Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (12 Rentals)

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

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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

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

Oakwood Apartments

3739-3755 Oakwood DrGreensboro, NC 27407
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3936 McIntosh St
3 Bedroom Apartments

3936 McIntosh St

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

The Arbors

4019 Hewitt StGreensboro, NC 27407

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 $740. The Arbors has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here are the most affordable Pennydale apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$740
The ArborsThe Rosewood1BR,1BA$820
Pepper Tree Apartments1BR/1BA1BR,1BA$835
Village Walk Apartments1BR - 1BTH1BR,1BA$850
Stonesthrow Apartment HomesAddison1BR,1BA$913

Best Value Apartments for Rent in Pennydale, NC

As of May 01, 2025 the best value apartment in the Pennydale area is the $1.29 price per square foot Abbington Model at Abbington Place Apartments in the in the Timberbrooke neighborhood starting from $1,825. The second greatest value Pennydale apartment is the 2BR/2.0BA Model at 600 Station Square Apartments starting at $1,499 with a $1.22 price per square foot in the Madison Woods 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.
Abbington Place ApartmentsAbbington3BR,2BA$1.29
600 Station Square Apartments2BR/2.0BA2BR,2BA$1.22
2909 Spring Garden St, Unit 2909-F2909 Spring Garden St3BR,2BA$1.19
Campus Crossing Spring GardenDesigner Style 3 Bed X 2 Bath with Patio a Lindell3BR,2BA$0.72
Legacy at SedgefieldTwo Bedroom Townhome - B2BR,1.5BA$1.09
Wendover Ridge1 Bedroom Renovated1BR,1BA$1.20
Stonesthrow Apartment HomesAddison1BR,1BA$1.27
Village Walk Apartments1BR - 1BTH1BR,1BA$1.27
The RetreatThe Ashland1BR,1BA$1.19
The ArborsThe Rosewood1BR,1BA$1.26

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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

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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 $740, while the average apartment in Pennydale costs $2,205.

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 15 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 $158 which is $2,047 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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.