84 Maple Path Ln
HendersonvilleNC28739
Cheap Homes for Rent near Penrose, NC from $1,100 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Penrose.
20 Northern Fairway Ct
EtowahNC28729
92 Maple Path Ln
HendersonvilleNC28739
7 Chestnut Path Ln
HendersonvilleNC28739
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
120 Robin St
HendersonvilleNC28739
427 6th Ave W
HendersonvilleNC28739
818 3rd Ave W
HendersonvilleNC28739
12 la Salle Ln
HendersonvilleNC28791
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.
101 Chariton Ave
HendersonvilleNC28739
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Penrose, NC Local Guide
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How much does it cost to rent a home in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose 2 Bedroom Homes for Rent | $1,754 | $1,150 | $4,100 |
| Penrose 3 Bedroom Homes for Rent | $2,397 | $1,425 | $3,500 |
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Penrose, NC Local Guide
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Cheapest Available Penrose Apartments for Rent and Nearby
The cheapest available apartment rental in Penrose, NC is a 1 Bed unit found at Lakeshore Villas in the Kashmir neighborhood priced from $942. Vetra Asheville in the Kashmir neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Penrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakeshore Villas | The Cove | 1BR,1BA | $942 |
| Vetra Asheville | The Maple | 1BR,1BA | $1,199 |
| Kensington Place | Summit | Studio,1BA | $1,200 |
Best Value Apartments for Rent in Penrose, NC and Nearby
As of July 24, 2026 the best value apartment in the Penrose area is the $1.36 price per square foot Magnolia Model at Artisan Living Mills River in the in the Kayden Valley neighborhood starting from $2,475. The second greatest value Penrose apartment is the 2 Bedroom Model at Park Residence starting at $1,495 with a $1.20 price per square foot in the Barker Heights neighborhood. Here is today’s list of the best values for Penrose apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Artisan Living Mills River | Magnolia | 3BR,2.5BA | $1.36 |
| Park Residence | 2 Bedroom | 2BR,2BA | $1.20 |
| SouthRidge Apartments and Townhomes | Looking Glass Townhouse | 2BR,2.5BA | $1.41 |
| Chadwick Square Apartments | Two Bedroom | 2BR,2BA | $1.37 |
| Universal at Lakewood | 2 Bedroom Second Level | 2BR,2BA | $1.38 |
| Avalon at Sweeten Creek | The Brant with Balcony | 2BR,2BA | $1.46 |
| Palisades of Asheville | The Brant with Patio | 2BR,2BA | $1.51 |
| 51 Cushion Pl | 2 Bed 2 Bath | 2BR,2BA | $1.47 |
| Charleston at the Meadows | 2 Bed/1 Bath Upgraded | 2BR,1BA | $1.49 |
| Lakeshore Villas | The Cove | 1BR,1BA | $1.43 |
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.
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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 Penrose
What type of rentals are currently available in Penrose?
There are currently 46 Apartments for Rent in Penrose, NC with pricing that ranges from $942 to $3,408. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $1,150 to $4,100.
What is the current price range for Rental Homes in Penrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penrose ranges from $1,150 to $4,100 with an average monthly rent of $1,789.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.
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.