902 S Highland St
ArlingtonVA22204
Cheap Homes for Rent in Penrose Neighborhood of Arlington, VA from $2,800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Penrose area of Arlington.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
208 S Veitch St
ArlingtonVA22204
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
1804 9th St S
ArlingtonVA22204
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Penrose, Arlington, VA Local Guide
How much does it cost to rent a home in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose 2 Bedroom Homes for Rent | $3,025 | $2,850 | $3,200 |
| Penrose 3 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
| Penrose 4 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of Arlington, VA.
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Penrose, Arlington, VA Local Guide
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Best Value Apartments for Rent in Penrose, VA
As of May 18, 2025 the best value apartment in the Penrose area is the $2.72 price per square foot 2 Bedroom Model at Dorchester Towers Apartments in the in the Ashton Heights neighborhood starting from $2,610. The second greatest value Penrose apartment is the A1 - Renovated Model at Columbia Crossing starting at $2,283 with a $3.00 price per square foot in the Cherrydale neighborhood. Here is today’s list of the best values for Penrose apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dorchester Towers Apartments | 2 Bedroom | 2BR,1BA | $2.72 |
| Columbia Crossing | A1 - Renovated | 1BR,1BA | $3.00 |
| 2121 Columbia Pike | 9 | 1BR,1BA | $2.82 |
| Wellington | 1 Bed/1 Bath - A1D | 1BR,1BA | $2.42 |
| Penrose Apartments | 1B-B | 1BR,1BA | $2.75 |
| Walter Reed Apartments | 1BR/1.0BA | 1BR,1BA | $2.57 |
| Three Collective | A1-1 WDU | 1BR,1BA | $3.44 |
| Siena Park | a12 | 1BR,1BA | $3.22 |
| Fillmore Garden Apartments | 1 Bedroom Renovated | 1BR,1BA | $2.35 |
| Dorchester Apartments | Studio | Studio ,1BA | $2.50 |
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Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 57 Apartments for Rent in Penrose, VA with pricing that ranges from $1,325 to $10,250. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $2,850 to $4,500.
What is the current price range for Rental Homes in Penrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penrose ranges from $2,850 to $4,500 with an average monthly rent of $3,908.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.