
Apartments for Rent in Penrose, CO Under $1,500 (61 Rentals)


Cheyenne Crossing

Cobblestone Ridge

25 Broadmoor

Quail Cove
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.

Mesa Ridge

Broadmoor Ridge

Meadows At Cheyenne Mountain

Retreat at Cheyenne Mountain

Mountain View

Cottages at Mesa Ridge

Oasis at Belmont

Broadmoor Park Terrace

Broadmoor Park Tower

2018 Vinewood Apartments

Mesa Gardens

Villas at Park West
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.

1936 Vinewood Apartments

Moore Ave Apartments

Stonegate Village Apartment Homes

Willowbrook Apartments

Lookout at Broadmoor

Cheyenne Crest

Baltimore Heights

Grand West at Covington
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.

Belmont Manor

Regency Tower Senior 55 Plus Apartments

Mountain View Meadows

Stardust Plaza Apartments

The Estates At Cheyenne Blvd

Wildridge

1807 Mohawk Rd

5000 Red Creek Springs Rd

307 Tyler St

2323 Elizabeth St

51 Castle Royal Dr

3602 Morris Ave

55 Castle Royal Dr

1 Castle Royal Dr

1119 Conley St

301 W Mangrum Dr

3924 Devonshire Ln

2160 Washington St

2421 Adrian Ave
Penrose, CO Local Guide

How much does it cost to rent an apartment in Penrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penrose Studio Apartments | $1,268 | $825 | $2,400 |
Penrose 1 Bedroom Apartments | $1,331 | $699 | $3,000 |
Penrose 2 Bedroom Apartments | $1,676 | $805 | $3,780 |
Penrose 3 Bedroom Apartments | $2,075 | $926 | $4,758 |
Penrose 4 Bedroom Apartments | $1,610 | $1,385 | $1,795 |
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Penrose, CO Local Guide
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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.
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 Penrose
How much are Studio apartments in Penrose?
There are currently 7 Studio Apartments in Penrose with rent ranges from $825 to $2,400 with an average price of $1,268.
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 $699 to $3,000 with an average monthly rent of $1,331.
What does renting a Two Bedroom Apartment in Penrose cost?
The monthly rent prices of Two Bedroom Apartments currently available in Penrose range from $805 to $3,780. Today's average rental price for Two Bedrooms here is $1,676.
How expensive are Penrose Three Bedroom Apartments?
There are currently 25 Three Bedroom Apartments listings available in Penrose on ApartmentHomeLiving.com. The pricing ranges from $926 to $4,758 - averaging $2,075 for the location.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.