Cheap Apartments for Rent in Penitas, TX from $300 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in Penitas.

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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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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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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Jackson Square
1 to 2 Bedroom Apartments

Jackson Square

700 W Jackson AveMcAllen, TX 78501
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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

405 E 2nd St

La JoyaTX78560

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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Penitas, TX Local Guide

Cheapest Available Penitas Apartments for Rent

 

The cheapest available apartment rental in Penitas, TX is a 1 Bed unit found at La Villa De Alton in the West Sharyland neighborhood priced from $373. 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
La Villa De AltonA11BR,1BA$373
Hibiscus VillageB1BR,1BA$379
Reypres VillasStudioStudio,1BA$550
Avanti Legacy Valor HeightsA1AV-50%1BR,1BA$682
Bella VistaB2-50%2BR,2BA$694
The Monark Apartments1 Bed, 1 bath1BR,1BA$700
Jackson Square1X11BR,1BA$729
Peppertree1X11BR,1BA$739
Texan Ranch ApartmentsBunkhousesStudio,1BA$747
McAllen ApartmentsExecutive SuiteStudio,1BA$749

Best Value Apartments for Rent in Penitas, TX

As of November 18, 2025 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 $1,019 with a $0.85 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$0.85
Palma Vista2BR2BR,2BA$0.91
La Esperanza De Alton- Income Restricted3 Bed 2 Bath3BR,2BA$0.94
Vintage Square Apartments, McAllen, TX2B1B2BR,1BA$0.86
La Cantera Apartments Mission, Texas2 bed/ 2 bath2BR,2BA$0.83
503 E 3rd St, Unit 6503 E 3rd St2BR,2BA$0.88
Royal Oaks ApartmentsA11BR,1BA$0.94
Hibiscus VillageB1BR,1BA$0.46
La Villa De AltonA11BR,1BA$0.53

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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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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Pet Friendly Lifestyle
Penitas, TX

Ranked #291

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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Getting Around Penitas, TX

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 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 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 $373 at La Villa De Alton.

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 $440 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 Bella Vista and starts from $979.

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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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! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.