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There are many cheap, decent apartments in Penacook. It's a quiet, nice little town (technically part of Concord) with nothing going on ever, but it's just a short drive to Concord, and since it's to the north of the city it's closer to where you'll be working. There are some trashy apartment buildings on Fisherville Rd. to avoid but there are great ones throughout the rest of the town, and what's nice is that the good ones are isolated and in wooded areas.