
Cheap Apartments for Rent in Penn Valley, CA from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Penn Valley.


Ramirez Court Apartments

Casa Milano Apartments
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.

Shasta Glen Apartments

Sandpiper Apartments

Northgate Terrace
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.
Penn Valley, CA Local Guide

How much does it cost to rent an apartment in Penn Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Valley Studio Apartments | $2,445 | $725 | $4,630 |
| Penn Valley 1 Bedroom Apartments | $2,143 | $1,050 | $6,260 |
| Penn Valley 2 Bedroom Apartments | $2,256 | $1,300 | $6,970 |
| Penn Valley 3 Bedroom Apartments | $1,950 | $1,900 | $2,000 |
Browse Top Apartments in Penn Valley
See all Apartments in Penn ValleyExplore Penn Valley
Penn Valley, CA Local Guide
- Nearby Cities
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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. Casa Milano Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Penn Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tourist Hotel | Studio | Studio, | $725 |
| Casa Milano Apartments | 1x1 | 1BR,1BA | $1,050 |
| Shasta Glen Apartments | 650 SF | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Penn Valley, CA and Nearby
As of December 22, 2025 the best value apartment in the Penn Valley area is the $1.68 price per square foot 2bed 1bath Model at Parkview Apartments in the in the Lariat Ranch neighborhood starting from $1,600. The second greatest value Penn Valley apartment is the Two Bedroom One Bath Model at Sandpiper Cove starting at $1,450 with a $1.53 price per square foot in the Walton Heights neighborhood. Here is today’s list of the best values for Penn Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkview Apartments | 2bed 1bath | 2BR,1BA | $1.68 |
| Sandpiper Cove | Two Bedroom One Bath | 2BR,1BA | $1.53 |
| Eastgate Terrace Apartments | Two Bedroom One Bath | 2BR,1BA | $1.60 |
| Northpointe Commons | 1 Bedroom | 1BR,1BA | $1.59 |
| The Estate | 2 Bedroom | 2BR,1BA | $1.82 |
| Shasta Glen Apartments | 750 SF | 2BR,1BA | $1.80 |
| Hunters Landing | One Bedroom | 1BR,1BA | $1.90 |
| Meadow Wood Condo Apartments | Plan C | 1BR,1BA | $1.91 |
| Lakeside Village | Lakeside Village Plan A | 1BR,1BA | $1.90 |
| Casa Milano Apartments | 1x1 | 1BR,1BA | $1.91 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Penn Valley, CA Rentals by Map
See the most popular apartments and homes in Penn Valley, CA
Getting Around Penn Valley, CA
Walk Score®
12 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
14 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,050 at Casa Milano 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 $1,300 at Northgate Terrace.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


