
Cheap 1 Bedroom Apartments for Rent in the Penelope Neighborhood of Atlanta, GA from $530 (40 Rentals)


Room in House on Beecher St SW

Room in Duplex on Hightower Ct NW

Room in House on Peyton Woods Trail SW

1321 Oak St SW

Room in House on Morris Brown Dr SW

Room in Duplex on Cedar Ave NW

Room in House on Cascade Terrace SW

Room in House on Santa Barbara Dr NW

Room in House on Godfrey Dr NW
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Intrada Westside Apartments

Ashley Collegetown

64 Willis Mill Rd SW

The Mallory Apartments 55+ Active Adult

Residences at Westview

Parkside at Quarry Yards

Villas of Hope Apartments

Room in House on Edgewater Dr SW

1295 West Apartments

15 Chappell Rd SW
Atlanta's Best Affordable Neighborhoods
Learn about Atlanta and the best places to live with original content written by our Atlanta, GA Local Expert Jan Boling

164 Chicamauga Ave SW, Unit Master Bedroom

Room in House on Cedar Ave NW

Room in House on Cedar Ave NW

San Pedro Property

785 Gary Rd NW

Heritage Square Apartments

Porter Westside

Ashley Scholars Landing I
Penelope, Atlanta, GA Local Guide

How much does it cost to rent an apartment in Penelope?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penelope Studio Apartments | $2,216 | $811 | $10,000+ |
Penelope 1 Bedroom Apartments | $1,930 | $530 | $10,000+ |
Penelope 2 Bedroom Apartments | $2,059 | $950 | $6,107 |
Penelope 3 Bedroom Apartments | $2,310 | $1,191 | $4,495 |
Penelope 4 Bedroom Apartments | $1,538 | $1,229 | $2,595 |
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Penelope, Atlanta, GA Local Guide
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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 Cheap Penelope Apartments
What is a cheap apartment in Penelope?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penelope is under $1,119.
What is the price of a cheap apartment in Penelope?
The cheapest apartment in Penelope is Intrada Westside Apartments which is listed at $875, while the average apartment in Penelope costs $2,295.
What types of apartments are the cheapest in Penelope?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 216 regular apartments in Penelope that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Penelope?
Cheap apartments in Penelope have an average cost of $1,107 which is $1,188 cheaper than the average rent for all rentals in Penelope.
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.

An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area
Written by: Jan Boling
Atlanta, Georgia is a large, modern city with many neighborhoods that welcome both newcomers and natives.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.