Search the lowest-cost Apartments available for rent right now in Penrose.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose Studio Apartments | $1,073 | $818 | $1,401 |
| Penrose 1 Bedroom Apartments | $1,468 | $695 | $2,675 |
| Penrose 2 Bedroom Apartments | $1,830 | $900 | $3,480 |
| Penrose 3 Bedroom Apartments | $2,225 | $1,355 | $3,430 |
The cheapest available apartment rental in Penrose, CO is a 1 Bed unit found at Stardust Plaza Apartments priced from $785. 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 |
|---|---|---|---|
| Stardust Plaza Apartments | Small one bedroom | 1BR,1BA | $785 |
| Kalo Broadmoor Tower | KaloUnity | Studio,1BA | $799 |
| Briarwood Apartments | 1 Bedroom | 1BR,1BA | $895 |
| The Aberdeen Apartments | Studio | Studio,1BA | $945 |
| The Reserve | One Bedroom One Bath | 1BR,1BA | $949 |
| Grand West at Covington | 1 Bedroom/1 Bath | 1BR,1BA | $986 |
| 25 Broadmoor | Portales | 1BR,1BA | $999 |
| Lookout at Broadmoor | One Bedroom One Bathroom (A1) | 1BR,1BA | $1,030 |
| Mesa Gardens | El Pueblo | 1BR,1BA | $1,150 |
| Cottages at Mesa Ridge | 0x1 - 375 sqft - S2 | Studio,1BA | $1,164 |
As of March 23, 2026 the best value apartment in the Penrose area is the $1.60 price per square foot Cypress Model at Bonterra Lakeside Apartments in the in the Stratton Meadows neighborhood starting from $1,687. The second greatest value Penrose apartment is the 2 Bedroom Model at North Ridge Heights starting at $1,200 with a $1.25 price per square foot in the Sky View 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. |
|---|---|---|---|
| Bonterra Lakeside Apartments | Cypress | 2BR,1BA | $1.60 |
| North Ridge Heights | 2 Bedroom | 2BR,1BA | $1.25 |
| The Estates At Cheyenne Blvd | The Estate | 2BR,1BA | $1.36 |
| Mountain View Meadows | 2 Bedroom, 1 Bath | 2BR,1BA | $1.67 |
| The Reserve | One Bedroom One Bath | 1BR,1BA | $1.44 |
| 25 Broadmoor | Portales | 1BR,1BA | $1.53 |
| Briarwood Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
| Lookout at Broadmoor | One Bedroom One Bathroom (A1) | 1BR,1BA | $1.63 |
| Grand West at Covington | 1 Bedroom/1 Bath | 1BR,1BA | $1.58 |
| Stardust Plaza Apartments | Small one bedroom | 1BR,1BA | $1.32 |
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Read ArticleThe 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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Currently the most affordable Cheap Studio Apartment in Penrose is at Kalo Broadmoor Tower listed at $799.
The lowest price for a Cheap One Bedroom Penrose Apartment is $785 at Stardust Plaza Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Penrose is starting from $1,025 at The Reserve.
The best deal on a cheap Penrose Three Bedroom Apartment rental is at Mesa Gardens and starts from $1,355.
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.
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.
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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