6909 Boss Ranch Rd
OdessaTX79765
Cheap Homes for Rent in Penwell, TX from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Penwell.
1126 Gary Terrace
OdessaTX79764
1132 Gary Terrace
OdessaTX79764
1136 Gary Terrace
OdessaTX79764
1122 Gary Terrace
OdessaTX79764
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.
1134 Gary Terrace
OdessaTX79764
1128 Gary Terrace
OdessaTX79764
1140 Gary Terrace
OdessaTX79764
14730 S Bonanza Ave
OdessaTX79766
1600 Doran Dr
OdessaTX79761
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.
814 E 15th St
OdessaTX79761
Showing Results 1-11, Page 1 of 1
Penwell, TX Local Guide
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How much does it cost to rent a home in Penwell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penwell 2 Bedroom Homes for Rent | $1,277 | $1,099 | $1,900 |
| Penwell 3 Bedroom Homes for Rent | $2,273 | $1,500 | $3,500 |
| Penwell 4 Bedroom Homes for Rent | $3,137 | $2,200 | $6,000 |
Browse Top Homes for Rent in Penwell
Explore Penwell
Penwell, TX Local Guide
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Cheapest Available Penwell Apartments for Rent and Nearby
The cheapest available apartment rental in Penwell, TX is a 1 Bed unit found at Sunset priced from $875. Westwinds Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Penwell apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sunset | 1 Bedroom Apartment Home | 1BR,1BA | $875 |
| Westwinds Village | 1/1, 519 sq ft | 1BR,1BA | $895 |
| Mission Village of Monahans | 2 Bedroom | 2BR,1BA | $899 |
| The Paddocks Apartments | A1 U | 1BR,1BA | $900 |
| Alturas Eleventh | Rise | 1BR,1BA | $900 |
Best Value Apartments for Rent in Penwell, TX and Nearby
As of September 20, 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 2 Bedroom Model at Mission Village of Monahans starting at $899 with a $0.84 price per square foot . Here is today’s list of the best values for Penwell apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Country Crest Townhomes | Two Bedroom Townhome | 2BR,1.5BA | $1.30 |
| Mission Village of Monahans | 2 Bedroom | 2BR,1BA | $0.84 |
| Cru Apartments | 2x2 | 2BR,2BA | $1.38 |
| Fairgreen | 2x1 | 2BR,1.5BA | $1.30 |
| Hemingway House Apartments | B | 1BR,1BA | $1.36 |
| Westwood Square | One Bedroom Apartment Home | 1BR,1BA | $1.27 |
| Brookview | 1 Bedroom Apartment Home | 1BR,1BA | $1.60 |
| The Woodlands Apartment Homes | Edwards-Classic | 1BR,1BA | $1.61 |
| Madison Square | 1 Bedroom Apartment Home | 1BR,1BA | $1.60 |
| Brady Station Apartments | The Barcroft | 1BR,1BA | $1.61 |
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See the most popular apartments and homes in Penwell, TX
Frequently Asked Questions about Penwell
What type of rentals are currently available in Penwell?
There are currently 40 Apartments for Rent in Penwell, TX with pricing that ranges from $700 to $2,570. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penwell ranging from $900 to $6,000.
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 $900 to $6,000 with an average monthly rent of $1,921.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.