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Newest Homes for Rent in Penn Valley, CA

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  • /17

    $1,800 Per Month

    • 1 Bed
    • 1.5 Baths
    • 1,200 Sq Ft
    • Welcome to this charming 1-bedroom, 1.5 bathroom home with an Office

    18716 Falcon Loop, Penn Valley, CA 95946

    Welcome to this charming 1-bedroom, 1 1/2-bathroom home nestled in the scenic locale of Penn Valley, CA, in Lake Wildwood. This home boasts a blend of hardwood and carpeted floors, offering both elegance and comfort. The spacious deck, overlooking a serene wooded view, is perfect for outdoor relaxation or entertaining. The modern kitchen is equipped with stainless steel appliances and a

    18716 Falcon Loop, Penn Valley, CA 95946
  • /21

    $2,700 Per Month

    • 3 Beds
    • 2 Baths
    • 1,478 Sq Ft
    • 3 bedroom, 2 bath remodeled home in Lake Wildwood, Penn Valley, CA 95946

    12731 Greenbrook Loop, Penn Valley, CA 95946

    3 bedroom, 2 bath remodeled home located in the gated community of Lake Wildwood. This home features a new kitchen with granite countertops and island. All new appliances with washer & dryer. New flooring throughout and freshly painted inside and out. Two car garage. A must see home! Lake Wildwood is located in the art & music rich Sierra Foothills, 1 hour north of Sacramento & south of

    12731 Greenbrook Loop, Penn Valley, CA 95946
  • /22

    $2,600 Per Month

    • 2 Beds
    • 2 Baths
    • 1,580 Sq Ft
    • House for Rent

    14002 Hemlock Dr, Penn Valley, CA 95946

    Expansive long range mountain and lake views grace this light filled home. A large master bedroom with adjoining walk in closet and master bath can be found upstairs while the second bedroom is on the main floor with bathroom nearby. High quality finishes including Brazilian teak hardwood floors, bamboo, travertine, a copper kitchen sink, and more abound in this home. There is a laundry room on

    14002 Hemlock 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
  • /34

    $2,645 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,970 Sq Ft
    • Beautiful Lake Wildwood Home with private back yard.

    12760 Golden Trout Way, Penn Valley, CA 95946

    This home features 3 bedrooms, 2.5 baths with Vaulted ceilings in living room and kitchen, fire place in living room and master bedroom, separate indoor laundry with 1/2 bath. Two bedrooms on one side of house and third bedroom on the other side of house. Central heat and air, Gas cook stove, walk in pantry and plenty of cabinet space. 2 car garage with workbench and additional parking to

    12760 Golden Trout Way, 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 $2,700 per month, though prices vary by neighborhood, size, and property type. As of May 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 $108,000 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 $2,700 per month in Penn Valley, CA, renters typically need to show $8,100 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 15.4, 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 in Penn Valley, CA

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$2,700
Median Single Family Home Rent
$2,700
How to Rent a Home