Penybont (also sometimes spelled Pen-y-Bont) is a small village and community in Radnorshire, Powys, Wales.

The village is served by Pen-y-Bont railway station on the Heart of Wales line.

It has an eighteenth-century coaching inn called the Severn Arms.

The village also has a restored shop/museum/gallery called Thomas's Shop where there is a wool and weaving exhibition and workshop.

The village hall hosts many activities and Penybont Football Club plays its matches on the race course ground.