6

Penn Valley, CA Homes for Rent

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  • /5

    $2,500 Per Month

    • 3 Beds
    • 3 Baths
    • 1,998 Sq Ft
    • Condo for Rent

    18635 Jayhawk Dr, Penn Valley, CA 95946

    Welcome to your new home in beautiful Penn Valley, CA! This charming property is situated in a vibrant community with easy access to a variety of amenities, making it a wonderful place to call home. This spacious property features multiple bedrooms and bathrooms, providing ample space for comfortable living. Its location is a gem, with several fantastic restaurants and department stores just

    18635 Jayhawk Dr, Penn Valley, CA 95946
  • /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
  • /16

    $2,595 Per Month

    • 3 Beds
    • 2 Baths
    • 1,694 Sq Ft
    • House for Rent

    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
  • /13

    $1,400 Per Month

    • Studio
    • 1 Bath
    • 700 Sq Ft
    • Townhouse for Rent

    17801 Penn Valley Dr, Penn Valley, CA 95946

    Charming Penn Valley Studio Available Now Spacious and bright studio available now in Penn Valley. This private studio offers a comfortable living space with abundant natural light, a full kitchen, and a spacious bathroom. Please note the studio shares a structure with occupied main house. Property Features • Spacious studio floor plan • Full kitchen • Large bathroom

    17801 Penn Valley Dr, Penn Valley, CA 95946
  • /19

    $2,800 Per Month

    • 3 Beds
    • 2 Baths
    • 1,881 Sq Ft
    • House for Rent

    18862 Meadowlark Ct, Penn Valley, CA 95946

    Showing will be made by appointment only, since unit is still occupied Welcome to the Home in Lake Wildwood, a charming 3-bedroom, 2-bathroom residence nestled in the heart of Penn Valley, CA. This home is situated in the vibrant Lake Wildwood Community, offering plenty of amenities to enhance your lifestyle. Enjoy the convenience of being within walking distance to the beautiful

    18862 Meadowlark Ct, Penn Valley, CA 95946
  • /8

    $1,250 Per Month

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • House for Rent

    18448 Song Sparrow Ct, Penn Valley, CA 95946

    This 500 sq. ft. downstairs apartment has it's own separate entrance, private deck and sweet local views in a quiet and peaceful setting. The owner lives in the home upstairs. Utilities are $200/month, including PG&E, propane, garbage and Xfinity, payable in advance. Shared use of the washer and dryer is included. No pets. Lake Wildwood is a gated community with access to the beautiful lake

    18448 Song Sparrow 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 $2,547 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.
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 $101,880 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 $2,547 per month in Penn Valley, CA, renters typically need to show $7,641 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 16.5, 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
$2,547
Median Single Family Home Rent
$2,595
Median Townhouse Rent
$1,400
How to Rent a Home