
Cheap Homes for Rent in Penitas, TX from $400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Penitas.


3206 Hill Crest Dr

6 E St

28 A St

2017 Graham Ave

7 W Business Hwy 83

405 E 2nd St
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.

405 E 2nd St

10 South Dr

18 Royal Palm St

1802 Jefferson St

2107 Double Eagle Dr

13 Arboledas Dr

1108 Arboledas Dr
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.
Penitas, TX Local Guide

How much does it cost to rent a home in Penitas?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penitas 2 Bedroom Homes for Rent | $950 | $700 | $1,900 |
| Penitas 3 Bedroom Homes for Rent | $1,613 | $1,000 | $2,600 |
| Penitas 4 Bedroom Homes for Rent | $1,942 | $1,200 | $2,800 |
| Penitas 5 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Penitas
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Penitas, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| La Villa De Alton | A1 | 1BR,1BA | $373 |
| Hibiscus Village | B | 1BR,1BA | $379 |
| Reypres Villas | Studio | Studio,1BA | $550 |
| Avanti Legacy Valor Heights | A1AV-50% | 1BR,1BA | $682 |
| Bella Vista | B2-50% | 2BR,2BA | $694 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| St. Antimo Apartments | Two Bedroom | 2BR,2BA | $0.83 |
| Danubia | 2X2.5 | 2BR,2.5BA | $0.85 |
| Palma Vista | 2BR | 2BR,2BA | $0.91 |
| La Esperanza De Alton- Income Restricted | 3 Bed 2 Bath | 3BR,2BA | $0.94 |
| Vintage Square Apartments, McAllen, TX | 2B1B | 2BR,1BA | $0.86 |
| La Cantera Apartments Mission, Texas | 2 bed/ 2 bath | 2BR,2BA | $0.83 |
| Royal Oaks Apartments | A1 | 1BR,1BA | $0.94 |
| 503 E 3rd St, Unit 6 | 503 E 3rd St | 2BR,2BA | $0.88 |
| Hibiscus Village | B | 1BR,1BA | $0.46 |
| La Villa De Alton | A1 | 1BR,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.
Read ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestylePenitas, TX
Ranked #291
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Penitas
What type of rentals are currently available in Penitas?
There are currently 82 Apartments for Rent in Penitas, TX with pricing that ranges from $316 to $2,631. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penitas ranging from $400 to $3,300.
What is the current price range for Rental Homes in Penitas?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penitas ranges from $400 to $3,300 with an average monthly rent of $1,676.
How much are larger Three and Four Bedroom Rentals in Penitas?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penitas range from $416 to $2,255, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $2,340.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.