Studio Apartments for Rent near Penrose, CO (11 Rentals)

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Cheyenne Crest
$1,152 - $1,527
Total Monthly Price

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$1,152 - $2,015

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Studio Apartments Available Now

Cheyenne Crest

4008 Westmeadow DrColorado Springs, CO 80906
Corporate Housing
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Garrison Edge
$774 - $924
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$774 - $1,349

Total Monthly Price
Varies
Studio Apartments Available Now

Garrison Edge

1026 Rice DrColorado Springs, CO 80905
Affordability
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Kona Kai
Studio Apartments

Kona Kai

2216 7th AvePueblo, CO 81003
Corporate Housing
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25 Broadmoor
Studio Apartments

25 Broadmoor

25 Sommerlyn RdColorado Springs, CO 80906
Military
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Belmont Heights
Studio Apartments

Belmont Heights

1408 E 21st StPueblo, CO 81001
Corporate Housing

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.

Penrose, CO Local Guide

Largest Available Penrose and Nearby Studio Apartments

The largest available Studio apartment unit in Penrose, CO is found at Cheyenne Crest in the Cheyenne Hills neighborhood and is 546 square feet priced from $1,152. Kalo Broadmoor Terrace in the Stratton Meadows neighborhood has the second largest Studio, which is sized at 460 square feet and currently listed start at $909. Here is today’s list of the largest available Studio units in Penrose:

Apartment ListingModel NameSquare FootagePriced From
Cheyenne CrestEllen546 Sq Ft$1,152
Kalo Broadmoor TerraceKaloUnity460 Sq Ft$909
The Aberdeen ApartmentsStudio415 Sq Ft$945
Garrison EdgeS1380 Sq Ft$774

Cheapest Available Penrose and Nearby Studio Apartments

As of August 21, 2026 the lowest priced Studio apartment unit in Penrose, CO is the S1 Model starting from $774 at Garrison Edge in the Stratton Meadows neighborhood. The second most affordable Penrose Studio is the KaloUnity Model at Kalo Broadmoor Terrace starting at $909 . The average price for all Studio apartments in Penrose is currently $994. Here is today’s list of the cheapest available Studio options in Penrose:

Apartment ListingModel NamePriced From
Garrison EdgeS1$774
Kalo Broadmoor TerraceKaloUnity$909
The Aberdeen ApartmentsStudio$945
Cheyenne CrestEllen$1,152

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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Frequently Asked Questions about Studio Penrose Apartments

What is the Cheapest apartment in Penrose with Studio?

Currently the most affordable Studio in Penrose is at Garrison Edge listed at $774.

How much is the average rent for a Studio Penrose Apartment?

The average rent for a Studio Apartment in Penrose is $994.

What is the largest available Studio Penrose Apartment for rent?

Today's apartment with the most square footage in Penrose is a 546 square feet unit starting from $1,152 at Cheyenne Crest.

What is the average size for Penrose Studio Apartments for rent?

The average size for a Studio rental in Penrose is currently 434 sq ft.

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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.