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$775 - $1,349
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$775 - $1,349
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Foundry at Pueblo
2025 Jerry Murphy RdPueblo, CO 81001
Cheap Apartments for Rent in Penrose, CO from $700 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in Penrose.
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$785 - $900
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$785 - $900
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$785 - $900
Stardust Plaza Apartments
3005 Baystate AvePueblo, CO 81005
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$818 - $1,518
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Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$800 - $1,500
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Kona Kai
2216 7th AvePueblo, CO 81003
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$837 - $987
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityEvergreen
2625 Himes AvePueblo, CO 81004
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$905 - $1,520
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$905 - $1,520
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Lookout at Broadmoor
810-816 Oxford LnColorado Springs, CO 80905
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$945 - $1,008
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available May 9The Aberdeen Apartments
900 W Abriendo AvePueblo, CO 81004
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$986 - $1,115
Plus Fees
1 to 2 Bedroom Apartments Available NowGrand West at Covington
4015 Oneal AvePueblo, CO 81005
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$995 - $1,095
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2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$995 - $1,095
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$995 - $1,095
Briarwood Apartments
2032 Carlee DrPueblo, CO 81005
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$1,050 - $1,175
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$1,050 - $1,175
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The Reserve
1007 Ruppel StPueblo, CO 81001
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$1,102 - $1,789
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,102 - $1,789
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Cheyenne Crest
4008 Westmeadow DrColorado Springs, CO 80906
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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$1,166 - $2,338
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$1,124 - $2,296
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Cottages at Mesa Ridge
7580 Segundo GroveFountain, CO 80817
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$1,174 - $1,622
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$1,174 - $1,622
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$1,174 - $1,622
Westmeadow Peaks
1472 Meadow Peak VwColorado Springs, CO 80906
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$1,179 - $1,744
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$1,154 - $1,719
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Villas at Park West
3131 E Spaulding AvePueblo, CO 81008
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$1,200 - $1,786
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCheyenne Crossing
640 Wycliffe DrColorado Springs, CO 80906
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$1,200 - $1,500
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowNorth Ridge Heights
2141 Aztec DrPueblo, CO 81008
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$1,211 - $2,455
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,161 - $2,405
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Cottages on the Boulevard
3320 Sanchez LnPueblo, CO 81008
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$1,217 - $2,641
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Landings at Eagleridge Apartments
4749 Eagleridge CirPueblo, CO 81008
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$1,230 - $2,010
Plus Fees
1 to 3 Bedroom Apartments Available May 20Meadows At Cheyenne Mountain
905 Pacific Hills PtColorado Springs, CO 80906
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$1,250 - $1,750
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRegency Tower Senior 55 Plus Apartments
921 Green Star DrColorado Springs, CO 80905
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$1,290
Total Monthly Price
2 Bedroom Apartments Available Jun 15Total Monthly Price
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$1,235
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The Estates At Cheyenne Blvd
500-700 Cheyenne BlvdColorado Springs, CO 80905
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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$1,299 - $1,699
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowThe Dairy Mobile Home Park
3115 Glenarm RdColorado Springs, CO 80911
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$1,300 - $1,900
Plus Fees
1 Bedroom Apartments Available NowMechanics Building
209 N Main StPueblo, CO 81003
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$1,302 - $2,973
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,297 - $2,968
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Mountain View
4085 Westmeadow DrColorado Springs, CO 80906
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$1,375 - $1,570
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,075 - $1,270
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Mesa Gardens
2207 E 12th StPueblo, CO 81001
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$1,420 - $2,297
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,420 - $2,297
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Cobblestone Ridge
4125 Pebble Ridge CirColorado Springs, CO 80906
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$1,435 - $1,985
Plus Fees
1 to 3 Bedroom Apartments Available NowOutlook Ridge
5300 Outlook BlvdPueblo, CO 81008
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$1,449 - $2,369
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,449 - $2,369
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Mesa Ridge
7765 S Pitcher Point PtFountain, CO 80817
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$1,450
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityLazy Days Mobile Home Village
3375 Glenarm RdColorado Springs, CO 80911
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$1,454 - $1,874
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowQuail Cove
3308 Quail Lake RdColorado Springs, CO 80906
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$1,478 - $2,443
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,451 - $2,416
Required Monthly Fees
$27
Total Monthly Price
$1,478 - $2,443
Retreat at Cheyenne Mountain
1735 Presidential HtsColorado Springs, CO 80905
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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Studio to 2 Bedroom Apartments
Kalo Broadmoor Tower
929 Arcturus DrColorado Springs, CO 80905
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1 to 2 Bedroom Apartments
Steel City Flats
625 W 14th StPueblo, CO 81003
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Studio to 2 Bedroom Apartments
Garrison Edge
1026 Rice DrColorado Springs, CO 80905
1480 Wilmont Rd
FlorenceCO81226
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1 to 2 Bedroom Apartments
The Oasis at Belmont Square Apartments
2020 Jerry Murphy RdPueblo, CO 81001
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1 to 4 Bedroom Apartments
Baltimore Heights
3551 Baltimore AvePueblo, CO 81008
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1 to 3 Bedroom Apartments
Landmark Apartments
19-21 Amherst AvePueblo, CO 81005
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Studio to 2 Bedroom Apartments
25 Broadmoor
25 Sommerlyn RdColorado Springs, CO 80906
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1 to 2 Bedroom Apartments
Shores at Lakeview
1300 Lakeview AvePueblo, CO 81004
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Studio to 2 Bedroom Apartments
Kalo Broadmoor Terrace
920 Arcturus DrColorado Springs, CO 80905
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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1 to 2 Bedroom Apartments
2018 Vinewood Apartments
2018 Vinewood LnPueblo, CO 81005
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1 to 2 Bedroom Apartments
1936 Vinewood Apartments
1936 Vinewood LnPueblo, CO 81005
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1 to 2 Bedroom Apartments
Moore Ave Apartments
1691 Moore AvePueblo, CO 81005
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2 to 4 Bedroom Apartments
Stonegate Village Apartments
393 E Spaulding AvePueblo, CO 81007
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Studio to 3 Bedroom Apartments
Belmont Heights
1408 E 21st StPueblo, CO 81001
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1 to 3 Bedroom Apartments
Wildridge
2485 Gold Rush DrColorado Springs, CO 80906
132 1/2 Greenwood Ave
Canon CityCO81212
119 Green St
FlorenceCO81226
2810 Melvina St
Canon CityCO81212
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1 to 3 Bedroom Apartments
The Preserve at Belmont
2700 Troy AvePueblo, CO 81001
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.
