Average Rent in Penelope, Atlanta, GA and Rent Price Trends

Rent trends in Penelope, Atlanta, GA

Average rent prices in Penelope have increased by 29% over the last month and have decreased by 21% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Penelope, Atlanta, GA

Rent prices in Penelope vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Penelope is $1,325, whereas a house costs $1,950. 1-bedroom apartments in Penelope run $1,350 on average, while 2-bedroom apartments are $1,099.


Studio	$650	-	-
1 bedroom	$963	9%	35%
2 bedroom	$1,395	No Change	20%
3 bedroom	$2,000	No Change	30%
4 bedroom	$2,425	No Change	-

		Listings
Brookstone Ii	$2,280
Hamilton	$2,275
Hampton Hall	$2,690
Kennesaw Woodland Acres	$2,181
Kingsridge	$2,850
Willow Springs	$2,461


Apartments	$1,325	No Change	No Change
Houses	$1,950	14%	No Change
Rooms	$707	10%	No Change

Studio

Average rent

$650

1 bedroom

Average rent

$963

Last 30 days

Last year

35%

2 bedroom

Average rent

$1,395

Last year

20%

3 bedroom

Average rent

$2,000

Last year

30%

4 bedroom

Average rent

$2,425

The table above reflects average rent prices in Penelope, Atlanta, GA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Penelope, Atlanta, GA compare to other neighborhoods?

Compare median rent prices in Penelope and Hampton Hall by all bedroom counts and property types.

Penelope

Median rent price$1,409

28%

lower than the national median

Median rent price$2,690

38%

higher than the national median

Takeaway

The median rent for all rentals in Penelope, Atlanta, GA is 48% lower than the median rent in Hampton Hall, Alpharetta, GA.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$2,690

$2,280

$2,275

Kennesaw Woodland Acres

$2,181

$2,461

$2,850

Discover rentals in Penelope, Atlanta, GA

5d+ ago

Penelope house for rent in Atlanta

2057 Verbena St Nw, Atlanta, GA 30314

5 beds

3 baths

$1,800

House for rent

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Frequently asked questions for Penelope, Atlanta, GA

Quick answers to common questions about the Penelope rental market.

How much is rent in Penelope?

The average rent in Penelope is $1,409 per month as of June 27, 2026.

Is rent up or down in Penelope?

Average rent prices in Penelope have increased by 29% over the last month and have decreased by 21% since last year.

How does Penelope rent compare to the national average?

Rent in Penelope is 28% below the national average, which means renters are paying approximately $541 less per month.

What salary do I need to afford rent in Penelope?

To comfortably afford rent in Penelope, you'd need to earn approximately $56,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).