Cheap Apartments for Rent in Penhook, VA from $700 (31 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Fieldale Apartments
1 Bedroom Apartments

Fieldale Apartments

100 Marshall WayFieldale, VA 24089
  • Utilities Included
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2001 Lynn Ave
1 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
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115 Elm Ave SW
1 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
  • Utilities Included

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Penhook, VA Local Guide

Cheapest Available Penhook Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penhook, VA is a 2 Beds unit found at Liberty Manor Apartments priced from $865. 1st Month FREE - Hill Court Apartments in the Upper Martinsville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Penhook apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Liberty Manor Apartments2 Bed 1 Bath2BR,1BA$865
1st Month FREE - Hill Court Apartments1 Bed 1 Bath1BR,1BA$875
School Drive ApartmentsOne Bedroom1BR,1BA$921
Ridge View2 Bedroom2BR,1BA$926
Mount Pleasant Villas1x11BR,1BA$949
Chatham LoftsOne Bedroom Flat1BR,1BA$975
The Everett1 Bed 1Bath - 1A1BR,1BA$985
Chief TasselOne Bed - Unfurnished1BR,1BA$995
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1BA$1,045
The Pines of RoanokeThe Pinewood1BR,1BA$1,046

Best Value Apartments for Rent in Penhook, VA and Nearby

As of May 17, 2025 the best value apartment in the Penhook area is the $1.13 price per square foot One bed 1 1/2 bath Model at Horton Lofts in the in the Gilmer neighborhood starting from $1,875. The second greatest value Penhook apartment is the 4 Bedroom - w/Garage Classic Model at 733 West starting at $1,725 with a $1.27 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Penhook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horton LoftsOne bed 1 1/2 bath1BR,1.5BA$1.13
733 West4 Bedroom - w/Garage Classic4BR,2BA$1.27
Glade Creek (I)Renovated Three Bedroom3BR,2BA$1.26
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
Ridge View3 Bedroom3BR,2BA$1.02
Liberty Manor Apartments2 Bed 1 Bath2BR,1BA$0.96
Flats at Glade Creek2X12BR,1BA$1.32
The Pines of RoanokeThe Pinewood1BR,1BA$1.39
Honeywood Apartments1 Bedroom1BR,1BA$1.43
School Drive ApartmentsOne Bedroom1BR,1BA$1.31

Quick Rent Budget Calculator

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See the most popular apartments and homes in Penhook, VA

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Getting Around Penhook, VA

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

9 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Penhook Apartments

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

The lowest price for a Cheap One Bedroom Penhook Apartment is $875 at 1st Month FREE - Hill Court Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Penhook is starting from $865 at Liberty Manor Apartments.

What is the most affordable Penhook Three Bedroom Apartment?

The best deal on a cheap Penhook Three Bedroom Apartment rental is at Ridge View and starts from $1,070.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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

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