2 Bedroom Apartments for Rent in Penwell, TX (41 Rentals)

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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.

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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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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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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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Village Place
2 Bedroom Apartments

Village Place

1220 Adams AveOdessa, TX 79761
  • Utilities Included
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High Plains
2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
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Penwell, TX Local Guide

Largest Available Penwell and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Penwell, TX is found at Madison Square and is 1,200 square feet priced from $1,650. Advenir at Legado Ranch has the second largest 2 Bedroom, which is sized at 1,195 square feet and currently listed start at $1,799. Here is today’s list of the largest available 2 Bedroom units in Penwell:

Apartment ListingModel NameSquare FootagePriced From
Madison Square2 Bedroom Apartment Home1,200 Sq Ft$1,650
Advenir at Legado RanchJane1,195 Sq Ft$1,799
SUNSET LODGEB41,149 Sq Ft$1,712
The Woodlands Apartment HomesSouth Plains-Classic1,086 Sq Ft$1,475
Arbor OaksAO-21,080 Sq Ft$943
Latitude 31°2x2 Admiral1,071 Sq Ft$1,980
Mission Village of Monahans2 Bedroom1,070 Sq Ft$899
Woodview2 Bedroom Apartment Home1,052 Sq Ft$1,506
University GardensB21,052 Sq Ft$1,450
Fairgreen2x21,000 Sq Ft$1,305

Cheapest Available Penwell and Nearby 2 Bedroom Apartments

As of June 23, 2025 the lowest priced 2 Bedroom apartment unit in Penwell, TX is the 2 Bedroom Model starting from $899 at Mission Village of Monahans . The second most affordable Penwell 2 Bedroom is the AO-2 Model at Arbor Oaks starting at $943 . The average price for all 2 Bedroom apartments in Penwell is currently $1,466. Here is today’s list of the cheapest available 2 Bedroom options in Penwell:

Apartment ListingModel NamePriced From
Mission Village of Monahans2 Bedroom$899
Arbor OaksAO-2$943
AlaraB1$1,160
Alturas PenbrookElevate$1,170
Alturas EleventhElevate$1,175
University GardensB1$1,200
Trestles Condominiums2 Bedroom W/D Connection$1,200
Village Place2 Bedroom$1,200
Sunset2 Bedroom Apartment Home$1,234
The Woodlands Apartment HomesCross Timber-Classic$1,250

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Frequently Asked Questions about 2 Bedroom Penwell Apartments

How much is the average rent for a 2 Bedroom Penwell Apartment?

The average rent for a 2 Bedroom Apartment in Penwell is $1,466.

What is the largest available 2 Bedroom Penwell Apartment for rent?

Today's apartment with the most square footage in Penwell is a 1,200 square feet unit starting from $1,650 at Madison Square.

What is the average size for Penwell 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Penwell is currently 1,943 sq ft.

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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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.

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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.

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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.

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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.