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Penrose

327 W Tremont Ave, Charlotte, NC 28203

Floor Plan Summary
Monthly Rent Bedrooms Bathrooms
$1,606 - $5,189 Studio - 2 1 - 2
View Fees and Policies

Rent Specials

Welcome Home to The Penrose this Fall! Step into the new season with a fresh start in South-End when you lease one of our selected floorplans and move-in by 11/15! Receive One Month Free Base Rent! *Minimum term & restrictions apply. Additional costs & fees excluded.

Pricing and Floor Plans

S1

$1,606 - $5,189
Studio, 1 Bath
574 Sq. Ft.

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Dec. 13
Unit
Price
Sq. Ft.
Available
166
$1,666
574
12/13/25
149
$1,606
574
12/22/25

A2

$1,624 - $2,665
1 Bed, 1 Bath
658 - 696 Sq. Ft.

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5 Rentals Available
Unit
Price
Sq. Ft.
Available
161
$1,638
680
Now
447
$1,662
669
Now
181
$1,624
659
Now

A1

$1,739 - $2,503
1 Bed, 1 Bath
645 - 743 Sq. Ft.

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Nov. 9
Unit
Price
Sq. Ft.
Available
368
$1,781
645
11/9/25
468
$1,889
645
11/10/25
422
$1,809
695
12/15/25

A3

$1,787 - $2,503
1 Bed, 1 Bath
723 Sq. Ft.

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4 Rentals Available
Unit
Price
Sq. Ft.
Available
144
$1,802
723
Now
133
$1,804
723
11/11/25
118
$1,787
723
11/22/25

B4LW

$2,658 - $3,457
1 Bed, 1 Bath
1,136 Sq. Ft.

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
182
$2,658
1,136
Now
190
$2,800
1,136
11/16/25

A4

$2,137 - $2,934
1 Bed, 1 Bath
798 Sq. Ft.

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Jan. 2
Unit
Price
Sq. Ft.
Available
411
$2,137
798
1/2/26

B4

$2,651 - $4,258
2 Beds, 2 Baths
1,124 Sq. Ft.

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
489
$2,651
1,093
Now
202
$2,797
1,108
11/22/25

B3

$2,498 - $3,577
2 Beds, 2 Baths
1,025 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
398
$2,498
1,025
Now

B2

$2,523 - $3,613
2 Beds, 2 Baths
1,075 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
116
$2,523
1,080
Now

B1

$2,690 - $4,100
2 Beds, 2 Baths
1,059 Sq. Ft.

Show Floor Plan Details

Nov. 22
Unit
Price
Sq. Ft.
Available
421
$2,690
1,064
11/22/25
* Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

Details

Lease Term Options

  • 3 - 15 Month Leases

Property Information

  • Built in 2018
  • 350 units / 4 stories

Fees and Policies

Rent Estimate
Cost Calculator: Estimate your monthly and one-time fees.View More

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Utilities & Essentials

  • Utility - Electric - Third Party
    Varies
  • Utility - Billing Administrative Fee
    $3.75 / mo
  • Pest Control Services
    $6 / mo
  • Trash Services - Hauling
    $43 / mo
  • Utility - Water/Sewer
    Varies

One-Time Basics

Due at Application

  • Application Fee
    $85 one-time
  • Administrative Fee
    $250 one-time

Due at Move-In

  • Security Deposit (Refundable)
    $250 one-time
  • Access Device
    $25 one-time

Due at Move-Out

Property Fee Disclaimer: Security Deposit may change based on screening results, but total will not exceed legal maximums. Some items may be taxed under applicable law. Some fees may not apply to rental homes subject to an affordable program. All fees are subject to application and/or lease terms. Prices and availability subject to change. Resident is responsible for damages beyond ordinary wear and tear. Resident may need to maintain insurance and to activate and maintain utility services, including but not limited to electricity, water, gas, and internet, per the lease. Additional fees may apply as detailed in the application and/or lease agreement, which can be requested prior to applying. Pet breed and other pet restrictions apply. Parking, storage, and other rentable items are subject to availability. Final pricing and availability will be determined during lease agreement. See Leasing Agent for details.

