1 Bedroom
1 Bedroom • 1 Bath
Starting at $1,600/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 0de09b05-ce40-11ec-9c3c-060b45a60038 | $1,600 | — | Jun 10 |
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720 Penn Ave Unit 2
$1,600/mo
- 1 bedroom
- 1 bath
- 1 unit available
As of October 14, 2026, 720 Penn Ave Unit 2 in Atlanta, GA has 1 apartment for rent at $1,600/mo.
Floor plans
720 Penn Ave Unit 2 has 1 unit available in 1 floor plan: a one-bedroom layout. Prices checked October 14, 2026.
See all 1 units listed at 720 Penn Ave Unit 2, including ones no longer available.
Cost to rent here
At 720 Penn Ave Unit 2, a one-bedroom starts at about $1,883 a month all-in: $1,600 rent and an estimated $283 for electric, gas, water, internet, renters insurance, and laundry.
All-in from$1,883/mo
Estimates are local averages, not quotes from the property.
Can you afford it?
Most landlords ask for a monthly income of about 3× the rent, so qualifying at 720 Penn Ave Unit 2 takes about $57,600 a year for a one-bedroom. Keeping the $1,883 all-in month for a one-bedroom within 35% of take-home pay takes an income of about $85,800 a year.
Total monthly housing cost
$1,883/mo
Income to afford it comfortably
$85,800/yr
Income to qualify
$57,600/yr
Your estimated budget
$ —/mo
See what you can afford here
Add your income and debts for a rent budget at this building.
Rent history
Over the past year, the average asking rent at 720 Penn Ave Unit 2 has ranged from $1,600 to $1,800. The current average is $1,600, the lowest in the past year.
Prices reflect the average advertised rent across units listed as available each day (27 days observed).
Fees & lease terms
At 720 Penn Ave Unit 2, the security deposit is $1,600.
Rent
$1,600/moSecurity deposit
$1,600Earliest move-in
Jun 10
Location
720 Penn Ave Ne, Atlanta, GA, 30308
Getting around
720 Penn Ave Unit 2 is very walkable and bikeable, and transit is limited.
- Walking
- Very walkable
- Grade A
- Transit
- Limited
- Grade D
- Biking
- Bikeable
- Grade C+
Climate and air quality
Air quality near 720 Penn Ave Unit 2 was good on 122 of the past 365 days, and at its worst in August (average AQI 64, moderate). Daily highs averaged 90°F in July, the warmest month, and lows averaged 35°F in January, the coldest.
Air quality
122 good-air days
of the past 365: Moderate, AQI 79
Temperature
90° / 35°
average July high / January low: 86° high, 57° low
Pollen
Moderate
Oct 14–18 forecastTree: very low, grass: very low, weed: moderate
| Month | Average high | Average low | Average AQI | Good-air days |
|---|---|---|---|---|
| January | 52°F | 35°F | 58 (moderate) | 13 of 31 |
| February | 59°F | 40°F | 53 (moderate) | 15 of 28 |
| March | 71°F | 49°F | 53 (moderate) | 11 of 31 |
| April | 78°F | 56°F | 55 (moderate) | 10 of 30 |
| May | 79°F | 61°F | 53 (moderate) | 9 of 31 |
| June | 85°F | 68°F | 56 (moderate) | 6 of 30 |
| July | 90°F | 73°F | 63 (moderate) | 4 of 31 |
| August | 90°F | 71°F | 64 (moderate) | 0 of 31 |
| September | 88°F | 68°F | 60 (moderate) | 7 of 30 |
| October | 74°F | 56°F | 48 (good) | 19 of 31 |
| November | 65°F | 45°F | 47 (good) | 18 of 30 |
| December | 56°F | 37°F | 59 (moderate) | 10 of 31 |
About this property
Half Off 1st Month! Midtown Studio Walking Distance to Piedmont Park! At the corner of Penn Ave and 4th St, this studio condo is located in one of the most sought-after areas in Atlanta! Being mere minutes from I-75/85, this property not only allows for easy access in and around the city, but its location also provides countless walkable options for shopping, dining, and recreation such as Piedmont Park, shops and restaurants at Ponce City Market, the Atlanta BeltLine, the Fox Theatre, the famous Mary Mac's Tearoom, Papi's Cuban Grill, Torched Hop Brewing Company, and the Vortex Burger Bar just the name a few. This studio also features hardwoods throughout, a kitchen with with plenty of cabinet and countertop space, a gorgeous backsplash, stainless-steel appliances, a spacious bedroom/living area, a beautifully updated bathroom with a subway tiled stand in shower and designer flooring, a large and private balcony/deck with French doors, and off-street parking. **This Unit is Not Furnished** The Highland Residential Group, LLC (470) 758-9228 Leasing@HighlandResidentialGroup.com www.HighlandResidentialGroup.com
Nearby schools
The closest school to 720 Penn Ave Unit 2 is Renaissance Learning Center, a private preschool 0.5 miles away.
| School | Type | Level | Distance |
|---|---|---|---|
Renaissance Learning Center Private · Preschool | Private | Preschool | 0.5 mi |
The Children's Center at All Saints Private · Preschool | Private | Preschool | 0.5 mi |
Premier Academy Private · Preschool | Private | Preschool | 0.6 mi |
Atlanta New Century School Private · Elementary | Private | Elementary | 0.7 mi |
Peachtree Summit Chld Care Center Private · Preschool | Private | Preschool | 0.8 mi |
Atlanta First Day School Private · Preschool | Private | Preschool | 0.8 mi |
Bright Generations Dc-Downtn Private · Preschool | Private | Preschool | 0.8 mi |
Cristo Rey Atlanta Jesuit High School Private · High | Private | High | 1.0 mi |
Contact & management
720 Penn Ave Unit 2 is managed by ShowMeTheRent.com. The leasing office's phone number is (678) 788-7826x7.
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