16 Tuckaway Ln
BrevardNC28712
Cheap Homes for Rent in Penrose, NC from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Penrose.
61 Bent Oaks Ln
HendersonvilleNC28792
326 Spring St
HendersonvilleNC28739
49 Lake Dr
HendersonvilleNC28739
135 Haynes St
HendersonvilleNC28791
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Penrose, NC Local Guide
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How much does it cost to rent a home in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose 2 Bedroom Homes for Rent | $1,903 | $1,475 | $2,395 |
| Penrose 3 Bedroom Homes for Rent | $2,716 | $2,300 | $3,950 |
| Penrose 4 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
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Penrose, NC Local Guide
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Cheapest Available Penrose Apartments for Rent and Nearby
The cheapest available apartment rental in Penrose, NC is a 1 Bed unit found at The Villas at Avery Creek in the Kayden Valley neighborhood priced from $1,189. Kensington Place in the King Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here is today’s list of the most affordable Penrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Villas at Avery Creek | 1 Bedroom Second Level - 680sf | 1BR,1BA | $1,189 |
| Kensington Place | Catawba | 1BR,1BA | $1,220 |
| Hawthorne at Southside | TIMELESS Linville | 1BR,1BA | $1,246 |
Best Value Apartments for Rent in Penrose, NC and Nearby
As of March 25, 2025 the best value apartment in the Penrose area is the $1.40 price per square foot Magnolia Model at Artisan Living Mills River in the in the Kayden Valley neighborhood starting from $2,550. The second greatest value Penrose apartment is the Clarendon Model at Riverstone Apartments at Long Shoals starting at $1,885 with a $1.57 price per square foot in the Kashmir neighborhood. Here is today’s list of the best values for Penrose apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Artisan Living Mills River | Magnolia | 3BR,2.5BA | $1.40 |
| Riverstone Apartments at Long Shoals | Clarendon | 3BR,2BA | $1.57 |
| SouthRidge Apartments and Townhomes | Clingmans Garden | 2BR,2BA | $1.54 |
| Park Residence | 2 Bedroom | 2BR,2BA | $1.56 |
| Retreat at Arden Farms | B1 | 2BR,2BA | $1.63 |
| Audubon Place | The Cardinal | 1BR,1BA | $1.74 |
| Dilworth Apartment Homes | One Bedroom Sunroom | 1BR,1BA | $1.61 |
| Brittany Place Apartment Homes | The Opal | 1BR,1BA | $1.62 |
| Goldelm at The Views | A1 The Carolina | 1BR,1BA | $1.74 |
| Kensington Place | Catawba | 1BR,1BA | $1.74 |
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Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 36 Apartments for Rent in Penrose, NC with pricing that ranges from $337 to $6,990. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $475 to $3,950.
What is the current price range for Rental Homes in Penrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penrose ranges from $475 to $3,950 with an average monthly rent of $1,812.
How much are larger Three and Four Bedroom Rentals in Penrose?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penrose range from $1,695 to $6,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $2,750.
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.
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.
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.