Cheap Homes for Rent in Penn Yan, NY from $900 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Penn Yan.

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.

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.

Penn Yan, NY Local Guide

Cheapest Available Penn Yan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penn Yan, NY is a 1 Bed unit found at St Marks Terrace Dundee priced from $400. Montour Family Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Penn Yan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
St Marks Terrace Dundee1 bed 1 bath1BR,1BA$400
Montour Family Apartments1 bedroom 1bath1BR,1BA$785
Country Falls ApartmentsTwo Bedroom2BR,1BA$795
Manor Village Apartments2 bedroom2BR,1BA$895
Parklawn Apartment HomesParklawn Apartment Homes- WAITLIST ONLY2BR,1BA$1,031

Best Value Apartments for Rent in Penn Yan, NY and Nearby

As of April 23, 2026 the best value apartment in the Penn Yan area is the $1.35 price per square foot 3 Bedroom Townhome- WAITLIST AD Model at Parkside Townhomes in the in the Victor Farmington neighborhood starting from $2,064. The second greatest value Penn Yan apartment is the 2bd Ranch Model at Spring Meadows starting at $1,225 with a $1.00 price per square foot . Here is today’s list of the best values for Penn Yan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside Townhomes3 Bedroom Townhome- WAITLIST AD3BR,2.5BA$1.35
Spring Meadows2bd Ranch2BR,1BA$1.00
West Village Apartments3 Beds, 1 bath3BR,1BA$1.15
Victor Heights - Fully Renovated!2Bedroom2BR,1.5BA$1.45
Manor Village Apartments2 bedroom2BR,1BA$0.90
Country Falls ApartmentsTwo Bedroom2BR,1BA$0.91
Northside Apartments2bedroom 1bath2BR,1BA$1.41
Parklawn Apartment HomesParklawn Apartment Homes- WAITLIST ONLY2BR,1BA$1.29
Montour Family Apartments1 bedroom 1bath1BR,1BA$1.14
St Marks Terrace Dundee1 bed 1 bath1BR,1BA$0.73

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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Quick 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.

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

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Frequently Asked Questions about Penn Yan

What type of rentals are currently available in Penn Yan?

There are currently 56 Apartments for Rent in Penn Yan, NY with pricing that ranges from $400 to $4,600. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penn Yan ranging from $925 to $5,005.

What is the current price range for Rental Homes in Penn Yan?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Penn Yan ranges from $925 to $5,005 with an average monthly rent of $2,253.

How much are larger Three and Four Bedroom Rentals in Penn Yan?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Penn Yan range from $938 to $4,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $5,005. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $1,435.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.