Cheap Apartments for Rent in Penn Valley, CA from $700 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Penn Valley.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Jasmine Apartments
Studio to 2 Bedroom Apartments

Jasmine Apartments

1210-1250 Kenny DrYuba City, CA 95991

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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237 B St
1 Bedroom Apartments

237 B St

237 B StYuba City, CA 95991

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-28, Page 1 of 1

Penn Valley, CA Local Guide

Cheapest Available Penn Valley Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penn Valley, CA is a Studio unit found at Tourist Hotel in the Hetherington Place neighborhood priced from $725. Shasta Glen Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Penn Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tourist HotelStudioStudio,$725
Shasta Glen Apartments650 SF1BR,1BA$1,075
Sandpiper Apartments1 x 11BR,1BA$1,150
Sandpiper CoveOne Bedroom One Bath1BR,1BA$1,195
Northgate TerracePlan B - 1 bed 1 bath 678 sq ft1BR,1BA$1,250
Eastgate Terrace ApartmentsOne Bedroom One Bath1BR,1BA$1,250
Lincoln Pointe Apartments1B/1B1BR,1BA$1,300
Lakeside VillageLakeside Village Plan A1BR,1BA$1,300
Meadow Wood Condo ApartmentsPlan C1BR,1BA$1,300
Northpointe Commons1 Bedroom1BR,1BA$1,350

Best Value Apartments for Rent in Penn Valley, CA and Nearby

As of June 23, 2026 the best value apartment in the Penn Valley area is the $1.79 price per square foot 2bed 1bath Model at Parkview Apartments in the in the Lariat Ranch neighborhood starting from $1,700. The second greatest value Penn Valley apartment is the 2x1T Model at Hillcrest Court Apartments starting at $1,500 with a $1.67 price per square foot in the Hetherington Place neighborhood. Here is today’s list of the best values for Penn Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkview Apartments2bed 1bath2BR,1BA$1.79
Hillcrest Court Apartments2x1T2BR,1BA$1.67
The EstateUnit 122BR,1BA$1.86
Northpointe Commons1 Bedroom1BR,1BA$1.69
Lincoln Pointe Apartments2B/1B2BR,1BA$1.84
Shasta Glen Apartments750 SF2BR,1BA$1.80
Sandpiper CoveOne Bedroom One Bath1BR,1BA$1.71
Meadow Wood Condo ApartmentsPlan C1BR,1BA$1.91
Lakeside VillageLakeside Village Plan A1BR,1BA$1.91
Northgate TerracePlan B - 1 bed 1 bath 678 sq ft1BR,1BA$1.84

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Penn Valley Apartments

What is the Cheapest Studio apartment in Penn Valley?

Currently the most affordable Cheap Studio Apartment in Penn Valley is at Tourist Hotel listed at $725.

How much is rent for a Cheap One Bedroom Penn Valley Apartment?

The lowest price for a Cheap One Bedroom Penn Valley Apartment is $1,075 at Shasta Glen Apartments.

What is the lowest price for a Cheap Two Bedroom Penn Valley Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penn Valley is starting from $1,350 at Shasta Glen Apartments.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.