
Cheap Apartments for Rent in the Penrose Neighborhood of El Paso, TX from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penrose area of El Paso.


La Hacienda Apartments

386 McCune Rd

Valley Place Apartments

San Marcos Apartment Homes

San Montego

Paseo Park Apartments

8507 Alameda Ave

Padres Village Apartments

The Meadows

8903 Old County Dr

429a Emerson St

438 Duran Pl

8903 Old County Dr
Penrose, El Paso, TX Local Guide

How much does it cost to rent an apartment in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose Studio Apartments | $672 | $650 | $695 |
| Penrose 1 Bedroom Apartments | $819 | $579 | $1,095 |
| Penrose 2 Bedroom Apartments | $946 | $650 | $1,463 |
| Penrose 3 Bedroom Apartments | $1,237 | $975 | $1,795 |
| Penrose 4 Bedroom Apartments | $1,182 | $1,182 | $1,182 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of El Paso, TX.
See all Apartments in El PasoExplore El Paso
Penrose, El Paso, TX Local Guide
- Nearby El Paso neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| San Jose Apartments | 2-1 | 2BR,1BA | $650 |
| Valley Place Apartments | 1 BEDROOM | 1BR,1BA | $765 |
| San Marcos Apartment Homes | Azalea Suit | 1BR,1BA | $785 |
| San Montego | 1 Bedroom | 1BR,1BA | $790 |
| Padres Village Apartments | 2 Bedroom 1 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 336 Villa Place | 3 bed | 3BR,3BA | $1.12 |
| Prado Apartments | 3 Bedroom | 3BR,2BA | $1.20 |
| Paseo Park Apartments | 2 Bedroom | 2BR,1BA | $1.05 |
| La Jolla Place Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.40 |
| The Meadows | One Bedroom Large | 1BR,1BA | $1.13 |
| La Hacienda Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.24 |
| San Jose Apartments | 2-1 | 2BR,1BA | $0.92 |
| Padres Village Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.23 |
| Valley Place Apartments | 1 BEDROOM | 1BR,1BA | $1.34 |
| San Marcos Apartment Homes | Azalea Suit | 1BR,1BA | $1.50 |
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.
Pet Friendly LifestylePenrose, El Paso, TX
Ranked #102
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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
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
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.







