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Rent Specials
$649 - $772Studio to 1 Bedroom Apartments Available Now
The Regency at Saint Louis
1600-1610 N Kingshighway BlvdSt. Louis, MO 63113
Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penrose area of Saint Louis.
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$680 - $8251 to 2 Bedroom Apartments Available Now
Fairgrounds Park Place Apartments
3644 Natural Bridge RdSt. Louis, MO 63107
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$6951 Bedroom Apartment Available Now
4119 Carter Ave, Unit 4119 West Carter
4119 Carter AveSt. Louis, MO 63107
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$6991 Bedroom Apartments Available Now
4732 W Florissant Ave
4732 W Florissant AveSt. Louis, MO 63115
4732 W Florissant Ave
St. LouisMO63115
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$7501 Bedroom Apartment Available Now
3867 Ashland Ave, Unit 3867 1st Floor
3867 Ashland AveSt. Louis, MO 63107
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.
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$7501 to 2 Bedroom Apartment Available Now
744 Walton Ave
744 Walton AveSt. Louis, MO 63108
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$765 - $1,0191 to 2 Bedroom Apartments Available Now
Homer G. Phillips Apartments for 55 and older
2601 Whittier StSt. Louis, MO 63113
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1 Bedroom Apartments
5706 Thekla
5706 Thekla AveSt. Louis, MO 63120
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1 to 2 Bedroom Apartments
Stratford Manor
4000 Peyton LnSt. Louis, MO 63120
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1 Bedroom Apartments
Hopewell Senior Village
4558 McMillan AveSt. Louis, MO 63108
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1 to 2 Bedroom Apartments
Hyde Park Village
4040 Peck StSt. Louis, MO 63107
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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1 to 2 Bedroom Apartments
Vandeventer Place II - Senior 55+ years
4315 Evans AveSt. Louis, MO 63113
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1 Bedroom Apartments
PT Bosley Estates
4500 Mary AveSt. Louis, MO 63107
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2 to 4 Bedroom Apartments
Stratford Commons Apartments
4201 Peyton LnSt. Louis, MO 63120
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1 to 4 Bedroom Apartments
San Remo Apartments
848 N Kingshighway BlvdSt. Louis, MO 63108
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1 to 2 Bedroom Apartments
Archway Commons
2707 Rauschenbach AveSt. Louis, MO 63106
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2 Bedroom Apartments
Dr Taylor Apartments
4374 W Belle PlSt. Louis, MO 63108
St. Louis Living: Your Local Expert's Guide to Neighborhoods and Renting
Moving to St. Louis? Get the ultimate insider's guide to the city's neighborhoods, from the historic CWE to residential Shaw. Find your perfect apartment and settle in like a local.
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1 Bedroom Apartments
Calvary Apartments
5239 W Florissant AveSt. Louis, MO 63115
Showing Results 1-19, Page 1 of 1
Penrose, St. Louis, MO Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose Studio Apartments | $649 | $649 | $649 |
| Penrose 1 Bedroom Apartments | $886 | $680 | $1,200 |
| Penrose 2 Bedroom Apartments | $1,452 | $750 | $2,580 |
| Penrose 3 Bedroom Apartments | $1,300 | $1,300 | $1,300 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of Saint Louis, MO.
See all Apartments in Saint LouisExplore Saint Louis
Penrose, St. Louis, MO Local Guide
- Nearby Saint Louis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Penrose Apartments for Rent
The cheapest available apartment rental in the Penrose area of St. Louis, MO is a Studio unit found at The Regency at Saint Louis priced from $649. Fairgrounds Park Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here are the most affordable Penrose apartments for rent in St. Louis, MO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Regency at Saint Louis | Studio | Studio,1BA | $649 |
| Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $680 |
| Homer G. Phillips Apartments for 55 and older | One Bedroom One Bath | 1BR,1BA | $765 |
| College Hill Apartments | Garden Style Apartment | 2BR,1BA | $850 |
| Sullivan Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $895 |
Best Value Apartments for Rent in Penrose, MO
As of March 13, 2026 the best value apartment in the Penrose area is the $0.87 price per square foot 4628 Enright Ave Model at 4628 Enright Ave, Unit 2 in the in the Cheltenham neighborhood starting from $1,300. The second greatest value Penrose apartment is the 4626 Enright Ave Model at 4626 Enright Ave starting at $1,200 with a $0.80 price per square foot in the Cheltenham 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. |
|---|---|---|---|
| 4628 Enright Ave, Unit 2 | 4628 Enright Ave | 3BR,1BA | $0.87 |
| 4626 Enright Ave | 4626 Enright Ave | 2BR,1BA | $0.80 |
| Homer G. Phillips Apartments for 55 and older | Two Bedroom One Bath | 2BR,1BA | $0.88 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.93 |
| 744 Walton Ave | 744 Walton Ave | 2BR,1BA | $1.00 |
| 4119 Carter Ave, Unit 4119 West Carter | 4119 Carter Ave | 1BR,1BA | $0.96 |
| CWE | One Bedroom One Bath - CHF600 | 1BR,1BA | $1.67 |
| Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $1.19 |
| The Regency at Saint Louis | One Bed One Bath | 1BR,1BA | $1.54 |
| 3867 Ashland Ave, Unit 3867 1st Floor | 3867 Ashland Ave | 1BR,1BA | $1.50 |
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.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleLocal Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the St. Louis, MO metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestylePenrose, Saint Louis, MO
Ranked #159
Among cities in Missouri for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Penrose, Saint Louis, MO
Yeatman-Liddell Middle School
St. Louis City School District
Public School - Grades 6-8 (0)
2 out of 10
School data provided by Great Schools
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 $1,200.
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 $1,300.
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 4 regular apartments in Penrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
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.
Helpful Local Expert Guides
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.
Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis
Written by: Taryn Shorr-Mckee
Finding the right neighborhood to rent near your St. Louis college or university isn’t just about convenience.
St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting
Written by: Taryn Shorr-Mckee
St. Louis is a historic city of neighborhoods — nearly 80 of them — each with its own personality, rhythm, and everyday comforts.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.