Luxury Apartments for Rent in Penasco, NM (41 Rentals)

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The most luxurious Apartments in Penasco with high-end amenities, features, and finishes.

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-41, Page 1 of 1

Penasco, NM Local Guide

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Penasco, NM Rentals by Map

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See the most popular apartments and homes in Penasco, NM

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Getting Around Penasco, NM

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Penasco

How much are Studio apartments in Penasco?

There are currently 8 Studio Apartments in Penasco with rent ranges from $950 to $2,050 with an average price of $1,399.

What is the current price range for One Bedroom Penasco Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Penasco ranges from $993 to $3,075 with an average monthly rent of $1,816.

What does renting a Two Bedroom Apartment in Penasco cost?

The monthly rent prices of Two Bedroom Apartments currently available in Penasco range from $1,362 to $4,021. Today's average rental price for Two Bedrooms here is $2,164.

How expensive are Penasco Three Bedroom Apartments?

There are currently 23 Three Bedroom Apartments listings available in Penasco on ApartmentHomeLiving.com. The pricing ranges from $1,574 to $4,645 - averaging $2,465 for the location.

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.

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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.