3 Bedroom Apartments for Rent in Penrose, NC (60 Rentals)

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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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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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Kensington Place
Rent Specials
$1,790
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,790
Total Monthly Price
$1,200 - $1,790
3 Bedroom Apartments Available Now

Kensington Place

200 Kensington PlAsheville, NC 28803
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  • Utilities Included

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 $2,050. 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$2,050
Retreat at Arden FarmsSummit Ridge1,484 Sq Ft$1,745
Argento on the BroadC11,475 Sq Ft$2,285
The HighlandThe Cedar1,440 Sq Ft$2,099
Universal at Lakewood3 Bedroom, 2.5BA Townhome1,440 Sq Ft$1,779
Audubon PlaceThe Dove1,430 Sq Ft$1,800
The Summit HendersonvilleSandburg1,429 Sq Ft$2,339
RockberryThe Emerald1,402 Sq Ft$2,350
Brittany Place HendersonvilleThe Keepsake with Sunroom1,383 Sq Ft$1,795

Cheapest Available Penrose and Nearby 3 Bedroom Apartments

As of July 30, 2026 the lowest priced 3 Bedroom apartment unit in Penrose, NC is the The Harbor Model starting from $1,309 at Lakeshore Villas in the Kashmir neighborhood. The second most affordable Penrose 3 Bedroom is the C1 The View Model at Goldelm at The Views starting at $1,586 in the Bennington Oaks neighborhood. The average price for all 3 Bedroom apartments in Penrose is currently $2,161. Here is today’s list of the cheapest available 3 Bedroom options in Penrose:

Apartment ListingModel NamePriced From
Lakeshore VillasThe Harbor$1,309
Goldelm at The ViewsC1 The View$1,586
Charleston at the Meadows3 Bed/2 Bath Upgraded$1,595
Skyland Exchange Apartments3BR 2BA (1245 SF)$1,639
Hawthorne at SouthsideTIMELESS Calloway$1,699
Riverstone Apartments at Long ShoalsClarendon$1,709
Retreat at Arden FarmsSummit Ridge$1,745
Brittany Place HendersonvilleThe Keepsake with Balcony$1,755
Universal at Lakewood3 Bedroom, 2.5BA Townhome$1,759
Seasons at Cane CreekThe Mallard Sunroom$1,775

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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Remember the 3 Rules of Real Estate:
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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 Lakeshore Villas listed at $1,309.

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

The average rent for a 3 Bedroom Apartment in Penrose is $2,161.

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 1,619 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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.