
Cheap Homes for Rent in Pennington, TX from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Pennington.


2300 FM 980

100 W Madison St

24605 Pools Creek Dr
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.

28613 Netawake Ct

210 H Pickens Rd

2001 N Fm

152 Cp Rd S
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.

279 White Oak Cir
Pennington, TX Local Guide

How much does it cost to rent a home in Pennington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennington 2 Bedroom Homes for Rent | $1,193 | $950 | $1,700 |
| Pennington 3 Bedroom Homes for Rent | $1,560 | $1,100 | $2,500 |
| Pennington 4 Bedroom Homes for Rent | $1,650 | $1,500 | $1,800 |
| Pennington 5 Bedroom Homes for Rent | $3,746 | $2,245 | $5,495 |
Browse Top Homes for Rent in Pennington
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Pennington, TX Local Guide
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Cheapest Available Pennington Apartments for Rent and Nearby
 The cheapest available apartment rental in Pennington, TX is a 5 Beds unit found at The Heights in the Downtown Huntsville neighborhood priced from $605. University Place Apartments in the Downtown Huntsville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $619. Here is today’s list of the most affordable Pennington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Heights | 5A | 5BR,5BA | $605 |
| University Place Apartments | Efficiency | Studio,1BA | $619 |
| Santa Fe Trails Apartments | Studio | Studio,1BA | $619 |
Best Value Apartments for Rent in Pennington, TX and Nearby
As of June 04, 2026 the best value apartment in the Pennington area is the $0.98 price per square foot 4 BR House Model at The Village at Sam Houston in the in the Downtown Huntsville neighborhood starting from $1,600. The second greatest value Pennington apartment is the 4BR/4BA Model at Villas on Sycamore starting at $464 with a $0.29 price per square foot in the Downtown Huntsville neighborhood. Here is today’s list of the best values for Pennington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Village at Sam Houston | 4 BR House | 4BR,4BA | $0.98 |
| Villas on Sycamore | 4BR/4BA | 4BR,4BA | $0.29 |
| Bearkat Cottages | 3 Bedroom 3 Bath | 3BR,3BA | $0.50 |
| Gateway at Huntsville | 2 Bed / 2 Bath | 2BR,2BA | $0.73 |
| The Forum at Sam Houston | 2x2 | 2BR,2BA | $0.78 |
| The Quarters Huntsville | 2x2 | 2BR,2BA | $0.78 |
| The Heights | 2A | 2BR,2BA | $1.05 |
| The Oaks Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.96 |
| Forest Gate Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.10 |
| University Club Huntsville | 1Bed 1 Bath | 1BR,1BA | $1.12 |
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 ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestylePennington, TX
Ranked #210
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 Pennington
What type of rentals are currently available in Pennington?
There are currently 47 Apartments for Rent in Pennington, TX with pricing that ranges from $379 to $2,175. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $675 to $5,495.
What is the current price range for Rental Homes in Pennington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington ranges from $675 to $5,495 with an average monthly rent of $1,701.
How much are larger Three and Four Bedroom Rentals in Pennington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennington range from $379 to $2,175, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $399.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.