580 Courtwood Ln
HendersonvilleNC28739
Cheap Homes for Rent in Penrose, NC from $1,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Penrose.
834 5th Ave W
HendersonvilleNC28739
530 Courtwood Ln
HendersonvilleNC28739
54 Dillingham Rd
BrevardNC28712
1316 Hyman Ave
HendersonvilleNC28792
255 Kemp Rd
Pisgah ForestNC28768
252 Wash Creek Dr
HendersonvilleNC28739
198 Horse Shoe Baptist Church Rd
Horse ShoeNC28742
818 3rd Ave W
HendersonvilleNC28739
19 Lake Dr
HendersonvilleNC28739
Showing Results 1-10, Page 1 of 1
Penrose, NC Local Guide
Cheeseburger with pickles and fries by U.S. Department of Agriculture is licensed under CC BY 2.0
How much does it cost to rent a home in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose 2 Bedroom Homes for Rent | $1,880 | $1,245 | $2,800 |
| Penrose 3 Bedroom Homes for Rent | $2,207 | $1,300 | $3,000 |
| Penrose 4 Bedroom Homes for Rent | $3,495 | $3,495 | $3,495 |
Browse Top Homes for Rent in Penrose
Explore Penrose
Penrose, NC Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Penrose Apartments for Rent and Nearby
The cheapest available apartment rental in Penrose, NC is a Studio unit found at Venture at Lake Julian in the Kashmir neighborhood priced from $1,098. 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 |
|---|---|---|---|
| Venture at Lake Julian | Glenville | Studio,1BA | $1,098 |
| Vetra Asheville | The Oak | 1BR,1BA | $1,199 |
| Creekside at Arden | Arden Studio 1B | Studio,1BA | $1,216 |
Best Value Apartments for Rent in Penrose, NC and Nearby
As of September 14, 2025 the best value apartment in the Penrose area is the $1.29 price per square foot Magnolia Model at Artisan Living Mills River in the in the Kayden Valley neighborhood starting from $2,350. The second greatest value Penrose apartment is the Chimney Rock Model at Mountain View starting at $1,899 with a $1.50 price per square foot in the Bennington Oaks 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 | $1.29 |
| Mountain View | Chimney Rock | 3BR,2BA | $1.50 |
| Park Residence | 2 Bedroom | 2BR,2BA | $1.35 |
| SouthRidge Apartments and Townhomes | Looking Glass Townhouse | 2BR,2.5BA | $1.42 |
| Hawthorne at Mills Gap | Bliss | 2BR,2BA | $1.51 |
| Kensington Place | Appalachían | 2BR,2BA | $1.51 |
| Charleston at the Meadows | 2 Bed/1 Bath Upgraded | 2BR,1BA | $1.50 |
| Seasons at Cane Creek | Drake- Sunroom | 1BR,1BA | $1.60 |
| Goldelm at The Views | A1 The Carolina | 1BR,1BA | $1.62 |
| Vetra Asheville | The Oak | 1BR,1BA | $1.58 |
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.
Let everyone know!
Do you know the Penrose area?
If you’re an expert on all things Penrose, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestylePenrose, NC
Ranked #27
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Penrose, NC Rentals by Map
See the most popular apartments and homes in Penrose, NC
Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 39 Apartments for Rent in Penrose, NC with pricing that ranges from $1,098 to $3,610. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $1,095 to $3,495.
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 $1,095 to $3,495 with an average monthly rent of $2,307.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
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.