Cheap Apartments for Rent in the Penrose Neighborhood of El Paso, TX from $300 (22 Rentals)

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

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Canyon Square Village
1 to 4 Bedroom Apartments

Canyon Square Village

8622 N Loop DrEl Paso, TX 79907
  • Utilities Included
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North Loop Village
1 to 2 Bedroom Apartments

North Loop Village

8249 North Loop DrEl Paso, TX 79907
  • Utilities Included
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Alvarez Apartments
2 to 4 Bedroom Apartments

Alvarez Apartments

8247 N Loop DrEl Paso, TX 79907
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Sunset Vista Seniors
1 to 2 Bedroom Apartments

Sunset Vista Seniors

1333 Pullman DrEl Paso, TX 79936
Senior Living
  • Utilities Included

Penrose, El Paso, TX Local Guide

Cheapest Available Penrose Apartments for Rent

 

The cheapest available apartment rental in the Penrose area of El Paso, TX is a 2 Beds unit found at San Jose Apartments priced from $650. Valley Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Penrose apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
San Jose Apartments2-12BR,1BA$650
Valley Place Apartments1 BEDROOM1BR,1BA$765
San Marcos Apartment HomesAzalea Suit1BR,1BA$785
San Montego1 Bedroom1BR,1BA$790
Padres Village Apartments2 Bedroom 1 Bath2BR,1BA$800

Best Value Apartments for Rent in Penrose, TX

As of November 17, 2025 the best value apartment in the Penrose area is the $1.12 price per square foot 3 bed Model at 336 Villa Place in the in the Ysleta neighborhood starting from $1,795. The second greatest value Penrose apartment is the 3 Bedroom Model at Prado Apartments starting at $1,198 with a $1.20 price per square foot in the Ascarate 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.
336 Villa Place3 bed3BR,3BA$1.12
Prado Apartments3 Bedroom3BR,2BA$1.20
Paseo Park Apartments2 Bedroom2BR,1BA$1.05
La Jolla Place Apartments2 Bedroom 1 Bath2BR,1BA$1.40
The MeadowsOne Bedroom Large1BR,1BA$1.13
La Hacienda Apartments2 Bedroom 1 Bath2BR,1BA$1.24
San Jose Apartments2-12BR,1BA$0.92
Padres Village Apartments2 Bedroom 1 Bath2BR,1BA$1.23
Valley Place Apartments1 BEDROOM1BR,1BA$1.34
San Marcos Apartment HomesAzalea Suit1BR,1BA$1.50

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Penrose, El Paso, TX

Ranked #102

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Penrose Neighborhood in El Paso, TX

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

33 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Penrose Apartments

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

The lowest price for a Cheap One Bedroom Penrose Apartment is $765 at Valley 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 $650 at San Jose Apartments.

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.

decorative image for An El Paso, TX Local Expert's Guide to Affordable Neighborhoods for Renters article

An El Paso, TX Local Expert's Guide to Affordable Neighborhoods for Renters

Written by: Lori Rosario

El Paso has been inhabited for thousands of years and still has much to offer people of all ages and walks of life.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.