
Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (36 Rentals)
Cheap Apartments in the Penrose area of Saint Louis.


Fairgrounds Park Place Apartments

4119 W Carter Ave, Unit 4119 Carter Ave

4643 Evans Ave

3913 Jennings Station Rd

Homer G. Phillips Apartments for 55 and older

5066 W Florissant Ave

4545 Ashland Ave
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

The Reserve at Heritage

The Ambassador (The Stetson)

5126 Lexington Ave, Unit 2

Convent Gardens Apartments

3338 Aubert Ave

3103 N Taylor Ave, Unit 2nd Floor

West End Terrace

1386 Burd Ave
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5223 Ashland Ave

Expo at Forest Park

5019 Genevieve Ave

4431 Ashland Ave
St. Louis's Best Affordable Neighborhoods
Learn about St. Louis and the best places to live with original content written by our St. Louis, MO Local Expert Taryn Shorr-Mckee
Penrose, St. Louis, MO Local Guide

How much does it cost to rent an apartment in Penrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penrose Studio Apartments | $1,437 | $672 | $2,944 |
Penrose 1 Bedroom Apartments | $1,719 | $680 | $3,447 |
Penrose 2 Bedroom Apartments | $1,997 | $489 | $5,413 |
Penrose 3 Bedroom Apartments | $1,755 | $679 | $5,253 |
Browse Apartments in this Neighborhood
There are currently 36 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of Saint Louis, MO.
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Penrose, St. Louis, MO Local Guide
- Nearby Saint Louis neighborhoods
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Cheapest Available Penrose Apartments for Rent
 The cheapest available apartment rental in the Penrose area of St. Louis, MO is a 2 Beds unit found at Coronado Place and Towers priced from $489. The Regency at Saint Louis has the second lowest priced unit, which is a Studio apartment currently listed from $672. Here are the most affordable Penrose apartments for rent in St. Louis, MO:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Coronado Place and Towers | The Topaz | 2BR,1BA | $489 |
The Regency at Saint Louis | Studio | Studio,1BA | $672 |
Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $680 |
Homer G. Phillips Apartments for 55 and older | One Bedroom One Bath | 1BR,1BA | $765 |
The Savoy | 1 Bed / 1 Bath - Compact Option | 1BR,1BA | $800 |
College Hill Apartments | 2 Bedroom Townhouse | 2BR,1BA | $850 |
The Reserve at Heritage | 2 Bed Garden Large | 2BR,1BA | $869 |
The Ambassador (The Stetson) | Studio / 1 Bath - Value Option | Studio,1BA | $900 |
Best Value Apartments for Rent in Penrose, MO
As of May 04, 2025 the best value apartment in the Penrose area is the $0.82 price per square foot 4472 Enright Ave Model at 4472 Enright Ave, Unit 4472A enright in the in the Cheltenham neighborhood starting from $1,275. The second greatest value Penrose apartment is the 5126 Lexington Ave Model at 5126 Lexington Ave, Unit 2 starting at $900 with a $0.75 price per square foot in the Lewis Place 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. |
---|---|---|---|
4472 Enright Ave, Unit 4472A enright | 4472 Enright Ave | 3BR,1BA | $0.82 |
5126 Lexington Ave, Unit 2 | 5126 Lexington Ave | 2BR,1BA | $0.75 |
2142 Farrar St, Unit A | 2142 Farrar St | 2BR,1BA | $0.94 |
Homer G. Phillips Apartments for 55 and older | Two Bedroom One Bath | 2BR,1BA | $0.95 |
College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.83 |
3103 N Taylor Ave, Unit 2nd Floor | 3103 N Taylor Ave | 2BR,1BA | $1.06 |
The Reserve at Heritage | 2 Bed Garden | 2BR,1.5BA | $1.07 |
4119 W Carter Ave, Unit 4119 Carter Ave | 4119 W Carter Ave | 1BR,1BA | $0.96 |
Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $1.19 |
The Regency at Saint Louis | Studio | Studio ,1BA | $1.58 |
Quick Rent Budget Calculator
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Pet Friendly LifestylePenrose, Saint Louis, MO
Ranked #127
Among neighborhoods in Saint Louis, MO for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Penrose, Saint Louis, MO
Ashland Elementary And Br.
Yeatman-Liddell Middle School
School data provided by Great Schools
Getting Around the Penrose Neighborhood in Saint Louis, MO
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
40 / 100
Some Transit
A few nearby public transportation options
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 Cheap Penrose Apartments
What is a cheap apartment in Penrose?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penrose is under $900.
What is the price of a cheap apartment in Penrose?
The cheapest apartment in Penrose is Fairgrounds Park Place Apartments which is listed at $680, while the average apartment in Penrose costs $1,495.
What types of apartments are the cheapest in Penrose?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 96 regular apartments in Penrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Penrose?
Cheap apartments in Penrose have an average cost of $1,290 which is $205 cheaper than the average rent for all rentals in Penrose.
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.

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis
Written by: Taryn Shorr-Mckee
I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.