Cheap Homes for Rent in Penn Yan, NY from $500 (12 Rentals)

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

property at 4656 Main St

$500 - $1,050

Studio To 3 Bedroom Rentals

Available Now

4656 Main St

HemlockNY14466

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.

property at 14 Elm St

$1,800

2 Bedroom Rentals

Available Now

14 Elm St

BloomfieldNY14469

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 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 bedroom1BR,1BA$785
The Overlook at West HillTwo Bedroom2BR,1BA$812
Parklawn Apartment HomesParklawn Apartment Homes- WAITLIST ONLY2BR,1BA$1,031
West Village Apartments2 Beds, 1 bath2BR,1BA$1,041

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

As of March 09, 2026 the best value apartment in the Penn Yan area is the $1.54 price per square foot 3 Bedroom with Garage Model at Victor Heights - Fully Renovated! in the in the Victor Farmington neighborhood starting from $2,000. 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.
Victor Heights - Fully Renovated!3 Bedroom with Garage3BR,1.5BA$1.54
Spring Meadows2bd Ranch2BR,1BA$1.00
West Village Apartments3 Beds, 1 bath3BR,1BA$1.15
Terrace Apartments2 Bedroom Standard2BR,1BA$1.42
Farmington Manor2 Bedroom / 1 Bathroom Deluxe with Den2BR,1BA$1.50
Northside Apartments2bedroom 1bath2BR,1BA$1.41
Parklawn Apartment HomesParklawn Apartment Homes- WAITLIST ONLY2BR,1BA$1.29
Camelot Square Apartments1 BR/1 Bth (Heat, WiFi & TV App Incl.))1BR,1BA$1.50
Montour Family Apartments1 bedroom1BR,1BA$1.14
St Marks Terrace Dundee1 bed 1 bath1BR,1BA$0.73

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

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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!

Explore Penn Yan, NY Rentals by Map

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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 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penn Yan ranging from $500 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 $500 to $5,005 with an average monthly rent of $1,944.

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 $1,080 to $4,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $5,005. Four Bedroom Single-Family rentals are also available starting from $2,000 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.