Cheap Apartments for Rent in Penrose, CO from $600 (39 Rentals)

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Stardust Plaza Apartments
$785 - $900
Total Monthly Price

Total Monthly Price

Base Rent
$785 - $900

Total Monthly Price
$785 - $900
1 to 2 Bedroom Apartments Available Now

Stardust Plaza Apartments

3005 Baystate AvePueblo, CO 81005
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Kona Kai
$800 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$783 - $1,483
Required Monthly Fees
$17

Total Monthly Price
$800 - $1,500
Studio to 2 Bedroom Apartments Contact Us For Availability

Kona Kai

2216 7th AvePueblo, CO 81003
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Briarwood Apartments
$895 - $1,095
Total Monthly Price

Total Monthly Price

Base Rent
$895 - $1,095

Total Monthly Price
$895 - $1,095
1 to 2 Bedroom Apartments Available Now

Briarwood Apartments

2032 Carlee DrPueblo, CO 81005
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Lookout at Broadmoor
Rent Specials
$940 - $2,040
Total Monthly Price

Total Monthly Price

Base Rent
$940 - $2,040

Total Monthly Price
$940 - $2,040
Studio to 3 Bedroom Apartments Available Now

Lookout at Broadmoor

810-816 Oxford LnColorado Springs, CO 80905
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Cottages at Mesa Ridge
Rent Specials
$1,024 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$983 - $2,409
Required Monthly Fees
$41

Total Monthly Price
$1,024 - $2,450
Studio to 2 Bedroom Apartments Available Now

Cottages at Mesa Ridge

7580 Segundo GroveFountain, CO 80817
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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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Cheyenne Crest
$1,050 - $2,006
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $2,006

Total Monthly Price
$1,050 - $2,006
Studio to 2 Bedroom Apartments Available Now

Cheyenne Crest

4008 Westmeadow DrColorado Springs, CO 80906
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Cottages on the Boulevard
Rent Specials
$1,099 - $2,116
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $2,067
Required Monthly Fees
$49

Total Monthly Price
$1,099 - $2,116
Studio to 2 Bedroom Apartments Available Now

Cottages on the Boulevard

3320 Sanchez LnPueblo, CO 81008
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Mesa Ridge
Rent Specials
$1,199 - $2,369
Total Monthly Price

Total Monthly Price

Base Rent
$1,179 - $2,349
Required Monthly Fees
$20

Total Monthly Price
$1,199 - $2,369
1 to 3 Bedroom Apartments Available Now

Mesa Ridge

7765 S Pitcher Point PtFountain, CO 80817
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Skyview
1 to 3 Bedroom Apartments

Skyview

2025 Jerry Murphy RdPueblo, CO 81001

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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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Steel City Flats
1 to 2 Bedroom Apartments

Steel City Flats

625 W 14th StPueblo, CO 81003
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Garrison Edge
Studio to 2 Bedroom Apartments

Garrison Edge

1026 Rice DrColorado Springs, CO 80905
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Kalo Broadmoor Tower
Studio to 2 Bedroom Apartments

Kalo Broadmoor Tower

929 Arcturus DrColorado Springs, CO 80905
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Baltimore Heights
1 to 4 Bedroom Apartments

Baltimore Heights

3551 Baltimore AvePueblo, CO 81008

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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.

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Shores at Lakeview
1 to 2 Bedroom Apartments

Shores at Lakeview

1300 Lakeview AvePueblo, CO 81004
Corporate Housing
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Moore Ave Apartments
1 to 2 Bedroom Apartments

Moore Ave Apartments

1691 Moore AvePueblo, CO 81005
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Belmont Heights
Studio to 3 Bedroom Apartments

Belmont Heights

1408 E 21st StPueblo, CO 81001
Corporate Housing
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25 Broadmoor
Studio to 2 Bedroom Apartments

25 Broadmoor

25 Sommerlyn RdColorado Springs, CO 80906
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The Reserve
1 to 2 Bedroom Apartments

The Reserve

1007 Ruppel StPueblo, CO 81001

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Wildridge
1 to 3 Bedroom Apartments

Wildridge

2485 Gold Rush DrColorado Springs, CO 80906
  • Utilities Included

Penrose, CO Local Guide

Cheapest Available Penrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penrose, CO is a 1 Bed unit found at Skyview priced from $699. Stardust Plaza Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Penrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Skyview1x1_4241BR,1BA$699
Stardust Plaza ApartmentsSmall one bedroom1BR,1BA$785
Stonegate Village Apartments2 Bedroom2BR,1BA$789
Briarwood Apartments1 Bedroom1BR,1BA$895
Kalo Broadmoor TowerKaloSolo1BR,1BA$895
Lookout at BroadmoorOne Bedroom One Bathroom (A1)1BR,1BA$940
Grand West at Covington1 Bedroom/1 Bath1BR,1BA$986
The Aberdeen Apartments1 bedroom Garden Level1BR,1BA$995
25 BroadmoorPortales1BR,1BA$999
Cottages on the Boulevard0x1 - 363 sqft - S1Studio,1BA$1,099

Best Value Apartments for Rent in Penrose, CO and Nearby

As of January 29, 2026 the best value apartment in the Penrose area is the $1.04 price per square foot 2BR/2.0BA Model at Welcome to Lazy Days Mobile Home Village! in the in the Deerfield Hills neighborhood starting from $1,450. The second greatest value Penrose apartment is the KaloDuo-Premium Model at Kalo Broadmoor Terrace starting at $1,219 with a $1.19 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Welcome to Lazy Days Mobile Home Village!2BR/2.0BA2BR,2BA$1.04
Kalo Broadmoor TerraceKaloDuo-Premium2BR,1BA$1.19
Mesa GardensThe Mesa3BR,1.5BA$1.28
North Ridge Heights2 Bedroom2BR,1BA$1.25
Mountain View Meadows3 Bedroom, 1 Bath3BR,1BA$1.54
Stonegate Village Apartments2 Bedroom2BR,1BA$0.91
Briarwood Apartments1 Bedroom1BR,1BA$1.38
Lookout at BroadmoorOne Bedroom One Bathroom (A1)1BR,1BA$1.49
Kalo Broadmoor TowerKaloSolo1BR,1BA$1.44
Stardust Plaza ApartmentsSmall one bedroom1BR,1BA$1.32

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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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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 Cottages on the Boulevard listed at $1,099.

How much is rent for a Cheap One Bedroom Penrose Apartment?

The lowest price for a Cheap One Bedroom Penrose Apartment is $699 at Skyview.

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 $789 at Stonegate Village Apartments.

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 $1,230.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

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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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.