2 Bedroom Apartments for Rent in Penwell, TX (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
Village Place
2 Bedroom Apartments

Village Place

1220 Adams AveOdessa, TX 79761
  • Utilities Included
close
View Me
High Plains
2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
close
View Me
Alturas Penbrook
2 Bedroom Apartments

Alturas Penbrook

3965 Penbrook StOdessa, TX 79762
  • Utilities Included
Showing Results 1-34, Page 1 of 1

Penwell, TX Local Guide

Largest Available Penwell and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Penwell, TX is found at Madison Square and is 1,200 square feet priced from $1,650. Advenir at Legado Ranch has the second largest 2 Bedroom, which is sized at 1,195 square feet and currently listed start at $1,799. Here is today’s list of the largest available 2 Bedroom units in Penwell:

Apartment ListingModel NameSquare FootagePriced From
Madison Square2 Bedroom Apartment Home1,200 Sq Ft$1,650
Advenir at Legado RanchJane1,195 Sq Ft$1,799
SUNSET LODGEB41,149 Sq Ft$1,675
Country Crest TownhomesTwo Bedroom Townhome1,120 Sq Ft$1,600
ARBOR OAKSAO-21,080 Sq Ft$943
Latitude 31°2x2 Admiral1,071 Sq Ft$1,915
Cimarron Place ApartmentsD1,021 Sq Ft$1,350
Brookview2 Bedroom Apartment Home900 Sq Ft$1,279
Westwinds Village2x2 Corporate Fully Furnished Utilities inclu880 Sq Ft$1,250
Trestles Condominiums2 Bedroom W/D Connection866 Sq Ft$1,200

Cheapest Available Penwell and Nearby 2 Bedroom Apartments

As of March 27, 2025 the lowest priced 2 Bedroom apartment unit in Penwell, TX is the AO-2 Model starting from $943 at ARBOR OAKS . The second most affordable Penwell 2 Bedroom is the 2X1 Model at Ashford Odessa Square starting at $1,049 . The average price for all 2 Bedroom apartments in Penwell is currently $1,517. Here is today’s list of the cheapest available 2 Bedroom options in Penwell:

Apartment ListingModel NamePriced From
ARBOR OAKSAO-2$943
Ashford Odessa Square2X1$1,049
AlaraB1$1,129
Trestles Condominiums2 Bedroom W/D Connection$1,200
University GardensB1$1,200
Alturas PenbrookElevate$1,240
Westwinds Village2/2, 880 sq ft$1,250
Sunset2 Bedroom Apartment Home$1,259
Brookview2 Bedroom Apartment Home$1,279
Madison Square2 Bedroom Apartment Home$1,350

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Penwell, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Penwell, TX

View MapPenwell, TX Apartments MapView MapPenwell, TX Rental Homes Map

Frequently Asked Questions about 2 Bedroom Penwell Apartments

How much is the average rent for a 2 Bedroom Penwell Apartment?

The average rent for a 2 Bedroom Apartment in Penwell is $1,517.

What is the largest available 2 Bedroom Penwell Apartment for rent?

Today's apartment with the most square footage in Penwell is a 1,200 square feet unit starting from $1,650 at Madison Square.

What is the average size for Penwell 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Penwell is currently 0 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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.