Studio Apartments for Rent in Penrose, CO (7 Rentals)

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Penrose, CO Local Guide

Largest Available Penrose and Nearby Studio Apartments

The largest available Studio apartment unit in Penrose, CO is found at Cheyenne Crest in the Cheyenne Hills neighborhood and is 546 square feet priced from $1,199. The Lookout at Broadmoor in the Stratton Meadows neighborhood has the second largest Studio, which is sized at 436 square feet and currently listed start at $1,025. Here is today’s list of the largest available Studio units in Penrose:

Apartment ListingModel NameSquare FootagePriced From
Cheyenne CrestEllen546 Sq Ft$1,199
The Lookout at BroadmoorStudio One Bathroom (S2)436 Sq Ft$1,025
Pueblo Regent Senior ApartmentsStudio418 Sq Ft$2,150

Cheapest Available Penrose and Nearby Studio Apartments

As of March 26, 2025 the lowest priced Studio apartment unit in Penrose, CO is the S1 Model starting from $989 at Cottages at Mesa Ridge in the The Heights at Cross Creek neighborhood. The second most affordable Penrose Studio is the Studio One Bathroom (S1) Model at The Lookout at Broadmoor starting at $1,030 in the Stratton Meadows neighborhood. The average price for all Studio apartments in Penrose is currently $1,253. Here is today’s list of the cheapest available Studio options in Penrose:

Apartment ListingModel NamePriced From
Cottages at Mesa RidgeS1$989
The Lookout at BroadmoorStudio One Bathroom (S1)$1,030
Cheyenne CrestEllen$1,199

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Getting Around Penrose, CO

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Studio Penrose Apartments

What is the Cheapest apartment in Penrose with Studio?

Currently the most affordable Studio in Penrose is at Cottages at Mesa Ridge listed at $989.

How much is the average rent for a Studio Penrose Apartment?

The average rent for a Studio Apartment in Penrose is $1,253.

What is the largest available Studio Penrose Apartment for rent?

Today's apartment with the most square footage in Penrose is a 546 square feet unit starting from $1,199 at Cheyenne Crest.

What is the average size for Penrose Studio Apartments for rent?

The average size for a Studio rental in Penrose is currently 456 sq ft.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.

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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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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

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.