Apartments for Rent in Penrose, CO Under $1,200 (35 Rentals)

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Cottages at Mesa Ridge
Rent Specials
$1,153 - $3,538
Total Monthly Price

Total Monthly Price

Base Rent
$1,111 - $3,496
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Studio to 2 Bedroom Apartments Available Now

Cottages at Mesa Ridge

7580 Segundo GroveFountain, CO 80817
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Cheyenne Crest
$1,102 - $1,752
Total Monthly Price

Total Monthly Price

Base Rent
$1,102 - $1,752
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Apr 30

Cheyenne Crest

4008 Westmeadow DrColorado Springs, CO 80906
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The Reserve
$949 - $1,175
Total Monthly Price

Total Monthly Price

Base Rent
$949 - $1,175
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Reserve

1007 Ruppel StPueblo, CO 81001
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Briarwood Apartments
$895 - $995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $995
Total Monthly Price
$895 - $995
1 Bedroom Apartments Available Now

Briarwood Apartments

2032 Carlee DrPueblo, CO 81005
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Lookout at Broadmoor
Rent Specials
$890 - $1,520
Total Monthly Price

Total Monthly Price

Base Rent
$890 - $1,520
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Lookout at Broadmoor

810-816 Oxford LnColorado Springs, CO 80905
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The Art of the Rental Viewing: What to look for during a property tour

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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Kona Kai
$818 - $1,518
Total Monthly Price

Total Monthly Price

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

Kona Kai

2216 7th AvePueblo, CO 81003
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Foundry at Pueblo
Rent Specials
$775 - $1,349
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $1,349
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Foundry at Pueblo

2025 Jerry Murphy RdPueblo, CO 81001
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property at 132 1/2 Greenwood Ave

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

132 1/2 Greenwood Ave

Canon CityCO81212
property at 119 Green St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 1 Bath Home for Rent

Available Now

119 Green St

FlorenceCO81226
property at 1502 Locust St

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Jun 10

1502 Locust St

Canon CityCO81212
property at 1480 Wilmont Rd

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

1 Bedroom, 1 Bath Home for Rent

Available Now

1480 Wilmont Rd

FlorenceCO81226

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
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Belmont Heights
Studio to 3 Bedroom Apartments

Belmont Heights

1408 E 21st StPueblo, CO 81001
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Moore Ave Apartments
1 to 2 Bedroom Apartments

Moore Ave Apartments

1691 Moore AvePueblo, CO 81005
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Shores at Lakeview
1 to 2 Bedroom Apartments

Shores at Lakeview

1300 Lakeview AvePueblo, CO 81004
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25 Broadmoor
Studio to 2 Bedroom Apartments

25 Broadmoor

25 Sommerlyn RdColorado Springs, CO 80906
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Baltimore Heights
1 to 4 Bedroom Apartments

Baltimore Heights

3551 Baltimore AvePueblo, CO 81008
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Garrison Edge
Studio to 2 Bedroom Apartments

Garrison Edge

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

Kalo Broadmoor Tower

929 Arcturus DrColorado Springs, CO 80905
Showing Results 1-35, Page 1 of 1

Penrose, CO Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The 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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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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Frequently Asked Questions about Penrose

How much are Studio apartments in Penrose?

There are currently 13 Studio Apartments in Penrose with rent ranges from $818 to $1,224 with an average price of $1,037.

What is the current price range for One Bedroom Penrose Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Penrose ranges from $695 to $2,540 with an average monthly rent of $1,439.

What does renting a Two Bedroom Apartment in Penrose cost?

The monthly rent prices of Two Bedroom Apartments currently available in Penrose range from $900 to $3,575. Today's average rental price for Two Bedrooms here is $1,814.

How expensive are Penrose Three Bedroom Apartments?

There are currently 28 Three Bedroom Apartments listings available in Penrose on ApartmentHomeLiving.com. The pricing ranges from $1,349 to $3,430 - averaging $2,117 for the location.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

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.

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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.