Cheap Apartments for Rent in the Penrose Neighborhood of El Paso, TX from $300 (20 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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San Jose Apartments
$650
Total Monthly Price

Total Monthly Price

Base Rent
$521
Required Monthly Fees
$129

Total Monthly Price
$650
2 Bedroom Apartments Contact Us For Availability

San Jose Apartments

7917-7919 San Jose RdEl Paso, TX 79915
Affordability
  • Verified
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Paseo Park Apartments
$795 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $925
Required Monthly Fees
$70

Total Monthly Price
$795 - $995
1 to 2 Bedroom Apartments Available Now

Paseo Park Apartments

11625 Rojas DrEl Paso, TX 79936
Senior Living
  • Verified
  • Utilities Included
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 1 Bed unit found at San Marcos Apartment Homes priced from $785. Padres Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here are the most affordable Penrose apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
San Marcos Apartment HomesAzalea Suit1BR,1BA$785
Padres Village Apartments2 Bedroom 1 Bath2BR,1BA$800
La PrivadaAl Adobe1BR,1BA$800
Tigua Village- Income RestrictedOne Bedroom B1BR,1BA$801
La Hacienda Apartments1Bed/1Bath1BR,1BA$850

Best Value Apartments for Rent in Penrose, TX

As of February 21, 2026 the best value apartment in the Penrose area is the $1.05 price per square foot 2 Bedroom Model at Paseo Park Apartments in the in the Ascarate neighborhood starting from $905. The second greatest value Penrose apartment is the 8487 Roseway Dr Model at 8487 Roseway Dr, Unit A starting at $1,100 with a $1.29 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.
Paseo Park Apartments2 Bedroom2BR,1BA$1.05
8487 Roseway Dr, Unit A8487 Roseway Dr3BR,2BA$1.29
Bella Vista Place Apartments2 Bed, 1 Bath2BR,1BA$1.38
8495 Roseway Dr, Unit B8495 Roseway Dr2BR,1BA$1.16
Prado Apartments2 Bedroom2BR,1BA$1.30
The MeadowsOne Bedroom Large1BR,1BA$1.13
Valley Place Apartments2 BEDROOM 1 BATH2BR,1BA$1.16
San Montego2 Bedroom2BR,1BA$1.26
Padres Village Apartments2 Bedroom 1 Bath2BR,1BA$1.23
La Hacienda Apartments1Bed/1Bath1BR,1BA$1.31

Where to Rent in El Paso: A Local's Guide to Apartments Near Major Universities

El Paso is affordable, friendly, and vibrant! Explore Downtown, Golden Hill, Mission Hills, and more to find your perfect apartment near campus.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Penrose, El Paso, TX

Ranked #141

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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.

Articles, How-To's, and Tips

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.