Cheap Apartments for Rent near Penitas, TX from $300 (76 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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220 S Coyote Ave, Unit 2
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
2 Bedroom Apartment Available Now

220 S Coyote Ave, Unit 2

220 S Coyote AveLa Joya, TX 78560
Cost Per Sq.Ft.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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301 Elida St
2 Bedroom Apartments

301 Elida St

301 Elida StPalmhurst, TX 78573
  • Utilities Included

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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Penitas, TX Local Guide

Cheapest Available Penitas Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penitas, TX is a 2 Beds unit found at La Villa De Alton in the Alton neighborhood priced from $417. 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 AltonB12BR,1BA$417
Reypres VillasStudioStudio,1BA$550
Patriot Pointe1 Bed, 1 bath1BR,1BA$650
The Monark ApartmentsA1 - 1x11BR,1BA$690
Bella VistaB2-50%2BR,2BA$694
Anacua Village1 x 11BR,1BA$714
El Patrimonio Apartments1 Bedroom1BR,1BA$740
StonewoodModel I1BR,1BA$745
Atrium PlaceVestibule1BR,1BA$745
Texan Ranch ApartmentsBunkhousesStudio,1BA$747

Best Value Apartments for Rent in Penitas, TX and Nearby

As of August 04, 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 $1,200 with a $0.93 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$0.93
McAllen Flats2X2.52BR,2.5BA$0.86
Hibiscus VillageC2BR,2BA$0.89
Palma Vista2BR2BR,2BA$0.90
Bella Vista2BR-8112BR,2BA$0.83
La Cantera Apartments Mission, Texas2 bed/ 2 bath2BR,2BA$0.83
La Villa De AltonB12BR,1BA$0.43
Atrium PlaceVestibule1BR,1.5BA$0.86
3802 Clavel Rd, Unit 23802 Clavel Rd2BR,1BA$0.93

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #220

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 $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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.