The Penny

Rental Community

Exterior view of The Penny apartment community with modern architecture and covered entrance.

Resort-style outdoor pool with lounge seating and landscaped courtyard views.

Evening view of the resort-style pool and outdoor seating areas.

Landscaped courtyard with outdoor lounge seating and fire pit areas.

Elegant lobby with fireplace seating and upscale finishes at The Penny.

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Call Us: (443) 214-0407

Price range: $2,175 - $5,580 / mo
Total units: 175 (149 available for rent)
Managed by: Greystar
Age restrictions: 55+
Pets allowed: Yes
Gated: No

About The Penny

The Penny is an active adult rental community in Annapolis, Maryland. The community features apartment homes with modern finishes and a range of shared amenities, including a fitness center, outdoor pool, and co-working spaces.

Residents also have access to indoor and outdoor gathering areas designed for recreation and daily convenience. The Penny is located in Annapolis with access to nearby shopping, dining, and regional destinations.

Renters looking for apartments in Annapolis, Maryland will enjoy what The Penny has to offer.

The Penny Amenities

Residents of The Penny have access to a club lounge with a fireplace and communal gathering tables, a fitness center with a movement studio, a game room and library, a demonstration kitchen, co-working spaces, and a pet spa.

Outside, residents can enjoy a resort-style outdoor swimming pool with lounge seating and a courtyard with a grilling station.

Additional amenities include bike storage, a mail and package room with refrigeration, controlled building access, concierge services, and onsite garage parking.

The Penny Apartment Homes

The Penny offers studio, one-, two-, and three-bedroom apartment homes with a variety of layouts.

Apartment homes feature quartz countertops, stainless steel appliances, soft-close shaker cabinets, under-cabinet lighting, and wood-style flooring in living areas.

Additional features in some homes include kitchen islands, spa-inspired bathrooms with double vanities and shower benches, modular-style closets, and balconies or patios. Each home includes a full-size washer and dryer and keyless smart lock entry.

The Penny Lifestyle

Residents of The Penny benefit from a low-maintenance lifestyle thanks to a property management team that handles building operations and shared spaces.

With more free time, residents can spend time with family or pursue new hobbies. Residents can also enjoy shared spaces throughout the community, including gathering areas, fitness facilities, and outdoor amenities.

Annapolis, MD Area

The Penny is located in Annapolis, Maryland. This location places residents within reach of daily conveniences and regional destinations.

Residents of The Penny are conveniently located near grocery stores, including Whole Foods Market and Safeway. Pharmacy needs can be met at CVS, Safeway, and Walgreens.

The Penny is also close to multiple healthcare providers, including Medstar Health and First Medical Associates.

When looking for shopping and dining options, residents can explore nearby destinations such as Annapolis Town Center and Annapolis Mall, as well as commercial and waterfront districts throughout the Annapolis area that offer a variety of restaurants and entertainment.

Residents who want to spend time outdoors can visit nearby recreation areas such as Quiet Waters Park and Acton’s Cove Waterfront Park, which offer walking trails, waterfront access, and green space.

Annapolis offers access to regional destinations, including Baltimore and Washington, D.C. For longer travel, Baltimore/Washington International Thurgood Marshall Airport is located approximately 20 miles away.

