
Cheap Apartments for Rent in the Penrose Neighborhood of El Paso, TX from $300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penrose area of El Paso.


La Hacienda Apartments

Valley Place Apartments

Sunset Vista Seniors

Southview

Tigua Village
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.
Penrose, El Paso, TX Local Guide

How much does it cost to rent an apartment in Penrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penrose Studio Apartments | $672 | $650 | $695 |
Penrose 1 Bedroom Apartments | $999 | $555 | $1,640 |
Penrose 2 Bedroom Apartments | $1,106 | $664 | $1,477 |
Penrose 3 Bedroom Apartments | $1,336 | $946 | $2,075 |
Penrose 4 Bedroom Apartments | $1,133 | $1,133 | $1,133 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of El Paso, TX.
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Penrose, El Paso, TX Local Guide
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Cheapest Available Penrose Apartments for Rent
 The cheapest available apartment rental in the Penrose area of El Paso, TX is a 1 Bed unit found at Tigua Village priced from $799. Southview has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Penrose apartments for rent in El Paso, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Tigua Village | One Bedroom B | 1BR,1BA | $799 |
Southview | 1BR/1BA | 1BR,1BA | $799 |
Paso Este | 2x1 - 625 | 2BR,1BA | $810 |
Valley Place Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $845 |
San Marcos Apartment Homes | Azalea Suit | 1BR,1BA | $854 |
Best Value Apartments for Rent in Penrose, TX
As of April 24, 2025 the best value apartment in the Penrose area is the $1.32 price per square foot B3 Model at Castilleja Apartments in the in the Ascarate neighborhood starting from $1,370. The second greatest value Penrose apartment is the 2 Beds, 1 Baths Model at Amber Sky Estates starting at $1,025 with a $1.13 price per square foot in the Ascarate 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. |
---|---|---|---|
Castilleja Apartments | B3 | 2BR,2BA | $1.32 |
Amber Sky Estates | 2 Beds, 1 Baths | 2BR,1BA | $1.13 |
Villas at Zaragosa | Riverway | 1BR,1BA | $1.33 |
Paseo Park Apartments | 2 Bedroom | 2BR,1BA | $1.10 |
The Meadows | Two Bedroom | 2BR,1BA | $1.03 |
Bella Vista Place Apartments | 2 Bed, 1 Bath | 2BR,1BA | $1.32 |
Valley Place Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1.14 |
La Hacienda Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.24 |
Spanish Villas | 1 Bedroom | 1BR,1BA | $1.46 |
Paso Este | 2x1 - 625 | 2BR,1BA | $1.30 |
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Pet Friendly LifestylePenrose, El Paso, TX
Ranked #81
Among neighborhoods in El Paso, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Penrose Neighborhood in El Paso, TX
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
33 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Penrose Apartments
What is the price of a cheap apartment in Penrose?
The cheapest apartment in Penrose is Tigua Village which is listed at $799, while the average apartment in Penrose costs $1,459.
What types of apartments are the cheapest in Penrose?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 22 regular apartments in Penrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.