Matterport 3D Tours

Property Highlights

  • Spacious kitchen islands with quartz counterops
  • Balcony
  • Cable
  • Ceiling Fan
  • Disposal
  • Fire-pit courtyard
  • Full-size washers and dryers
  • Gaming Lounge
  • Lofty 9-foot ceilings
  • Resort-Inspired Pool with In-water Tanning Ledge

Apartment Features

  • Air Conditioning
  • Attic
  • Balcony
  • Ceiling Fans
  • Dishwasher
  • Disposal
  • Double Vanities
  • Freezer
  • Granite Countertops
  • Heating

Community Features

  • 24 Hour Access
  • Bicycle Storage
  • Business Center
  • Clubhouse
  • Community-Wide WiFi
  • Controlled Access
  • Courtyard
  • Disposal Chutes
  • Dog Park
  • Elevator

Map of Penrose

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Neighborhood Scores

Walk Score ®

Very Walkable87 / 100

Transit Score ®

Good Transit51 / 100

Bike Score ®

Bikeable55 / 100

Soundscore

Active75 / 100

Transit

Subway
East/West
2 min Drive
Charlotte Area Transit System
Subway
New Bern
3 min Drive
Charlotte Area Transit System
8 min Drive
Amtrak
Airport
Charlotte/Douglas International
14 min Drive
Charlotte Douglas International
Airport
Concord-Padgett Regional
29 min Drive

Moving to Brookhill, Charlotte, NC

Shopping Centers

Shoppers will appreciate Penrose proximity to Steel Yard, Atherton Mill, and The Avenues at Atherton. Steel Yard is 0.4 miles away, and Atherton Mill is within a 7 minute walk.

Commuting

With a TransitScore of 51, Penrose has good transit, including 8 transit stops within 29.4 miles. Transit options include East/West and Bland Street.

Parks and Recreation

Recreational activities near Penrose are plentiful. Discover 4 parks within 4.1 miles, including Discovery Place, Charlotte Nature Museum, and Wing Haven Gardens & Bird Sanctuary.

Airports

Living in Brookhill provides easy access to Charlotte/Douglas International, located just 13 minutes from Penrose. Another nearby airport is Concord-Padgett Regional, located 18.6 miles away.

Local Education

Primary and Secondary Schools

9 rating

Dilworth Elementary

Grades 3-5

Public

undefined rating

Sedgefield Elementary

Grades PK-2

Public

4 rating

Sedgefield Middle

Grades 6-8

Public

9 rating

Myers Park High

Grades 9-12

Public

undefined rating

Oasis Performing Arts School

Grades K-12

Private

undefined rating

Victory Christian Center School

Grades PK-12

Private

Data provided by GreatSchools.org 2024 © 2024. All rights reserved.

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Colleges and Universities

School

Commute Time (Distance)

Johnson & Wales U., Charlotte

Drive: 4 min (2.3 mi)

Central Piedmont C.C., Central

Drive: 6 min (2.9 mi)

Queens University of Charlotte

Drive: 8 min (3 mi)

Johnson C Smith University

Drive: 7 min (3.7 mi)

About Penrose

The Penrose welcomes you to a distinctive sanctuary where you can find yourself and lose yourself in the industrial charm and culture of Charlottes blooming South End neighborhood. Our collection of studio, 1- and 2-bedroom apartment homes offers... thoughtfully sourced features and carefully curated amenities tailored to your lifestyle. With nearby access to the Charlotte Rail Trail, The Penrose is moments from local shops, gathering spots, gallery walks, local history and South End shopping and dining.

Penrose is an apartment community

Greystar

Contact

Property Address:
327 W Tremont Ave,
Charlotte, NC 28203
Phone Number: (980) 990-3972
More Information:
View Property Website
Office Hours
  • Sunday1:00 PM - 5:00 PM
  • Monday9:00 AM - 6:00 PM
  • Tuesday9:00 AM - 6:00 PM
  • Wednesday9:00 AM - 6:00 PM
  • Thursday9:00 AM - 6:00 PM
  • Friday9:00 AM - 6:00 PM
  • Saturday10:00 AM - 5:00 PM

Renter Reviews

For Penrose

4.6

69 Ratings & Reviews

How Is This Rating Determined?

10/13/25

Verified Renter

Overall great place among the options and prices you’ll see around the area. Safe and secure from the parking to mail to apartment. Issues with pet owners not picking up after themselves and major garage issue- not enough spots for residents on their floor.

