
Apartments for Rent in Penrose, NC Under $1,200 (9 Rentals)


Hawthorne at Southside

Creekside at Arden

Reserve at Biltmore Park
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.

Venture at Lake Julian

1418 5th Ave W

580 Courtwood Ln

16 Tuckaway Ln
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Penrose, NC Local Guide

How much does it cost to rent an apartment in Penrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penrose Studio Apartments | $1,667 | $1,132 | $3,666 |
Penrose 1 Bedroom Apartments | $1,693 | $1,125 | $4,257 |
Penrose 2 Bedroom Apartments | $1,961 | $1,310 | $4,377 |
Penrose 3 Bedroom Apartments | $2,400 | $1,695 | $6,213 |
Browse Top Apartments in Penrose
See all Apartments in PenroseExplore Penrose
Penrose, NC Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Quick 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.
Frequently Asked Questions about Penrose
How much are Studio apartments in Penrose?
There are currently 6 Studio Apartments in Penrose with rent ranges from $1,132 to $3,666 with an average price of $1,667.
What is the current price range for One Bedroom Penrose Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Penrose ranges from $1,125 to $4,257 with an average monthly rent of $1,693.
What does renting a Two Bedroom Apartment in Penrose cost?
The monthly rent prices of Two Bedroom Apartments currently available in Penrose range from $1,310 to $4,377. Today's average rental price for Two Bedrooms here is $1,961.
How expensive are Penrose Three Bedroom Apartments?
There are currently 35 Three Bedroom Apartments listings available in Penrose on ApartmentHomeLiving.com. The pricing ranges from $1,695 to $6,213 - averaging $2,400 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.