8907 Old County Dr
El PasoTX79907
Cheap Homes for Rent in Penrose Neighborhood of El Paso, TX from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Penrose area of El Paso.
8907 Old County Dr
El PasoTX79907
8870 Sunland Rd
El PasoTX79907
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.
8403 Villanova Dr
El PasoTX79907
846 El Arco Dr
El PasoTX79907
851 Montera Rd
El PasoTX79907
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.
Showing Results 1-6, Page 1 of 1
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 | $1,267 | $1,200 | $1,335 |
| Penrose 3 Bedroom Homes for Rent | $1,536 | $1,200 | $2,100 |
| Penrose 4 Bedroom Homes for Rent | $1,931 | $1,395 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of El Paso, TX.
Explore 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 Studio unit found at La Hacienda Apartments priced from $650. Valley Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable Penrose apartments for rent in El Paso, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| La Hacienda Apartments | Studio | Studio,1BA | $650 |
| Valley Place Apartments | 1 BEDROOM | 1BR,1BA | $755 |
| San Montego | 1 Bedroom | 1BR,1BA | $790 |
Best Value Apartments for Rent in Penrose, TX
As of June 18, 2025 the best value apartment in the Penrose area is the $0.74 price per square foot 3 Beds, 2 baths Model at 336 Villa Place in the in the Ysleta neighborhood starting from $1,985. The second greatest value Penrose apartment is the 2 Beds, 1 Baths Model at Amber Sky Estates starting at $1,025 with a $1.13 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 Beds, 2 baths | 3BR,2BA | $0.74 |
| Amber Sky Estates | 2 Beds, 1 Baths | 2BR,1BA | $1.13 |
| Castilleja Apartments | B1 | 2BR,1BA | $1.45 |
| Bella Vista Place Apartments | 2 Bed, 1 Bath | 2BR,1BA | $1.38 |
| Padres Village Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.32 |
| Southview | 2BR/1BA | 2BR,1BA | $1.33 |
| Paseo Park Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
| Valley Place Apartments | 1 BEDROOM | 1BR,1BA | $1.32 |
| San Marcos Apartment Homes | Azalea Suit | 1BR,1BA | $1.52 |
| La Hacienda Apartments | Studio | Studio ,1BA | $1.37 |
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
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 $2,265. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $775 to $2,700.
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 $775 to $2,700 with an average monthly rent of $1,379.
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 $2,121, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,395 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.