Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (38 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Stratford Manor
1 to 2 Bedroom Apartments

Stratford Manor

4000 Peyton LnSt. Louis, MO 63120
Senior Living

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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

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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Griot Apartments
1 Bedroom Apartments

Griot Apartments

2505 Saint Louis AveSt. Louis, MO 63106
Showing Results 1-38, 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 Studio unit found at The Regency at Saint Louis priced from $672. Coronado Place and Towers has the second lowest priced unit, which is a 3 Beds apartment currently listed from $679. Here are the most affordable Penrose apartments for rent in St. Louis, MO:

Apartment ListingModel NameBed/BathPriced From
The Regency at Saint LouisStudioStudio,1BA$672
Coronado Place and TowersThe Scott3BR,1BA$679
Fairgrounds Park Place Apartments*The Cypress1BR,1BA$680
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$765
The Savoy1 Bed / 1 Bath - Compact Option1BR,1BA$800
College Hill Apartments2 Bedroom Townhouse2BR,1BA$850
The Reserve at Heritage2 Bed Garden Large2BR,1BA$869
The Ambassador (The Stetson)Studio / 1 Bath - Value OptionStudio,1BA$900

Best Value Apartments for Rent in Penrose, MO

As of May 13, 2025 the best value apartment in the Penrose area is the $0.82 price per square foot 4472 Enright Ave Model at 4472 Enright Ave, Unit 4472A enright in the in the Cheltenham neighborhood starting from $1,275. The second greatest value Penrose apartment is the 2026 E Adelaide Ave Model at 2026 E Adelaide Ave, Unit Downstairs starting at $1,025 with a $0.71 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.
4472 Enright Ave, Unit 4472A enright4472 Enright Ave3BR,1BA$0.82
2026 E Adelaide Ave, Unit Downstairs2026 E Adelaide Ave2BR,1BA$0.71
5126 Lexington Ave, Unit 25126 Lexington Ave2BR,1BA$0.75
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.95
College Hill Apartments2 Bedroom Townhouse2BR,1.5BA$0.83
3103 N Taylor Ave, Unit 2nd Floor3103 N Taylor Ave2BR,1BA$1.06
The Reserve at Heritage2 Bed Garden2BR,1.5BA$1.07
5334 N Kingshighway Blvd, Unit 5334A Kinghighway5334 N Kingshighway Blvd1BR,1BA$1.06
4119 W Carter Ave, Unit 4119 Carter Ave4119 W Carter Ave1BR,1BA$0.96
Fairgrounds Park Place Apartments*The Cypress1BR,1BA$1.19

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Penrose, Saint Louis, MO

Ranked #131

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

Pet Friendliness Lifestyle Score

3.5
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 the Cheapest Studio apartment in Penrose?

Currently the most affordable Cheap Studio Apartment in Penrose is at The Regency at Saint Louis listed at $672.

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

The lowest price for a Cheap One Bedroom Penrose Apartment is $680 at Fairgrounds Park Place Apartments.

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 $759 at Coronado Place and Towers.

What is the most affordable Penrose Three Bedroom Apartment?

The best deal on a cheap Penrose Three Bedroom Apartment rental is at Coronado Place and Towers and starts from $679.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.