Review from Apartments.com

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Property Manager at Penrose responded to this review

Thank you for your feedback! We're glad to hear you feel great in your home and appreciate your recognition of the overall value we offer.
We understand your concerns about pet waste and parking. Please know that we are actively working to improve...
both areas. As we near full occupancy, parking availability has become more limited, but we have recently opened up additional spaces and continue to offer reserved parking options to guarantee a spot. Feel free to reach out to the leasing office for details on any current specials or to secure a reserved space.
Thank you again for being a valued member of our community!

10/10/25

Verified Renter

Recently moved in and can’t say enough amazing things about The Penrose. The staff is amazing and the maintenance and cleaning team does a great job at keeping the building clean.

Review from Apartments.com

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Property Manager at Penrose responded to this review

Hi, we're so glad that we were able to go above and beyond your expectations!

10/8/25

Verified Renter

I’ve lived at the Penrose for two years now and really love it! It’s the perfect location in South End and the building is always kept very clean. My favorite thing is how quick maintenance comes to fix something if needed. I’ve always had a great experience with all of the maintenance workers, but especially Hugo! He was so attentive and fixed something that I didn’t even realize needed fixing. He also brought my dog a toy which was really going above and beyond. Highly recommend living here!

Review from Apartments.com

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Property Manager at Penrose responded to this review

Hello, we strive for 100% satisfaction, and it is great to see you had such a positive experience at The Penrose. If you have any further questions, please don't hesitate to reach out!

10/7/25

Verified Renter

Great location
Lobby is a bit much in terms of the strong perfume like smell
Stairwells look like they need a good cleaning
Staff is nice!
Maybe check to see if people parking are supposed to be parking? First come first serve is great for the price but half the spots are compact so that is a big detail to take into account

Review from Apartments.com

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Property Manager at Penrose responded to this review

Your recommendation means so much to us and we're so happy to have earned it. Thank you again for taking the time to let the world know about your positive experience. Have a great day!

9/30/25

Be cautious when renting here

As a former resident and the guarantor parents, we wish we had looked more closely at resident reviews. The initial, in-person tour of The Penrose was great! Once we decided on this property, however, the management office became difficult to work with. We have now noticed other reviews mentioning they ignore repeated requests regarding security deposits & that is definitely our experience. As guarantors/business-owners doing the same business they do (e.g. leasing space in buildings to tenants)... , it's difficult to understand. The return deposit check is not that much money...it's truly the principle because withholding it is unethical and illegal. It also seems unusual that, as guarantors, they can demand such sensitive & personal information from you, request checks via overnight/express mail, take every rent payment directly out of your account and then refuse any communication with you because you are "not the leaseholder." When the family member who was the leaseholder tried to speak with them, they provided zero options to a problem. So, we submitted Durable Power of Attorney paperwork showing we are all legally able to discuss this lease with them. Then, we proactively provided a legal, written solution regarding the problem that was preventing them from reissuing the check. This was over two weeks ago. Three separate submittals. Zero response. Plus, several other attempts to rectify this over many months now. Under NC law, deposits must be returned within 30 days. Be aware of this when renting here.

Review from Apartments.com

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Property Manager at Penrose responded to this review

Dear Mrs. Duncan,
Thank you for your continued communication. Upon further review, I can confirm that the security deposit refund was issued and received. It was made out to the leaseholders of record, your daughter and her roommate, in accordance...
with the lease agreement. While we understand that the check was not in your name, as the guarantor and not a leaseholder, you are not the legal recipient of the refund under state law or our leasing policies.
We do occasionally encounter situations where parents or guarantors assume their adult children are still in student or college-sponsored housing. We completely understand how that can lead to confusion. However, The Penrose is a conventional housing community, and under standard leasing laws, all legal and financial matters are handled directly with the named leaseholders.
We did make efforts to see if the check could be modified, including reviewing the Durable Power of Attorney documentation you submitted. However, because the lease was jointly held, any refund must be issued to both residents listed on the lease, not to a guarantor or third party.
We understand your frustration, and while we are disappointed that you have chosen to share this matter on multiple public platforms, we truly had hoped for a more positive resolution. Our goal is always to support our residents and their families with professionalism and care. We are sorry that this outcome did not meet your expectations.
If either leaseholder needs further clarification or documentation, we are happy to assist them directly.

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