Penrose, CO Local Guide
Colorado mountains by Danielle Brigida is licensed under CC BY 2.0
How much does it cost to rent an apartment in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose Studio Apartments | $1,032 | $818 | $1,211 |
| Penrose 1 Bedroom Apartments | $1,463 | $775 | $2,540 |
| Penrose 2 Bedroom Apartments | $1,795 | $900 | $3,595 |
| Penrose 3 Bedroom Apartments | $2,107 | $1,349 | $3,430 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Penrose
See all Apartments in PenroseExplore Penrose
Penrose, CO Local Guide
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Cheapest Available Penrose Apartments for Rent and Nearby
The cheapest available apartment rental in Penrose, CO is a 1 Bed unit found at Foundry at Pueblo in the Sky View neighborhood priced from $775. Kalo Broadmoor Tower in the Stratton Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Penrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Foundry at Pueblo | A1 | 1BR,1BA | $775 |
| Kalo Broadmoor Tower | KaloUnity | Studio,1BA | $799 |
| Stardust Plaza Apartments | Large one bedroom | 1BR,1BA | $815 |
| 25 Broadmoor | Stratus | Studio,1BA | $899 |
| Kalo Broadmoor Terrace | KaloUnity | Studio,1BA | $909 |
| Lookout at Broadmoor | Studio One Bathroom (S2) | Studio,1BA | $925 |
| Grand West at Covington | 1 Bedroom/1 Bath | 1BR,1BA | $986 |
| The Reserve | One Bedroom One Bath | 1BR,1BA | $1,050 |
| Westmeadow Peaks | Silverstone | 1BR,1BA | $1,174 |
| Villas at Park West | A1 | 1BR,1BA | $1,179 |
Best Value Apartments for Rent in Penrose, CO and Nearby
As of May 08, 2026 the best value apartment in the Penrose area is the $1.25 price per square foot 2 Bedroom Model at North Ridge Heights in the in the Sky View neighborhood starting from $1,200. The second greatest value Penrose apartment is the Mimosa Model at Bonterra Lakeside Apartments starting at $1,503 with a $1.71 price per square foot in the Stratton Meadows neighborhood. Here is today’s list of the best values for Penrose apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| North Ridge Heights | 2 Bedroom | 2BR,1BA | $1.25 |
| Bonterra Lakeside Apartments | Mimosa | 1BR,1BA | $1.71 |
| Mesa Gardens | The Rosemount | 2BR,1BA | $1.56 |
| The Landings at Eagleridge Apartments | 1X1 P3 | 1BR,1BA | $1.68 |
| West Hill | Greenhorn | 2BR,1BA | $1.67 |
| Mountain View Meadows | 2 Bedroom, 1 Bath | 2BR,1BA | $1.67 |
| The Reserve | One Bedroom One Bath | 1BR,1BA | $1.59 |
| Stardust Plaza Apartments | Large one bedroom | 1BR,1BA | $1.28 |
| Grand West at Covington | 1 Bedroom/1 Bath | 1BR,1BA | $1.58 |
| Kalo Broadmoor Tower | KaloUnity | Studio ,1BA | $1.74 |
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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Frequently Asked Questions about Cheap Penrose Apartments
What is the Cheapest Studio apartment in Penrose?
Currently the most affordable Cheap Studio Apartment in Penrose is at Kalo Broadmoor Tower listed at $799.
How much is rent for a Cheap One Bedroom Penrose Apartment?
The lowest price for a Cheap One Bedroom Penrose Apartment is $775 at Foundry at Pueblo.
What is the lowest price for a Cheap Two Bedroom Penrose Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penrose is starting from $1,000 at Foundry at Pueblo.
What is the most affordable Penrose Three Bedroom Apartment?
The best deal on a cheap Penrose Three Bedroom Apartment rental is at Mesa Gardens and starts from $1,375.
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
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.
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.
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.