3 Bedroom Apartments for Rent near Penrose, NC (65 Rentals)

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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Kensington Place
Rent Specials
$1,720 - $1,790

Total Monthly Price

Base Rent$1,175 - $1,790
Total Monthly Price$1,175 - $1,790
3 Bedroom Apartments Available Now

Kensington Place

200 Kensington PlAsheville, NC 28803
Eco-Friendly
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  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Penrose, NC Local Guide

Largest Available Penrose and Nearby 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Penrose, NC is found at Artisan Living Mills River in the Kayden Valley neighborhood and is 1,818 square feet priced from $2,475. Weirbridge Village in the Bennington Oaks neighborhood has the second largest 3 Bedroom, which is sized at 1,669 square feet and currently listed start at $2,070. Here is today’s list of the largest available 3 Bedroom units in Penrose:

Apartment ListingModel NameSquare FootagePriced From
Artisan Living Mills RiverMagnolia1,818 Sq Ft$2,475
Weirbridge VillageThe Redbud1,669 Sq Ft$2,070
SouthRidge Apartments and TownhomesShining Rock Townhouse w Gar1,668 Sq Ft$2,171
Burton HillsC11,655 Sq Ft$1,796
Reserve at Biltmore ParkVanderbilt1,557 Sq Ft$2,550
Retreat at Arden FarmsSummit Ridge1,484 Sq Ft$1,713
Argento on the BroadC11,475 Sq Ft$2,360
The HighlandThe Cedar1,440 Sq Ft$2,099
Universal at Lakewood3 Bedroom, 2.5BA Townhome with Drive Under Garage1,440 Sq Ft$1,699
Audubon PlaceThe Dove1,430 Sq Ft$1,535

Cheapest Available Penrose and Nearby 3 Bedroom Apartments

As of September 13, 2026 the lowest priced 3 Bedroom apartment unit in Penrose, NC is the The Dove Model starting from $1,535 at Audubon Place in the Kashmir neighborhood. The second most affordable Penrose 3 Bedroom is the 3BR 2BA (1245 SF) Model at Skyland Exchange Apartments starting at $1,577 . The average price for all 3 Bedroom apartments in Penrose is currently $2,116. Here is today’s list of the cheapest available 3 Bedroom options in Penrose:

Apartment ListingModel NamePriced From
Audubon PlaceThe Dove$1,535
Skyland Exchange Apartments3BR 2BA (1245 SF)$1,577
Charleston at the Meadows3 Bed/3 Bath$1,595
Riverstone Apartments at Long ShoalsClarendon$1,599
Vetra AshevilleThe Magnolia$1,699
Universal at Lakewood3 Bedroom, 2.5BA Townhome$1,699
Retreat at Arden FarmsSummit Ridge$1,713
Brittany Place HendersonvilleThe Keepsake with Sunroom$1,715
Kensington PlaceBlueridge$1,720
Seasons at Cane CreekThe Mallard Sunroom$1,775

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Frequently Asked Questions about 3 Bedroom Penrose Apartments

What is the Cheapest apartment in Penrose with 3 Bedroom?

Currently the most affordable 3 Bedroom in Penrose is at Audubon Place listed at $1,535.

How much is the average rent for a 3 Bedroom Penrose Apartment?

The average rent for a 3 Bedroom Apartment in Penrose is $2,116.

What is the largest available 3 Bedroom Penrose Apartment for rent?

Today's apartment with the most square footage in Penrose is a 1,818 square feet unit starting from $2,475 at Artisan Living Mills River.

What is the average size for Penrose 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Penrose is currently 2,013 sq ft.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.