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$769 - $1,349
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$769 - $1,349
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Foundry at Pueblo
2025 Jerry Murphy RdPueblo, CO 81001
Cheap Apartments for Rent near Penrose, CO from $769 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Penrose.
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$774 - $1,349
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$774 - $1,349
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Garrison Edge
1026 Rice DrColorado Springs, CO 80905
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$785 - $900
Total Monthly Price6 Month Lease Term
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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$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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$880 - $1,470
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$880 - $1,470
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Lookout at Broadmoor
810-816 Oxford LnColorado Springs, CO 80905
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$945 - $1,008
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$945 - $1,008
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$945 - $1,008
The 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
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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$1,000 - $1,175
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$1,000 - $1,175
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The Reserve
1007 Ruppel StPueblo, CO 81001
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$1,152 - $2,015
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,152 - $2,015
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Cheyenne Crest
4008 Westmeadow DrColorado Springs, CO 80906
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$1,210 - $2,010
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1 to 3 Bedroom Apartments Available NowMeadows At Cheyenne Mountain
905 Pacific Hills PtColorado Springs, CO 80906
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$1,218 - $1,683
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$1,218 - $1,683
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Westmeadow Peaks
1472 Meadow Peak VwColorado Springs, CO 80906
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$1,229 - $1,803
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$1,225 - $1,799
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Cheyenne Crossing
640 Wycliffe DrColorado Springs, CO 80906
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$1,229 - $2,034
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$1,204 - $2,009
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Villas at Park West
3131 E Spaulding AvePueblo, CO 81008
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$1,250 - $1,630
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$950 - $1,330
Required Monthly Fees
$300
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$1,250 - $1,630
Mesa Gardens
2207 E 12th StPueblo, CO 81001
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$1,250 - $1,325
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2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,250 - $1,325
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Mountain View Meadows
121 Kokomo StColorado Springs, CO 80911
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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$1,254 - $1,900
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$1,254 - $1,900
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$1,254 - $1,900
Mechanics Building
209 N Main StPueblo, CO 81003
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Studio to 2 Bedroom Apartments
Kona Kai
2216 7th AvePueblo, CO 81003
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1 to 2 Bedroom Apartments
Steel City Flats
625 W 14th StPueblo, CO 81003
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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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Studio to 2 Bedroom Apartments
Kalo Broadmoor Tower
929 Arcturus DrColorado Springs, CO 80905
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1 to 3 Bedroom Apartments
Landmark Apartments
19-21 Amherst AvePueblo, CO 81005
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1 to 2 Bedroom Apartments
Shores at Lakeview
1300 Lakeview AvePueblo, CO 81004
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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Studio to 2 Bedroom Apartments
Kalo Broadmoor Terrace
920 Arcturus DrColorado Springs, CO 80905
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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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Studio to 3 Bedroom Apartments
Belmont Heights
1408 E 21st StPueblo, CO 81001
1502 Locust St
Canon CityCO81212
123 W Cokedale Dr
Pueblo WestCO81007
104 E Main St
FlorenceCO81226
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.
1513 Greenwood Ave
Canon CityCO81212
2160 Washington St
Canon CityCO81212
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1 to 3 Bedroom Apartments
Wildridge
2485 Gold Rush DrColorado Springs, CO 80906
163 W Cokedale Dr
Pueblo WestCO81007
3225 Baltimore Ave
PuebloCO81008
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Studio to 2 Bedroom Apartments
25 Broadmoor
25 Sommerlyn RdColorado Springs, CO 80906
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1 to 3 Bedroom Apartments
The Preserve at Belmont
2700 Troy AvePueblo, CO 81001
803 Phay Ave
Canon CityCO81212
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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2 to 4 Bedroom Apartments
Stonegate Village Apartments
393 E Spaulding AvePueblo, CO 81007
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1 to 3 Bedroom Apartments
Broadmoor Springs
420 E Cheyenne Mountain BlvdColorado Springs, CO 80906
667 E Clarion Dr
Pueblo WestCO81007
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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 | $994 | $824 | $1,527 |
| Penrose 1 Bedroom Apartments | $1,365 | $785 | $2,400 |
| Penrose 2 Bedroom Apartments | $1,766 | $900 | $3,895 |
| Penrose 3 Bedroom Apartments | $1,969 | $1,199 | $3,230 |
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 $769. Garrison Edge in the Stratton Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $774. 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 | $769 |
| Garrison Edge | S1 | Studio,1BA | $774 |
| Stardust Plaza Apartments | Large one bedroom | 1BR,1BA | $815 |
| Steel City Flats | 1x1 Carpet LR/BR | 1BR,1BA | $845 |
| Kalo Broadmoor Tower | KaloSolo | 1BR,1BA | $875 |
| Kalo Broadmoor Terrace | KaloUnity | Studio,1BA | $909 |
| The Aberdeen Apartments | Studio | Studio,1BA | $945 |
| Grand West at Covington | 1 Bedroom/1 Bath | 1BR,1BA | $986 |
| Lookout at Broadmoor | One Bedroom One Bathroom (A3) | 1BR,1BA | $1,040 |
| Cheyenne Crest | Ellen | Studio,1BA | $1,152 |
Best Value Apartments for Rent in Penrose, CO and Nearby
As of August 21, 2026 the best value apartment in the Penrose area is the $1.42 price per square foot The Sky Pilot Model at Meadows At Cheyenne Mountain in the in the Cheyenne Hills neighborhood starting from $1,685. The second greatest value Penrose apartment is the 3 bedroom Model at North Ridge Heights starting at $1,500 with a $1.36 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. |
|---|---|---|---|
| Meadows At Cheyenne Mountain | The Sky Pilot | 3BR,2BA | $1.42 |
| North Ridge Heights | 3 bedroom | 3BR,2BA | $1.36 |
| West Hill | Sawatch | 2BR,2BA | $1.40 |
| Bonterra Lakeside Apartments | Cypress | 2BR,1BA | $1.53 |
| Steel City Flats | 1x1 Carpet LR/BR | 1BR,1BA | $0.94 |
| Mountain View Meadows | B1 | 2BR,1BA | $1.67 |
| Stardust Plaza Apartments | Large one bedroom | 1BR,1BA | $1.28 |
| Lookout at Broadmoor | One Bedroom One Bathroom (A1) | 1BR,1BA | $1.66 |
| Grand West at Covington | 1 Bedroom/1 Bath | 1BR,1BA | $1.58 |
| Kalo Broadmoor Tower | KaloSolo-Premium | 1BR,1BA | $1.53 |
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.
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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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See the most popular apartments and homes in Penrose, CO
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 Garrison Edge listed at $774.
How much is rent for a Cheap One Bedroom Penrose Apartment?
The lowest price for a Cheap One Bedroom Penrose Apartment is $769 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 $1,049 at Garrison Edge.
What is the most affordable Penrose Three Bedroom Apartment?
The best deal on a cheap Penrose Three Bedroom Apartment rental is at North Ridge Heights and starts from $1,500.
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
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.
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.