
Cheap Homes for Rent in Penrose Neighborhood of Saint Louis, MO from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Penrose area of Saint Louis.


4227 Sacramento Ave

4115 N Florissant Ave

6506 Lillian Ave

6504 Lillian Ave

5190 Enright Ave

6200 Flint Ave

4608 June Ave

4144 Maffitt Ave

4031 St Louis Ave
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
Penrose, St. Louis, MO Local Guide

How much does it cost to rent a home in Penrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penrose 2 Bedroom Homes for Rent | $1,016 | $850 | $1,215 |
Penrose 3 Bedroom Homes for Rent | $1,198 | $900 | $1,495 |
Penrose 4 Bedroom Homes for Rent | $1,321 | $1,000 | $1,750 |
Penrose 5 Bedroom Homes for Rent | $1,825 | $1,450 | $2,200 |
Penrose 6 Bedroom Homes for Rent | $1,550 | $1,500 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of Saint Louis, MO.
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Penrose, St. Louis, MO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Coronado Place and Towers | The Topaz | 2BR,1BA | $489 |
The Regency at Saint Louis | Studio | Studio,1BA | $672 |
Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $680 |
Best Value Apartments for Rent in Penrose, MO
As of April 04, 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 4470 Enright Ave Model at 4470 Enright Ave, Unit 4470 enright 2nd floor starting at $1,280 with a $0.85 price per square foot in the Cheltenham neighborhood. Here is today’s list of the best values for Penrose apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
4472 Enright Ave, Unit 4472A enright | 4472 Enright Ave | 3BR,1BA | $0.82 |
4470 Enright Ave, Unit 4470 enright 2nd floor | 4470 Enright Ave | 3BR,1BA | $0.85 |
2026 E Adelaide Ave, Unit Downstairs | 2026 E Adelaide Ave | 2BR,1BA | $0.76 |
5126 Lexington Ave, Unit 2 | 5126 Lexington Ave | 2BR,1BA | $0.75 |
5141 Wabada Ave, Unit 1 | 5141 Wabada Ave | 3BR,1BA | $0.85 |
College Hill Apartments | 1425 Grand | 2BR,2BA | $0.85 |
Homer G. Phillips Apartments for 55 and older | One Bedroom One Bath | 1BR,1BA | $0.89 |
The Reserve at Heritage | 2 Bed Garden | 2BR,1.5BA | $1.07 |
2127 Obear Ave, Unit XX | 2127 Obear Ave | 1BR,1BA | $0.90 |
Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $1.19 |
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Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 179 Apartments for Rent in Penrose, MO with pricing that ranges from $489 to $5,511. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $400 to $2,200.
What is the current price range for Rental Homes in Penrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penrose ranges from $400 to $2,200 with an average monthly rent of $1,146.
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.

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.

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.

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.

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.