Cheap Homes for Rent in Penwell, TX from $700 (4 Rentals)

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Penwell, TX Local Guide

Best Value Apartments for Rent in Penwell, TX and Nearby

As of November 17, 2025 the best value apartment in the Penwell area is the $1.30 price per square foot Two Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,460. The second greatest value Penwell apartment is the Caprock Model at Faudree Ranch Apartments starting at $1,629 with a $1.48 price per square foot . Here is today’s list of the best values for Penwell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Country Crest TownhomesTwo Bedroom Townhome2BR,1.5BA$1.30
Faudree Ranch ApartmentsCaprock2BR,2BA$1.48
Cru Apartments2x22BR,2BA$1.38
Hemingway House ApartmentsD2BR,2BA$1.51
Fairgreen1x11BR,1BA$1.29
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.27
Brookview1 Bedroom Apartment Home1BR,1BA$1.55
The Woodlands Apartment HomesEdwards-Classic1BR,1BA$1.61
Pebblebend ApartmentsBU1BR,1BA$1.62
Madison Square1 Bedroom Apartment Home1BR,1BA$1.60

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Penwell

What type of rentals are currently available in Penwell?

There are currently 41 Apartments for Rent in Penwell, TX with pricing that ranges from $700 to $2,570. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penwell ranging from $725 to $21,500.

What is the current price range for Rental Homes in Penwell?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Penwell ranges from $725 to $21,500 with an average monthly rent of $5,926.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.