Cheap Apartments for Rent in Penrose, CO from $600 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in Penrose.

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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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Briarwood Apartments
1 to 2 Bedroom Apartments

Briarwood Apartments

2032 Carlee DrPueblo, CO 81005
  • Utilities Included

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Moore Ave Apartments
1 to 2 Bedroom Apartments

Moore Ave Apartments

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

Belmont Heights

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

25 Broadmoor

25 Sommerlyn RdColorado Springs, CO 80906
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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 The Aberdeen Apartments in the Sky View neighborhood priced from $695. Skyview in the Sky View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Penrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Aberdeen Apartments1 bedroom Garden Level1BR,1BA$695
Skyview1x1_4241BR,1BA$699
Oasis at BelmontOasis Belmont ** Special 2nd Month Free **1BR,1BA$849
Baltimore Heights1 Bed, 1 Bath1BR,1BA$850
Shores at LakeviewA11BR,1BA$899
Kalo Broadmoor TowerKaloUnityStudio,1BA$975
Kona KaiOne Bedroom1BR,1BA$975
Cheyenne CrossingWintergreen1BR,1BA$999
Kalo Broadmoor TerraceKaloUnityStudio,1BA$1,025
WildridgeE-11BR,1BA$1,060

Best Value Apartments for Rent in Penrose, CO and Nearby

As of September 07, 2025 the best value apartment in the Penrose area is the $1.38 price per square foot Three Bed Two Bath - C1 Model at Broadmoor Springs in the in the Stratton Meadows neighborhood starting from $1,795. The second greatest value Penrose apartment is the C1 Model at Villas at Park West starting at $1,899 with a $1.54 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Broadmoor SpringsThree Bed Two Bath - C13BR,2BA$1.38
Villas at Park WestC13BR,2BA$1.54
North Ridge Heights3 bedroom3BR,2BA$1.36
Bonterra Lakeside ApartmentsCypress2BR,1BA$1.47
Lookout at BroadmoorTwo Bedrooms One Bathroom (B1)2BR,1BA$1.64
25 BroadmoorStratton2BR,1BA$1.55
Westmeadow Peaks1 Bedroom1BR,1BA$1.63
Oasis at BelmontOasis Belmont ** Special ** 2nd Month Free **2BR,1BA$1.43
The Aberdeen Apartments1 bedroom Balcony Level1BR,1BA$1.47
Baltimore Heights1 Bed, 1 Bath1BR,1BA$1.42

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Pet Friendly Lifestyle
Penrose, CO

Ranked #132

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Penrose, CO Rentals by Map

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See the most popular apartments and homes in Penrose, CO

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Getting Around Penrose, CO

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $975.

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

The lowest price for a Cheap One Bedroom Penrose Apartment is $695 at The Aberdeen Apartments.

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 $999 at Oasis at Belmont.

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

Helpful Apartment Articles, How-To's and Tips

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.