3 Bedroom Apartments for Rent in Penrose, NC (54 Rentals)

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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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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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Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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Kensington Place
Rent Specials
$1,720 - $1,790
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,790
Total Monthly Price
$1,080 - $1,790
3 Bedroom Apartments Available Now

Kensington Place

200 Kensington PlAsheville, NC 28803
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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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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 $2,015. 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$2,015
Burton HillsC11,655 Sq Ft$1,844
Reserve at Biltmore ParkVanderbilt1,557 Sq Ft$2,300
Retreat at Arden FarmsSummit Ridge1,484 Sq Ft$1,771
Ascend Cottages At Highland SquareD31,446 Sq Ft$2,174
The HighlandThe Cedar1,440 Sq Ft$1,699
Universal at Lakewood3 Bedroom, 2.5BA Townhome1,440 Sq Ft$1,759
Audubon PlaceThe Dove1,430 Sq Ft$1,800
The Summit HendersonvilleSandburg1,429 Sq Ft$2,339

Cheapest Available Penrose and Nearby 3 Bedroom Apartments

As of June 15, 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 $1,532 in the Bennington Oaks neighborhood. The average price for all 3 Bedroom apartments in Penrose is currently $2,108. 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$1,532
Vetra AshevilleThe Magnolia$1,599
The HighlandThe Cedar$1,699
Kensington PlaceBlueridge$1,720
Riverstone Apartments at Long ShoalsClarendon$1,743
Brittany Place HendersonvilleThe Keepsake with Balcony$1,755
Universal at Lakewood3 Bedroom, 2.5BA Townhome$1,759
Retreat at Arden FarmsSummit Ridge$1,771
Seasons at Cane CreekThree Bedroom 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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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 $2,108.

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 1,840 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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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.

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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.

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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.

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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.