Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Pennydale area of Greensboro.

close
View Me
Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
  • Utilities Included
close
View Me
The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

3802 Overland HtsGreensboro, NC 27407
  • Utilities Included
close
View Me
Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

3739-3755 Oakwood DrGreensboro, NC 27407
  • Utilities Included
close
View Me
3936 McIntosh St
3 Bedroom Apartments

3936 McIntosh St

3936 McIntosh StGreensboro, NC 27407
close
View Me
The Arbors
1 to 3 Bedroom Apartments

The Arbors

4019 Hewitt StGreensboro, NC 27407

Pennydale, Greensboro, NC Local Guide

Cheapest Available Pennydale Apartments for Rent

 

The cheapest available apartment rental in the Pennydale area of Greensboro, NC is a 1 Bed unit found at The Retreat priced from $795. Pepper Tree Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Pennydale apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$795
Pepper Tree Apartments1BR/1BA1BR,1BA$799
Village Walk Apartments1BR - 1BTH1BR,1BA$850
Millbrook Apartments1 Bedroom 1 Bath Classic1BR,1BA$850
The ArborsThe Rosewood1BR,1BA$887

Best Value Apartments for Rent in Pennydale, NC

As of March 29, 2025 the best value apartment in the Pennydale area is the $0.94 price per square foot 2611 Kings Mill Rd Model at 2611 Kings Mill Rd in the in the Autumn Villas neighborhood starting from $2,390. The second greatest value Pennydale apartment is the 2507 Yow Rd Model at 2507 Yow Rd starting at $1,650 with a $1.25 price per square foot in the Hewitt Area neighborhood. Here is today’s list of the best values for Pennydale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2611 Kings Mill Rd2611 Kings Mill Rd4BR,3BA$0.94
2507 Yow Rd2507 Yow Rd3BR,2BA$1.25
Thomas Estates2BR/2 BA (Non Balcony)2BR,2BA$1.07
Campus Crossing Spring GardenDesigner Style 3 Bed X 2 Bath - Sunroom3BR,2BA$0.57
Legacy at SedgefieldTwo Bedroom Townhome - B2BR,1.5BA$1.09
Stonesthrow Apartment Homes2 x 1 - Emery B3U2BR,1BA$1.20
Abbington Place ApartmentsBridford1BR,1BA$1.23
Millbrook Apartments1 Bedroom 1 Bath Classic1BR,1BA$1.21
Village Walk Apartments1BR - 1BTH1BR,1BA$1.27
The RetreatThe Ayers1BR,1BA$1.26

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Pennydale, Greensboro, NC

Ranked #17

Among neighborhoods in Greensboro, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across North Carolina including Pennydale, Greensboro, and the greater Greensboro area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Getting Around the Pennydale Neighborhood in Greensboro, NC

Walk Score®

68 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Pennydale Apartments

What is the price of a cheap apartment in Pennydale?

The cheapest apartment in Pennydale is The Retreat which is listed at $795, while the average apartment in Pennydale costs $1,539.

What types of apartments are the cheapest in Pennydale?

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 8 regular apartments in Pennydale 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 Pennydale?

Cheap apartments in Pennydale have an average cost of $119 which is $1,420 cheaper than the average rent for all rentals in Pennydale.

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

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.