
Cheap Homes for Rent in Penrose, CO from $1,100 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Penrose.


1126 Rudd Ave

190 E Spaulding Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

743 E Laporte Dr

1009 Tennessee Ave

3602 Morris Ave

531 Yale Pl

689 E Laporte Dr

917 W 2nd St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.

2402 W 17th St

501 Allison Ave

622 W 3rd St

422 W 2nd St
Penrose, CO Local Guide

How much does it cost to rent a home in Penrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penrose 2 Bedroom Homes for Rent | $1,444 | $1,295 | $1,695 |
Penrose 3 Bedroom Homes for Rent | $2,045 | $1,295 | $2,950 |
Penrose 4 Bedroom Homes for Rent | $2,432 | $2,350 | $2,500 |
Penrose 5 Bedroom Homes for Rent | $3,050 | $2,300 | $3,800 |
Browse Top Homes for Rent in Penrose
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Penrose, CO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Aberdeen Apartments | 1 bedroom Garden Level | 1BR,1BA | $695 |
Skyview | 1x1_424 | 1BR,1BA | $699 |
Oasis at Belmont | Oasis Belmont ** Special 2nd Month Free ** | 1BR,1BA | $849 |
Baltimore Heights | 1 Bed, 1 Bath | 1BR,1BA | $850 |
Shores at Lakeview | A1 | 1BR,1BA | $899 |
Best Value Apartments for Rent in Penrose, CO and Nearby
As of September 08, 2025 the best value apartment in the Penrose area is the $1.46 price per square foot Three Bed Two Bath - C1 Model at Broadmoor Springs in the in the Stratton Meadows neighborhood starting from $1,899. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Broadmoor Springs | Three Bed Two Bath - C1 | 3BR,2BA | $1.46 |
Villas at Park West | C1 | 3BR,2BA | $1.54 |
North Ridge Heights | 3 bedroom | 3BR,2BA | $1.36 |
Bonterra Lakeside Apartments | Cypress | 2BR,1BA | $1.47 |
Meadows At Cheyenne Mountain | The Alpine Primrose | 2BR,2BA | $1.57 |
25 Broadmoor | Stratton | 2BR,1BA | $1.55 |
Westmeadow Peaks | 1 Bedroom | 1BR,1BA | $1.63 |
Oasis at Belmont | Oasis Belmont ** Special ** 2nd Month Free ** | 2BR,1BA | $1.43 |
The Aberdeen Apartments | 1 bedroom Balcony Level | 1BR,1BA | $1.47 |
Baltimore Heights | 1 Bed, 1 Bath | 1BR,1BA | $1.42 |
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Pet Friendly LifestylePenrose, CO
Ranked #132
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Penrose
What type of rentals are currently available in Penrose?
There are currently 58 Apartments for Rent in Penrose, CO with pricing that ranges from $695 to $3,480. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $1,149 to $3,800.
What is the current price range for Rental Homes in Penrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penrose ranges from $1,149 to $3,800 with an average monthly rent of $2,024.
How much are larger Three and Four Bedroom Rentals in Penrose?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penrose range from $1,099 to $3,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,950. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $1,595.
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.

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.

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.

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.

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.