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Newest Homes for Rent in Penn Valley, CA

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  • /16

    $2,200 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Charming Lake Wildwood Home 3 Bedroom 1 Bath

    14346 Knobcone Dr, Penn Valley, CA 95946

    This wonderful home is located in the Lake Wildwood steps from golf courses and club house. This 3 bedroom 1 half bath home has two decks offering relaxing views of trees. A detached 2 car garage with cabinets and opener and extra parking pad are included. Home has had renovations with flooring and kitchen counter tops 2 gas stoves will keep you warm in the winter and a house has mini split for

    14346 Knobcone Dr, Penn Valley, CA 95946
  • /18

    $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 and vaulted ceiling. The primary bedroom offers direct walk-out access to the back deck. A welcoming front porch

    20468 Chaparral Cir, Penn Valley, CA 95946
  • /7

    $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
  • /2

    Starting at $1,067 Per Month

    • 2 - 3 Beds

    10491 Broken Oak Ct, Penn Valley, CA 95946

    Courtyards at Penn Valley

    10491 Broken Oak Ct, 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
  • /21

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    14382 Sun Forest Dr, Penn Valley, CA 95946

    Renovated 1-bedroom/studio with full bathroom. Utilities and trash included. This unit is located below an existing residence in Lake Wildwood and has its own private entrance. It is clean and ready to go. New carpet and paint. The location is quiet and peaceful. You can enjoy the back patio and fenced yard and take in the pleasant view. Tenant to obtain their own PO box. Offered at:

    14382 Sun Forest Dr, Penn Valley, CA 95946
  • /28

    $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

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 $2,400 per month, though prices vary by neighborhood, size, and property type. As of July 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 $96,000 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 $2,400 per month in Penn Valley, CA, renters typically need to show $7,200 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 17.6, 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.

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$2,400
Median Single Family Home Rent
$2,400
How to Rent a Home