Cheap Apartments for Rent in Penitas, TX from $300 (63 Rentals)

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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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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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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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Silver Spur Apartments
1 to 4 Bedroom Apartments

Silver Spur Apartments

311 Silver Spur LnPalmview, TX 78572
  • Utilities Included
property at 405 E 2nd St

$775

2 Bedroom, 2 Bath Condo for Rent

Available Now

405 E 2nd St

La JoyaTX78560

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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Penitas, TX Local Guide

Cheapest Available Penitas Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penitas, TX is a 1 Bed unit found at Bella Vista in the Meadow Ridge neighborhood priced from $316. Hibiscus Village in the Meadow Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $379. Here is today’s list of the most affordable Penitas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bella VistaA1-30%1BR,1BA$316
Hibiscus VillageB1BR,1BA$379
La Villa De AltonB12BR,1BA$417
Reypres VillasStudioStudio,1BA$550
McAllen ApartmentsExecutive SuiteStudio,1BA$699
Jackson Square1X11BR,1BA$699
Peppertree1X11BR,1BA$699
The Monark Apartments1 Bed, 1 bath1BR,1BA$700
The Luke Apartments1 bedroom 1 bath1BR,1BA$730
Crossings Apartments1 Bed, 1 bath1BR,1BA$735

Best Value Apartments for Rent in Penitas, TX and Nearby

As of January 03, 2026 the best value apartment in the Penitas area is the $0.83 price per square foot Two Bedroom Model at St. Antimo Apartments in the in the East McAllen neighborhood starting from $1,080. The second greatest value Penitas apartment is the 2X2.5 Model at Danubia starting at $999 with a $0.83 price per square foot in the Northgate Crossing neighborhood. Here is today’s list of the best values for Penitas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
Danubia2X2.52BR,2.5BA$0.83
La Esperanza De Alton- Income Restricted3 Bed 2 Bath3BR,2BA$0.94
Vintage Square Apartments, McAllen, TX2B1B2BR,1BA$0.86
Dallas Apartments2 Bedroom2BR,2BA$0.93
404 E 2nd St, Unit D404 E 2nd St2BR,2BA$0.90
La Cantera Apartments Mission, Texas2 bed/ 2 bath2BR,2BA$0.83
La Villa De AltonB12BR,1BA$0.43
406 E 3rd St, Unit 40406 E 3rd St2BR,2BA$0.88
Hibiscus VillageA1BR,1BA$0.49

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

Explore Penitas, TX Rentals by Map

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See the most popular apartments and homes in Penitas, TX

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Frequently Asked Questions about Cheap Penitas Apartments

What is the Cheapest Studio apartment in Penitas?

Currently the most affordable Cheap Studio Apartment in Penitas is at Reypres Villas listed at $550.

How much is rent for a Cheap One Bedroom Penitas Apartment?

The lowest price for a Cheap One Bedroom Penitas Apartment is $316 at Bella Vista.

What is the lowest price for a Cheap Two Bedroom Penitas Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penitas is starting from $417 at La Villa De Alton.

What is the most affordable Penitas Three Bedroom Apartment?

The best deal on a cheap Penitas Three Bedroom Apartment rental is at La Villa De Alton and starts from $473.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!