Cheap Homes for Rent in Penelope Neighborhood of Atlanta, GA from $700 (50 Rentals)

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Search the lowest-cost Homes available for rent right now in the Penelope area of Atlanta.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Atlanta's Best Affordable Neighborhoods

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property at 226 Scott St NW

226 Scott St NW

AtlantaGA30314
property at 898 Oak St SW

898 Oak St SW

AtlantaGA30310
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Penelope, Atlanta, GA Local Guide

Cheapest Available Penelope Apartments for Rent

 

The cheapest available apartment rental in the Penelope area of Atlanta, GA is a 1 Bed unit found at Intrada Westside Apartments priced from $875. Residences at Westview has the second lowest priced unit, which is a 1 Bed apartment currently listed from $894. Here are the most affordable Penelope apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Intrada Westside Apartments1 Bedroom1BR,1BA$875
Residences at Westview1Bed/1 Bath1BR,1BA$894
The Mallory Apartments 55+ Active AdultA 60%1BR,1BA$899
Ashley CollegetownThe Allegro1BR,1BA$907
Parkside at Quarry Yards1 Bedroom1BR,1BA$930
Martin Manor2 Beds, 1 bath2BR,1BA$950
Donnelly CourtDonnelly Court2BR,1BA$999
1295 West Apartments1 Bedroom1BR,1BA$1,025
Peaks of MLK1BR/1BA1BR,1BA$1,052
12Hundred Studios1/1.00Studio,1BA$1,119

Best Value Apartments for Rent in Penelope, GA

As of April 18, 2025 the best value apartment in the Penelope area is the $1.16 price per square foot The Sonata Model at Ashley Collegetown in the in the West End neighborhood starting from $1,845. The second greatest value Penelope apartment is the 3 Bedroom Model at Parkside at Quarry Yards starting at $1,275 with a $1.13 price per square foot in the Vine City neighborhood. Here is today’s list of the best values for Penelope apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashley CollegetownThe Sonata3BR,2.5BA$1.16
Parkside at Quarry Yards3 Bedroom3BR,2BA$1.13
177 Peyton Pl SW2 Bed2BR,1.5BA$1.44
345 Lanier2x12BR,1BA$1.21
Donnelly CourtDonnelly Court2BR,1BA$1.11
The Oasis on Cascade2 Bed 1 Bath2BR,1BA$1.33
Martin Manor2 Beds, 1 bath2BR,1BA$1.12
San Pedro Property1 Bed 1 Bath1BR,1BA$1.50
Residences at Westview1Bed/1 Bath1BR,1BA$1.21
Intrada Westside Apartments1 Bedroom1BR,1BA$1.26

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Frequently Asked Questions about Penelope

What type of rentals are currently available in Penelope?

There are currently 268 Apartments for Rent in Penelope, GA with pricing that ranges from $530 to $10,000. There are also 203 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penelope ranging from $700 to $5,600.

What is the current price range for Rental Homes in Penelope?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Penelope ranges from $700 to $5,600 with an average monthly rent of $2,233.

How much are larger Three and Four Bedroom Rentals in Penelope?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Penelope range from $1,191 to $4,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,345 to $4,200. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,229.

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.

decorative image for An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area article

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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.

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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.