The Penny Rental Experts

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Units for Rent in The Penny

$2,175 Base rent from $2,050

Studio |1 bath|529 sq ft

S1.1
$2,295 - $2,745 Base rent from $2,170

Studio |1 bath|566 sq ft

S1.2
$2,295 Base rent from $2,170

Studio |1 bath|566 sq ft

S1H
$2,335 - $2,685 Base rent from $2,210

1 bed|1 bath|537 sq ft

A6.1
$2,374 - $2,574 Base rent from $2,249

Studio |1 bath|497 sq ft

S1

Units for Rent in The Penny

$2,175 Base rent from $2,050

Studio |1 bath|529 sq ft

S1.1
$2,295 - $2,745 Base rent from $2,170

Studio |1 bath|566 sq ft

S1.2
$2,295 Base rent from $2,170

Studio |1 bath|566 sq ft

S1H
$2,335 - $2,685 Base rent from $2,210

1 bed|1 bath|537 sq ft

A6.1
$2,374 - $2,574 Base rent from $2,249

Studio |1 bath|497 sq ft

S1
$2,725 Base rent from $2,600

1 bed|1 bath|521 sq ft

A6
$2,758 - $3,208 Base rent from $2,633

1 bed|1 bath|684 sq ft

A2
$2,815 - $3,365 Base rent from $2,690

1 bed|1 bath|696 sq ft

A1.3
$2,860 Base rent from $2,735

Studio |1 bath|598 sq ft

S3
$2,885 - $3,335 Base rent from $2,760

1 bed|1 bath|667 sq ft

A1.1
$2,965 Base rent from $2,840

1 bed|1 bath|655 sq ft

A1
$2,965 - $3,215 Base rent from $2,840

1 bed|1 bath|688 sq ft

A1.2
$3,120 - $3,570 Base rent from $2,995

1 bed|1 bath|788 sq ft

A4
$3,190 - $3,640 Base rent from $3,065

1 bed|1 bath|780 sq ft

A1.5
$3,205 Base rent from $3,080

1 bed|1 bath|745 sq ft

A1.4
$3,275 Base rent from $3,150

1 bed|1 bath|684 sq ft

A1H
$3,324 - $3,774 Base rent from $3,199

2 beds|2 baths|914 sq ft

B1U
$3,425 - $3,875 Base rent from $3,300

1 bed|1 bath|843 sq ft

A5
$3,490 Base rent from $3,365

1 bed|1 bath|767 sq ft

A2.1
$3,598 Base rent from $3,473

2 beds|2 baths|935 sq ft

B6.1
$3,720 - $4,170 Base rent from $3,595

1 bed|1 bath|912 sq ft

A3
$3,725 - $4,175 Base rent from $3,600

2 beds|2 baths|1,000 sq ft

B1
$3,735 - $4,185 Base rent from $3,610

1 bed|1 bath|892 sq ft

A7
$3,785 - $4,235 Base rent from $3,660

1 bed|1 bath|931 sq ft

A8
$3,806 - $4,256 Base rent from $3,681

1 bed|2 baths|1,023 sq ft

A9 Den
$3,820 Base rent from $3,695

2 beds|2 baths|877 sq ft

B6
$3,837 - $3,937 Base rent from $3,712

2 beds|2 baths|1,032 sq ft

B1.1
$3,853 Base rent from $3,728

2 beds|2 baths|1,065 sq ft

B1.2
$3,935 - $4,185 Base rent from $3,810

2 beds|2 baths|1,060 sq ft

B11.1
$4,042 - $4,292 Base rent from $3,917

2 beds|2 baths|1,119 sq ft

B1H
$4,105 Base rent from $3,980

1 bed|1 bath|929 sq ft

A3.1
$4,128 - $4,578 Base rent from $4,003

2 beds|2 baths|1,115 sq ft

B2
$4,245 Base rent from $4,120

2 beds|2 baths|1,020 sq ft

B3
$4,495 Base rent from $4,370

1 bed|1 bath|1,032 sq ft

A1N
$4,851 - $5,101 Base rent from $4,726

2 beds|2 baths|1,293 sq ft

B7
$5,042 Base rent from $4,917

2 beds|2 baths|1,269 sq ft

B8
$5,043 Base rent from $4,918

2 beds|2 baths|1,405 sq ft

B12 Den
$5,134 Base rent from $5,009

2 beds|2 baths|1,381 sq ft

B8.1
$5,146 Base rent from $5,021

2 beds|2 baths|1,406 sq ft

B4.1
$5,183 Base rent from $5,058

2 beds|2 baths|1,445 sq ft

B10.1
$5,363 Base rent from $5,238

2 beds|2 baths|1,368 sq ft

B10
$5,505 - $5,580 Base rent from $5,380

2 beds|2 baths|1,380 sq ft

B5
$5,507 Base rent from $5,382

2 beds|2 baths|1,259 sq ft

B9

Showing 149 available units

Questions? Need more info?

Ask a question Call us: (443) 214-0407

Property Map

Click on any highlighted unit to see its pricing, availability, and other details.

