Cheap Apartments for Rent in Penhook, VA from $700 (21 Rentals)

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

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

close
View Me
115 Elm Ave SW
Rent Specials
from $9751 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
View Details
Showing Results 1-21, Page 1 of 1

Penhook, VA Local Guide

Cheapest Available Penhook Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penhook, VA is a 1 Bed unit found at Fieldale Apartments priced from $795. 301 Gilmer Ave in the Gilmer neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Penhook apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fieldale Apartments1 Bedroom1BR,1BA$795
301 Gilmer AveStudioStudio,1BA$800
2001 Lynn Ave1 Bed, 1 bath1BR,1BA$800
Ridge View2 Bedroom2BR,1BA$871
The Everett2 Bed 1 Bath - 2A2BR,1BA$899

Best Value Apartments for Rent in Penhook, VA and Nearby

As of January 08, 2025 the best value apartment in the Penhook area is the $1.20 price per square foot Renovated Three Bedroom Model at Glade Creek (I) in the in the Gainsboro neighborhood starting from $1,580. The second greatest value Penhook apartment is the 3 BEDROOM Model at Bent Tree starting at $1,670 with a $1.39 price per square foot in the Hurt Park 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.
Glade Creek (I)Renovated Three Bedroom3BR,2BA$1.20
Bent Tree3 BEDROOM3BR,1BA$1.39
Ridge View3 Bedroom3BR,2BA$0.96
Northpointe2 bedroom rebuild2BR,1.5BA$1.23
Cedar PointThe Dogwood2BR,1.5BA$1.49
Hickory WoodsRenovated Two Bedroom Two Bathroom2BR,2BA$1.50
Fieldale Apartments1 Bedroom1BR,1BA$0.88
2001 Lynn Ave1 Bed, 1 bath1BR,1BA$1.07
The Pines of RoanokeThe Pinewood1BR,1BA$1.41
Honeywood Apartment Homes1 Bedroom1BR,1BA$1.45

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

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Penhook, VA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Penhook, VA

View MapPenhook, VA Apartments MapView MapPenhook, VA Rental Homes Map

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 $795 at Fieldale 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 $871 at Ridge View.

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 $1,006.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.