Cheap Apartments for Rent in Penitas, TX from $300 (71 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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property at 7 Clavel St

$800 - $880

2 Bedroom Rentals

Available Now

7 Clavel St

PalmviewTX78572

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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La Villa De Alton
1 to 3 Bedroom Apartments

La Villa De Alton

308 N Eagle Pass StAlton, TX 78573
  • Utilities Included
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Silver Spur Apartments
1 to 4 Bedroom Apartments

Silver Spur Apartments

311 Silver Spur LnPalmview, TX 78572
  • Utilities Included

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 and Nearby

 

The cheapest available apartment rental in Penitas, TX is a 3 Beds unit found at La Villa De Alton in the West Sharyland neighborhood priced from $473. Reypres Villas in the Doffing neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Penitas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Villa De AltonC13BR,2BA$473
Reypres VillasStudioStudio,1BA$550
Bella VistaB2-50%2BR,2BA$694
Maple Manor Apartments1 Bed, 1 bath1BR,1BA$700
Anacua Village1 x 11BR,1BA$714
The Monark ApartmentsA1 - 1x11BR,1BA$720
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 and Nearby

As of May 06, 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 3B2B Model at Vintage Square Apartments, McAllen, TX starting at $1,235 with a $0.96 price per square foot in the Meadow Ridge 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
Vintage Square Apartments, McAllen, TX3B2B3BR,2BA$0.96
Danubia2X2.52BR,2.5BA$0.77
La Villa De AltonC13BR,2BA$0.41
Hibiscus VillageC2BR,2BA$0.89
Bella Vista2BR-8112BR,2BA$0.83
La Cantera Apartments Mission, Texas2 bed/ 2 bath2BR,2BA$0.83
Royal Oaks ApartmentsA11BR,1BA$0.94
Atrium PlaceVestibule1BR,1.5BA$0.92
401 E 2nd St, Unit L-2401 E 2nd St2BR,1BA$0.93

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Penitas, TX

Ranked #198

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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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 $600 at Reypres Villas.

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 $694 at Bella Vista.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.