2712 1st St S
ArlingtonVA22204
Cheap Homes for Rent in the Penrose Neighborhood of Arlington, VA from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Penrose area of Arlington.
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
947 S Scott St
ArlingtonVA22204
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
2030 6th St S
ArlingtonVA22204
Showing Results 1-3, Page 1 of 1
Penrose, Arlington, VA 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 | $3,033 | $2,700 | $3,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of Arlington, VA.
Explore Arlington
Penrose, Arlington, VA Local Guide
- Nearby Arlington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Penrose, VA
As of August 05, 2026 the best value apartment in the Penrose area is the $2.81 price per square foot B2 Model at Eagle Rock Apartments at Columbia Pike in the in the Cherrydale neighborhood starting from $2,769. The second greatest value Penrose apartment is the 2BR Model at Columbia Pike Apartments starting at $2,000 with a $2.11 price per square foot in the Maywood 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. |
|---|---|---|---|
| Eagle Rock Apartments at Columbia Pike | B2 | 2BR,2BA | $2.81 |
| Columbia Pike Apartments | 2BR | 2BR,1BA | $2.11 |
| Dominion Towers | Two Bedroom/One Bath | 2BR,1BA | $2.54 |
| Shawnee Apartments | B1 | 2BR,1BA | $2.71 |
| 2121 Columbia Pike | 6 | 1BR,1BA | $2.65 |
| Dorchester Apartments | 1 Bedroom | 1BR,1BA | $2.35 |
| Penrose Square Apartments | 1B-A | 1BR,1BA | $2.92 |
| Fillmore Garden Apartments | 1 Bedroom Renovated | 1BR,1BA | $2.24 |
| 2200 Columbia Pike | 9 | 1BR,1BA | $3.21 |
| Cortland on Pike | S1 - Affordable | Studio ,1BA | $2.85 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
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.
Let everyone know!
Do you know the Penrose area?
If you’re an expert on all things Penrose, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestylePenrose, Arlington, VA
Ranked #43
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 47 Apartments for Rent in Penrose, VA with pricing that ranges from $1,325 to $10,727. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $1,350 to $3,400.
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 $1,350 to $3,400 with an average monthly rent of $2,612.
Expert Rental Resources
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.
Helpful Local Expert Guides
DC Metro Area Deep Dive: Comparing the Top Neighborhoods for Cost, Commute, and Quality of Life
Written by: Steve Lilly
If you're someone who keeps up with current events, it's understandable to hear about Washington, D.C. and immediately think "politics.
Discover DC: The Insider's Guide to Renting in Our Nations Capital
Written by: Steve Lilly
Greetings from Washington, DC! I'm Stephen, your ApartmentHomeLiving.com Local Expert for Washington, and I'd love to give you the inside scoop on a city that many people only think of in terms of visiting, not living in.
The DC Housing Strategy: Balancing Career & Lifestyle Near Top Washington DC Area Employers
Written by: Steve Lilly
I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, D.C.
Rent Smart in Washington DC: Best Neighborhoods to Rent for University Students
Written by: Steve Lilly
I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.