
Cheap Homes for Rent in Penrose Neighborhood of El Paso, TX from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Penrose area of El Paso.


438 Duran Pl

8903 Old County Dr

8167 Josephine Cir

701 Hilton Ave

103 Helms Rd

4141 Westcity Ct

201 Foster Dr

204 Prado Rd

1345 Trudy Elaine Dr, Unit C
Penrose, El Paso, TX 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 | $1,084 | $850 | $1,295 |
| Penrose 3 Bedroom Homes for Rent | $1,508 | $900 | $3,200 |
| Penrose 4 Bedroom Homes for Rent | $1,889 | $1,400 | $3,000 |
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 El Paso, TX.
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Penrose, El Paso, TX Local Guide
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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 |
Best Value Apartments for Rent in Penrose, TX
As of November 18, 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
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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
Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 68 Apartments for Rent in Penrose, TX with pricing that ranges from $579 to $1,795. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $725 to $3,200.
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 $725 to $3,200 with an average monthly rent of $1,309.
How much are larger Three and Four Bedroom Rentals in Penrose?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penrose range from $975 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,182.
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.