Beds: Any

STUDIO

1 BEDROOM

2 BEDROOM

3 BEDROOM

Costs & Fees

Monthly costs & fees

Required

Internet Services $91
Utility - Water/Sewer Usage-Based (Utilities)
Utility - Electric - Third Party Usage-Based (Utilities)
Utility - Billing Administrative Fee $6
Renters Liability Insurance - Third Party Varies per leaseholder
Trash Services - Doorstep $25
Pest Control Services $3

Optional

Parking - Reserved $150
Pet Rent $50 / pet
Storage Space Rental $75 - $200
Renters Liability/Content - Property Program $14.50

One-time fees

Required

Application Fee $25 / applicant Due at application
Community Amenity Fee $1,000 Due at move-in
Utility - New Account Fee $17 Due at move-in
Utility - Final Bill Fee $17 Due at move-out
Holding Deposit (Refundable) $500 Due at application

Situational fees

Common Area/Clubhouse Rental Varies per occurrence
Early Lease Termination/Cancellation 200% of base rent
Insufficient Move-Out Notice Fee Varies per occurrence
Intra-Community Transfer Fee $500
Lease Violation - Trash $35
Legal/Eviction Fees Varies per occurrence
Renters Liability Only - Non-Compliance $10.75
Returned Payment Fee (NSF) $35
Utility - Vacant Processing Fee $50
Month-to-Month Fee $600
Trash Container - Replacement $25
Guest Suite Rental $250 / day
Access Device - Replacement $100
Late Fee 4.9900% of base rent

Total monthly leasing prices include base rent, all mandatory monthly fees and any user-selected optional fees. Excludes variable or usage-based fees and required charges due at or prior to move-in or at move-out.

Lease Terms & Policies

Lease Term

Contact property manager for details
Deposit and fees: Contact property manager for details

Pet Policy

Pets are allowed

Questions? Need more info?

Ask a question Call us: (443) 214-0407

The Penny Rental Experts

Want to learn more about The Penny?

55places has rental experts who can answer your questions, take you on a tour, and help you find the perfect home.

Get started today with your personalized 55+ search experience!

Global - Lead Form - Buyer Only

First Name

Last Name

Phone/Mobile

Text

Yes, I want to subscribe to email updates from 55places.com, including newsletters, community announcements, and more.

I agree to receive SMS messages to connect me with a local expert.

*55places does not provide or maintain community HOA information.

Models in The Penny

S1.2 - Apartment Homes

Bed

1 Bath

566 Sq Ft

A3.1 - Apartment Homes

1 Bed

1 Bath

929 Sq Ft

Amenities

Clubhouse/Amenity Center
Multipurpose Room
Fitness Center
Lounge
Hobby & Game Room
Demonstration Kitchen

Lifestyle

Billiards
Board & Card Games
Business Mixer
Community Events
Fitness Classes
Swimming

Reviews

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The Penny FAQs

What kinds of homes are available in The Penny?

In The Penny, there are apartments.

What types of amenities are available at The Penny?

At The Penny, you can enjoy amenities such as the Business Center, Lounge, Fitness Center, Demonstration Kitchen, Clubhouse/Amenity Center, Outdoor Patio, Billiards, Multi-Purpose/Meeting Rooms, Bikes/Bike Storage/Bike Rentals, and Outdoor Pool.

Is The Penny suitable for people who want an active lifestyle?

Yes! Residents enjoy an active lifestyle by participating in a variety of social clubs and special interest groups. These include Billiards, Board & Card Games, Business Mixer, Community Events, Fitness Classes, Swimming, and Yoga.

The Penny Rental Experts

Want to learn more about The Penny?

55places has rental experts who can answer your questions, take you on a tour, and help you find the perfect home.

Get started today with your personalized 55+ search experience!

Global - Lead Form - Buyer Only

First Name

Last Name

Phone/Mobile

Text

Yes, I want to subscribe to email updates from 55places.com, including newsletters, community announcements, and more.

I agree to receive SMS messages to connect me with a local expert.

*55places does not provide or maintain community HOA information.

Unit	Total Price	Base Rent	Lease Term	Availability

The Penny - Annapolis, MD

About The Penny

The Penny Amenities

The Penny Apartment Homes

The Penny Lifestyle

Annapolis, MD Area

The Penny Rental Experts

Units for Rent in The Penny

Units for Rent in The Penny

Property Map