Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penrose area of Saint Louis.

St. Louis's Best Affordable Neighborhoods

Learn about St. Louis and the best places to live with original content written by our St. Louis, MO Local Expert Taryn Shorr-Mckee

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Stratford Manor
1 to 2 Bedroom Apartments

Stratford Manor

4000 Peyton LnSt. Louis, MO 63120
Senior Living
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Hyde Park Village
1 to 2 Bedroom Apartments

Hyde Park Village

4040 Peck StSt. Louis, MO 63107
Senior Living
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PT Bosley Estates
1 Bedroom Apartments

PT Bosley Estates

4500 Mary AveSt. Louis, MO 63107
Senior Living
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San Remo Apartments
1 to 4 Bedroom Apartments

San Remo Apartments

848 N Kingshighway BlvdSt. Louis, MO 63108
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Archway Commons
1 to 2 Bedroom Apartments

Archway Commons

2707 Rauschenbach AveSt. Louis, MO 63106
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Calvary Apartments
1 Bedroom Apartments

Calvary Apartments

5239 W Florissant AveSt. Louis, MO 63115
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Griot Apartments
1 Bedroom Apartments

Griot Apartments

2505 Saint Louis AveSt. Louis, MO 63106
Showing Results 1-37, Page 1 of 1

Penrose, St. Louis, MO Local Guide

Cheapest Available Penrose Apartments for Rent

 

The cheapest available apartment rental in the Penrose area of St. Louis, MO is a 2 Beds unit found at Coronado Place and Towers priced from $489. The Regency at Saint Louis has the second lowest priced unit, which is a Studio apartment currently listed from $672. Here are the most affordable Penrose apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
Coronado Place and TowersThe Topaz2BR,1BA$489
The Regency at Saint LouisStudioStudio,1BA$672
Fairgrounds Park Place Apartments*The Cypress1BR,1BA$680
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$775
The Savoy1 Bed / 1 Bath - Compact Option1BR,1BA$800
College Hill ApartmentsGarden Style Apartment2BR,2BA$850
The Reserve at Heritage2 Bed Garden Large2BR,1BA$869
The Ambassador (The Stetson)Studio / 1 Bath - Value OptionStudio,1BA$900
Convent Gardens ApartmentsEfficiencyStudio,1BA$911

Best Value Apartments for Rent in Penrose, MO

As of April 14, 2025 the best value apartment in the Penrose area is the $1.54 price per square foot Penthouse, 2 Bedroom 2 Bath - EMB809 Model at CWE in the in the Cheltenham neighborhood starting from $3,149. The second greatest value Penrose apartment is the 2026 E Adelaide Ave Model at 2026 E Adelaide Ave, Unit Downstairs starting at $1,100 with a $0.76 price per square foot in the Lewis Place neighborhood. 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.
CWEPenthouse, 2 Bedroom 2 Bath - EMB8092BR,2BA$1.54
2026 E Adelaide Ave, Unit Downstairs2026 E Adelaide Ave2BR,1BA$0.76
5126 Lexington Ave, Unit 25126 Lexington Ave2BR,1BA$0.75
2142 Farrar St, Unit A2142 Farrar St2BR,1BA$0.94
College Hill Apartments1425 Grand2BR,2BA$0.85
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$0.82
The Reserve at Heritage2 Bed Garden2BR,1.5BA$1.07
The Savoy1 Bed / 1 Bath - Standard Option1BR,1BA$1.85
Fairgrounds Park Place Apartments*The Cypress1BR,1BA$1.19
The Regency at Saint LouisStudioStudio ,1BA$1.58

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Pet Friendly Lifestyle
Penrose, Saint Louis, MO

Ranked #81

Among neighborhoods in Saint Louis, MO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Penrose, Saint Louis, MO

School data provided by Great Schools

Getting Around the Penrose Neighborhood in Saint Louis, MO

Walk Score®

64 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

48 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

40 / 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 a cheap apartment in Penrose?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penrose is under $911.

What is the price of a cheap apartment in Penrose?

The cheapest apartment in Penrose is Fairgrounds Park Place Apartments which is listed at $680, while the average apartment in Penrose costs $1,568.

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 120 regular apartments in Penrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Penrose?

Cheap apartments in Penrose have an average cost of $1,293 which is $275 cheaper than the average rent for all rentals in Penrose.

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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A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis

Written by: Taryn Shorr-Mckee

I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

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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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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.