
Cheap Apartments for Rent in Penland, NC from $600 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Penland.


Homestead Properties

Cedarbrook Apartments

Presswood Court

River View Townhomes

Sterling Hills

101 Park Place Ave

Axis on Roan

Blue Ridge Apartments

209 Spring St

38 Ruehl Ridge

2780 Tynecastle Hwy

188 Uptons Landing Rd
Penland, NC Local Guide

How much does it cost to rent an apartment in Penland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penland Studio Apartments | $837 | $800 | $875 |
Penland 1 Bedroom Apartments | $1,392 | $725 | $1,993 |
Penland 2 Bedroom Apartments | $1,592 | $799 | $2,375 |
Penland 3 Bedroom Apartments | $1,826 | $1,040 | $2,577 |
Penland 4 Bedroom Apartments | $1,580 | $615 | $2,500 |
Browse Top Apartments in Penland
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Penland, NC Local Guide
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Cheapest Available Penland Apartments for Rent and Nearby
 The cheapest available apartment rental in Penland, NC is a 1 Bed unit found at Watauga Square in the Downtown Johnson City neighborhood priced from $817. Presswood Court in the Downtown Johnson City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Penland apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Watauga Square | 1 Bedroom 1 Bathroom | 1BR,1BA | $817 |
Presswood Court | 1 Bedroom | 1BR,1BA | $895 |
The Cottages of Boone | E4 Duplex | 5BR,5BA | $895 |
Sterling Hills | Garden_First Floor | 1BR,1BA | $935 |
Blue Ridge Apartments | 1 Bed x 1 Bath | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Penland, NC and Nearby
As of March 22, 2025 the best value apartment in the Penland area is the $0.86 price per square foot 2 Bedroom Model at 28 Park Ave in the starting from $1,200. The second greatest value Penland apartment is the C3 Cottage Model at The Cottages of Boone starting at $1,040 with a $0.77 price per square foot . Here is today’s list of the best values for Penland apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
28 Park Ave | 2 Bedroom | 2BR,1.5BA | $0.86 |
The Cottages of Boone | C3 Cottage | 3BR,3BA | $0.77 |
Student Quarters Johnson City | 4x4 Super Deluxe | 4BR,4BA | $0.52 |
197 Old US Highway 321 | Cedar Chalet | 3BR,1.5BA | $0.67 |
Woodbridge Apartments | 2 Bedroom Premier | 2BR,2BA | $1.18 |
Plaza View Luxury Condominiums | 2 Bed, 1.5 Bath Model | 2BR,1.5BA | $1.18 |
Bost Road Apartments | 2 Bedroom | 2BR,1.5BA | $1.24 |
Park Place Apartments | 2 Bed x 2 Bath | 2BR,2BA | $1.06 |
Monarch 815 | 2BR | 2BR,2BA | $0.86 |
Presswood Court | 1 Bedroom | 1BR,1BA | $1.05 |
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Frequently Asked Questions about Cheap Penland Apartments
How much is rent for a Cheap One Bedroom Penland Apartment?
The lowest price for a Cheap One Bedroom Penland Apartment is $817 at Watauga Square.
What is the lowest price for a Cheap Two Bedroom Penland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penland is starting from $1,054 at Park Place Apartments.
What is the most affordable Penland Three Bedroom Apartment?
The best deal on a cheap Penland Three Bedroom Apartment rental is at The Cottages of Boone and starts from $1,040.
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.

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.

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.

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.

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.