Penn Terrace Apartments' rent is income based and everyone's rent is different. We take into account your income (Social Security, pensions, annuities, alimony, etc.), your assets (checking, savings, CDs, money market accounts, stocks, bonds, life insurance, real estate, etc.) and your recurring medical expenses (insurance premiums, prescription co-pays, recurring monthly medical bills, etc.) to come up with what your rent will be. Your rent will be approximately 30% of your adjusted income.