Cheap Apartments for Rent in Penrose, CO from $600 (28 Rentals)

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Belmont Heights
1 to 3 Bedroom Apartments

Belmont Heights

1408 E 21st StPueblo, CO 81001
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Broadmoor Springs
1 to 2 Bedroom Apartments

Broadmoor Springs

420 E Cheyenne Mountain BlvdColorado Springs, CO 80906
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Penrose, CO Local Guide

Cheapest Available Penrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penrose, CO is a 1 Bed unit found at Skyview priced from $699. Willowbrook Apartments in the Stratton Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here is today’s list of the most affordable Penrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Skyview1x1_4241BR,1BA$699
Willowbrook ApartmentsStudioStudio,1BA$825
Stonegate Village ApartmentsTop Floor3BR,2BA$845
Baltimore Heights1 Bed, 1 Bath1BR,1BA$850
Shores at LakeviewA11BR,1BA$899
Kona KaiOne Bedroom1BR,1BA$900
Cottages at Mesa RidgeS1Studio,1BA$1,000
Broadmoor Park TerraceKaloSolo1BR,1BA$1,045
25 BroadmoorStratusStudio,1BA$1,125
WildridgeA-1-A1BR,1BA$1,150

Best Value Apartments for Rent in Penrose, CO and Nearby

As of February 27, 2025 the best value apartment in the Penrose area is the $1.54 price per square foot Spruce Model at Bonterra Lakeside Apartments in the in the Stratton Meadows neighborhood starting from $1,799. The second greatest value Penrose apartment is the Top Floor Model at Stonegate Village Apartments starting at $845 with a $0.74 price per square foot . Here is today’s list of the best values for Penrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bonterra Lakeside ApartmentsSpruce2BR,2BA$1.54
Stonegate Village ApartmentsTop Floor3BR,2BA$0.74
North Ridge Heights3 bedroom3BR,2BA$1.36
Pines at BroadmoorPonderosa2BR,2BA$1.69
Westmeadow Peaks2 Bedroom2BR,1BA$1.45
The Lookout at BroadmoorOne Bedroom One Bathroom (A3)1BR,1BA$1.70
WildridgeA-1-A1BR,1BA$1.70
Broadmoor Park TerraceKaloSolo1BR,1BA$1.69
Baltimore Heights1 Bed, 1 Bath1BR,1BA$1.42
Skyview1x1_4241BR,1BA$1.65

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Getting Around Penrose, CO

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Cheapest Studio apartment in Penrose?

Currently the most affordable Cheap Studio Apartment in Penrose is at Willowbrook Apartments listed at $825.

How much is rent for a Cheap One Bedroom Penrose Apartment?

The lowest price for a Cheap One Bedroom Penrose Apartment is $699 at Skyview.

What is the lowest price for a Cheap Two Bedroom Penrose Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penrose is starting from $1,000 at Skyview.

What is the most affordable Penrose Three Bedroom Apartment?

The best deal on a cheap Penrose Three Bedroom Apartment rental is at Stonegate Village Apartments and starts from $845.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

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When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.