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Penn Valley, CA Homes for Rent

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  • /12

    $3,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,929 Sq Ft
    • House for Rent

    12061 Lake Wildwood Dr, Penn Valley, CA 95946

    Welcome home to this beautifully maintained 3-bedroom, 2-bath single-level residence located in a desirable gated community with panoramic golf course views. The spacious open floor plan features cathedral ceilings in the living room creating a bright and inviting atmosphere for everyday living and entertaining. There is also a formal dining room area. The kitchen is equipped with stainless

    12061 Lake Wildwood Dr, Penn Valley, CA 95946
  • /21

    $3,500 Per Month

    • 3 Beds
    • 4 Baths
    • 4,000 Sq Ft
    • Lake Front Furnished Home, 3 bed, 4 bath in Lake Wildwood, Penn Valley, CA

    18484 Chaparral Dr, Penn Valley, CA 95946

    Beautiful lake front furnished 4000 sq. ft. home in the gated community of Lake Wildwood, Penn Valley, CA 95946. Lake view from all rooms. Large living room with fireplace and wet bar. Kitchen with dinette area and a formal dining room, all wood flooring. Three bedrooms and 4 baths. Master bedroom suite has a fireplace, sitting room and a large dressing room. Entertainment room with air

    18484 Chaparral Dr, Penn Valley, CA 95946
  • /16

    $2,750 Per Month

    • 3 Beds
    • 2 Baths
    • 1,694 Sq Ft
    • Charming 3-bedroom, 2-bath home in Lake Wild Wood

    19009 Swallow Way, Penn Valley, CA 95946

    Charming 3-bedroom, 2-bath home in Lake Wildwood featuring a mix of carpet and wood floors throughout. The property includes central air, a whole-house fan, and propane service. The kitchen is equipped with a refrigerator and dishwasher. Additional highlights include a 2-car garage, washer/dryer hookups, a deck, and a separate shop space. Pets may be considered. Practical comforts and functional

    19009 Swallow Way, Penn Valley, CA 95946
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    $2,495 Per Month

    • 3 Beds
    • 2 Baths
    • 1,640 Sq Ft
    • House for Rent

    17909 Huckleberry Dr, Penn Valley, CA 95946

    Lovely home in gated community of Lake Wildwood. Three bedroom, two bath with vaulted living room ceiling, woodstove, central heat and air, spacious kitchen with breakfast bar and dining area. Spacious guest bedrooms, master with slider to deck. Attached 2-car garage, low-maintenance yard with natural landscaping. NO PETS, NO SMOKING Contact Tammy for info, Lovely home in gated community of

    17909 Huckleberry Dr, Penn Valley, CA 95946
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    $2,350 Per Month

    • 3 Beds
    • 2 Baths
    • 1,372 Sq Ft
    • House for Rent

    20468 Chaparral Cir, Penn Valley, CA 95946

    Come see this charming single-level home offering comfort, character, and thoughtful care throughout its 1,372 square feet. This well-maintained 3-bedroom, 2-bath residence has an open floor plan filled with natural light and an easy flow layout. The living room features a wood stove as a second source of heat and vaulted ceiling. The primary bedroom offers direct walk-out access to the back

    20468 Chaparral Cir, Penn Valley, CA 95946
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    $3,600 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,082 Sq Ft
    • Large 4-bedroom Remodeled home in Lake Wildwood, Penn Valley, CA 95946

    12126 Waxwing Ct, Penn Valley, CA 95946

    Large Lake Wildwood home, 3082 sq. ft. with 2 primary bedroom suites, each with its own private balcony. Large, remodeled kitchen with granite island and butcher block counter tops. This home offers a comfortable living room with large windows providing lots of natural light. Back wrap around deck with spa and lake views. Enjoy the breathtaking nature and native wildlife. 3 car garage and

    12126 Waxwing Ct, Penn Valley, CA 95946

Why Live in Penn Valley

Penn Valley, CA, located at the foothills of the Sierra Mountains, is a rural community with suburban elements. Historically known for its farmland during California's Gold Rush, Penn Valley now features homes on expansive acreage and smaller residential lots, including ranch styles, farmhouse styles, and custom builds. Some newer properties showcase old-world designs like Mediterranean and Victorian. The area includes Lake Wildwood, a gated community with homes overlooking an 18-hole golf course and a 300-acre lake, offering private parks and over 40 clubs. Residents enjoy recreational activities at Western Gateway Park, which spans nearly 90 acres and includes a swimming lake, sports courts, baseball fields, an 18-hole disc golf course, playgrounds, and an off-leash dog park. The Hamilton Raptor Center educates the public on birds of prey, while South Yuba River State Park features 9 trails, swimming holes, and historic bridges. Dining options in Penn Valley include Players Restaurant and Sports Bar, Daybreak Cafe, Blue Cow Deli, and Crazy 4 Yogurt. Shopping is centered around Penn Valley Drive and Highway 20, with local retailers like True Value Fence and Ranch Supply and Pearsons Feed. The Penn Valley Rodeo, a significant annual event, supports community initiatives such as scholarships for agriculture students and paramedics. Although Penn Valley poses a fire risk, with a notable wildfire in 2024, it remains a community with diverse recreational and dining options, and a blend of rural and suburban lifestyles.

Frequently Asked Questions

How much does it cost to rent a home in Penn Valley, CA?
The median rent for a home in Penn Valley, CA is $2,750 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Penn Valley, CA?
To comfortably afford the median rent in Penn Valley, CA, a household needs to earn roughly $110,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,750 per month in Penn Valley, CA, renters typically need to show $8,250 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Penn Valley, CA?
In Penn Valley, CA, the price-to-rent ratio is 15.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Penn Valley, CA are best for renting a home?
The best neighborhood for renting in Penn Valley, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Lake Wildwood and Northwest Auburn, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$2,750
Median Single Family Home Rent
$2,750
How to Rent a Home