202 Odessa St
GoldsmithTX79741
Cheap Homes for Rent in Penwell, TX from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Penwell.
1501 N Texas Ave
OdessaTX79761
605 Wabash Ave
OdessaTX79761
4700 Boulder Dr
MidlandTX79707
1003 W 21st St
OdessaTX79763
3110 N Dixie Blvd
OdessaTX79762
4305 Buck Pl
OdessaTX79762
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Penwell, TX Local Guide
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How much does it cost to rent a home in Penwell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penwell 2 Bedroom Homes for Rent | $1,475 | $1,400 | $1,550 |
| Penwell 3 Bedroom Homes for Rent | $2,422 | $1,500 | $3,500 |
| Penwell 4 Bedroom Homes for Rent | $3,341 | $2,000 | $6,000 |
| Penwell 5 Bedroom Homes for Rent | $3,387 | $2,800 | $3,975 |
Browse Top Homes for Rent in Penwell
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Penwell, TX Local Guide
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Cheapest Available Penwell Apartments for Rent and Nearby
The cheapest available apartment rental in Penwell, TX is a 3 Beds unit found at ARBOR OAKS priced from $824. Trestles Condominiums has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Penwell apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| ARBOR OAKS | AO-3 | 3BR,2BA | $824 |
| Trestles Condominiums | One Bedroom | 1BR,1BA | $850 |
| Westwinds Village | 1/1, 519 sq ft | 1BR,1BA | $895 |
Best Value Apartments for Rent in Penwell, TX and Nearby
As of March 23, 2025 the best value apartment in the Penwell area is the $1.29 price per square foot Two Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,450. The second greatest value Penwell apartment is the AO-2 Model at ARBOR OAKS starting at $943 with a $0.87 price per square foot . Here is today’s list of the best values for Penwell apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Country Crest Townhomes | Two Bedroom Townhome | 2BR,1.5BA | $1.29 |
| ARBOR OAKS | AO-2 | 2BR,2BA | $0.87 |
| Village Place | 4 Bedroom | 4BR,1BA | $1.66 |
| Brady Station Apartments | The Vienna | 2BR,2BA | $1.42 |
| High Plains | A3 | 1BR,1BA | $1.63 |
| Cru Apartments | 1x1 | 1BR,1BA | $1.35 |
| Westwood Square | One Bedroom Apartment Home | 1BR,1BA | $1.24 |
| Madison Square | 1 Bedroom Apartment Home | 1BR,1BA | $1.68 |
| Ashford Odessa Square | 1X1 | 1BR,1BA | $1.53 |
| Alara | A1 | 1BR,1BA | $1.64 |
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Frequently Asked Questions about Penwell
What type of rentals are currently available in Penwell?
There are currently 34 Apartments for Rent in Penwell, TX with pricing that ranges from $700 to $2,300. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penwell ranging from $750 to $6,000.
What is the current price range for Rental Homes in Penwell?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penwell ranges from $750 to $6,000 with an average monthly rent of $2,275.
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.
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.
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.
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.