Cheap Apartments for Rent near Penryn, PA from $300 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Penryn.

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.

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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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Kreider Commons
1 to 2 Bedroom Apartments

Kreider Commons

631 N 8th StLebanon, PA 17046
Senior Living
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Kissel Hill Apartments
1 to 2 Bedroom Apartments

Kissel Hill Apartments

616 Paxton PlLititz, PA 17543
Corporate Housing
  • Utilities Included

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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Pennwick Townhomes
2 Bedroom Apartments

Pennwick Townhomes

2010-2014 Pennwick RdLancaster, PA 17601
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Penryn, PA Local Guide

Cheapest Available Penryn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penryn, PA is a 1 Bed unit found at Garden Oaks Apartments in the Lebanon neighborhood priced from $950. Kreider Commons in the Lebanon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,007. Here is today’s list of the most affordable Penryn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Oaks Apartments1 Bedroom1BR,1BA$950
Kreider Commons1 Bdrm1BR,1BA$1,007
Cherryhill Villas1 Bedroom Cottage1BR,1BA$1,279
Greentree Village TownhomesTwo Bedroom2BR,1BA$1,290
Plaza ApartmentsOne Bedroom1BR,1BA$1,295
Glenn Wyn (06gl)1BR/1.0BA1BR,1BA$1,390
Weavertown TerraceModern Townhome Community, Wash/Dryer/Assigned ...2BR,1BA$1,395
Avery SquareAveryHStudio,1BA$1,426
Sweetbriar Apartments1 Bedroom Storage1BR,1BA$1,499
North Cornwall Commons ApartmentsA21BR,1BA$1,500

Best Value Apartments for Rent in Penryn, PA and Nearby

As of July 28, 2026 the best value apartment in the Penryn area is the $1.29 price per square foot 2BR/1.5BA Model at Chateau d'Eden in the in the East Side neighborhood starting from $1,650. The second greatest value Penryn apartment is the Dogwood Model at Holly Tree starting at $1,750 with a $1.50 price per square foot in the Manheim Lititz neighborhood. Here is today’s list of the best values for Penryn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chateau d'Eden2BR/1.5BA2BR,1.5BA$1.29
Holly TreeDogwood2BR,2BA$1.50
419 ApartmentsLegacy2BR,2BA$1.59
Colebrook Apartments2 Bedroom Large2BR,1BA$1.64
Summit Square Apartments2 Bedroom | 1 Bathroom - Quarry Collection2BR,1BA$1.48
Lancaster Lofts ApartmentsArmstrong1BR,1BA$1.56
Greentree Village TownhomesTwo Bedroom2BR,1BA$1.36
Weavertown TerraceModern Townhome Community, Wash/Dryer/Assigned ...2BR,1.5BA$1.64
Kreider Commons1 Bdrm1BR,1BA$1.30
Garden Oaks Apartments1 Bedroom1BR,1BA$1.52

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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Penryn Apartments

How much is rent for a Cheap One Bedroom Penryn Apartment?

The lowest price for a Cheap One Bedroom Penryn Apartment is $950 at Garden Oaks Apartments.

What is the lowest price for a Cheap Two Bedroom Penryn Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penryn is starting from $1,200 at Kreider Commons.

What is the most affordable Penryn Three Bedroom Apartment?

The best deal on a cheap Penryn Three Bedroom Apartment rental is at Weavertown Terrace and starts from $1,595.

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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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.

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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.