
Cheap Homes for Rent in Penn Yan, NY from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Penn Yan.


40 E Genesee St

13 Exchange St

1718 Mecklenburg Rd

105 Westbourne Ln
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.

241 W Jackson St

14 Elm St

1084 Yale Farm Rd

518 Spencer Rd

4704 Grandview Park
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.

81 Madison St
Penn Yan, NY Local Guide

How much does it cost to rent a home in Penn Yan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Yan 2 Bedroom Homes for Rent | $2,988 | $1,800 | $4,175 |
| Penn Yan 3 Bedroom Homes for Rent | $2,859 | $925 | $5,005 |
| Penn Yan 4 Bedroom Homes for Rent | $2,525 | $2,200 | $2,900 |
| Penn Yan 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Penn Yan
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Penn Yan, NY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| St Marks Terrace Dundee | 1 bed 1 bath | 1BR,1BA | $400 |
| Montour Family Apartments | 1 bedroom 1bath | 1BR,1BA | $785 |
| Country Falls Apartments | Two Bedroom | 2BR,1BA | $795 |
| Manor Village Apartments | 2 bedroom | 2BR,1BA | $895 |
| Camelot Square Apartments | Studio 6/15 (Heat, Internet & TV App Incl.) | Studio,1BA | $900 |
Best Value Apartments for Rent in Penn Yan, NY and Nearby
As of June 08, 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 3 Beds, 1 bath Model at West Village Apartments starting at $1,331 with a $1.15 price per square foot in the Western South Hill neighborhood. Here is today’s list of the best values for Penn Yan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside Townhomes | 3 Bedroom Townhome- WAITLIST AD | 3BR,2.5BA | $1.35 |
| West Village Apartments | 3 Beds, 1 bath | 3BR,1BA | $1.15 |
| Victor Heights - Fully Renovated! | 2Bedroom | 2BR,1.5BA | $1.45 |
| Manor Village Apartments | 2 bedroom | 2BR,1BA | $0.90 |
| Country Falls Apartments | Two Bedroom | 2BR,1BA | $0.91 |
| Northside Apartments | 2bedroom 1bath | 2BR,1BA | $1.41 |
| Sheridan Park and Holiday Manor | H2bdrm | 2BR,1BA | $1.57 |
| Parklawn Apartment Homes | Parklawn Apartment Homes- WAITLIST ONLY | 2BR,1BA | $1.29 |
| Montour Family Apartments | 1 bedroom 1bath | 1BR,1BA | $1.14 |
| St Marks Terrace Dundee | 1 bed 1 bath | 1BR,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.
Read ArticleReal 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.
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.
Best Local Schools in Penn Yan, NY
Penn Yan Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Penn Yan, NY
Frequently Asked Questions about Penn Yan
What type of rentals are currently available in Penn Yan?
There are currently 57 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 $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 $2,365.
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 $4,168, 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 $2,200 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

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.