6041 Harney Ave
St. LouisMO63136
Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penrose area of Saint Louis.
1333 Walton Ave
St. LouisMO63113
4362 Maffitt Ave
St. LouisMO63113
4129 Turner Ave
St. LouisMO63115
4221 Dardenne Dr
St. LouisMO63120
4424 Marcus Ave
St. LouisMO63115
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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
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$6501 Bedroom Apartments Available Now
4732 W Florissant Ave, Unit 2nd Floor
4732 W Florissant AveSt. Louis, MO 63115
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
4732 W Florissant Ave
St. LouisMO63115
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$6951 Bedroom Apartment Available Now
4119 Carter Ave, Unit 4119 West Carter, Unit 4119 West Carter
4119 Carter AveSt. Louis, MO 63107
4922 Davison Ave
St. LouisMO63120
3819 Kossuth Ave
St. LouisMO63107
2028 E Prairie Ave
St. LouisMO63107
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$7501 to 2 Bedroom Apartment Available Now
744 Walton Ave
744 Walton AveSt. Louis, MO 63108
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$7501 Bedroom Apartment Available Now
3867 Ashland Ave, Unit 3867 1st Floor, Unit 3867 1st Floor
3867 Ashland AveSt. Louis, MO 63107
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Rent Specials
$765 - $1,0191 to 2 Bedroom Apartments Available Now
Homer G. Phillips Apartments for 55 and older
2601 Whittier StSt. Louis, MO 63113
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.
4521 Oakwood Ave
St. LouisMO63121
5657 Roosevelt Pl
St. LouisMO63120
4641 Washington Ave
St. LouisMO63108
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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
5134 Oriole Ave
St. LouisMO63120
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 to 2 Bedroom Apartments
Fairgrounds Park Place Apartments
3644 Natural Bridge RdSt. Louis, MO 63107
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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
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1 Bedroom Apartments
Calvary Apartments
5239 W Florissant AveSt. Louis, MO 63115
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.
Showing Results 1-32, 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 | $708 | $649 | $1,185 |
| Penrose 1 Bedroom Apartments | $1,050 | $650 | $1,575 |
| Penrose 2 Bedroom Apartments | $1,374 | $750 | $2,625 |
| Penrose 3 Bedroom Apartments | $1,237 | $1,070 | $1,350 |
Browse Apartments in this Neighborhood
There are currently 32 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 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 | 1BR,1BA | $680 |
| Homer G. Phillips Apartments for 55 and older | One Bedroom One Bath | 1BR,1BA | $765 |
| Sullivan Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $895 |
| College Hill Apartments | 2 Bedroom | 2BR,1BA | $970 |
Best Value Apartments for Rent in Penrose, MO
As of April 28, 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 2030 E Fair Ave Model at 2030 E Fair Ave, Unit 2nd floor starting at $1,250 with a $1.04 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. |
|---|---|---|---|
| 4628 Enright Ave, Unit 2 | 4628 Enright Ave | 3BR,1BA | $0.87 |
| 2030 E Fair Ave, Unit 2nd floor | 2030 E Fair Ave | 2BR,1BA | $1.04 |
| 5126 Lexington Ave, Unit 2 | 5126 Lexington Ave | 2BR,1BA | $0.75 |
| Stetson | B2 | 2BR,2BA | $1.18 |
| Homer G. Phillips Apartments for 55 and older | Two Bedroom One Bath | 2BR,1BA | $0.88 |
| College Hill Apartments | 2 Bedroom | 2BR,1.5BA | $0.95 |
| 4947 Cote Brilliante Ave, Unit 4947 #1 | 4947 Cote Brilliante Ave | 2BR,1BA | $0.98 |
| 744 Walton Ave | 744 Walton Ave | 2BR,1BA | $1.00 |
| 4119 Carter Ave, Unit 4119 West Carter | 4119 Carter Ave | 1BR,1BA | $0.96 |
| Fairgrounds Park Place Apartments | The Cypress - 1Br / 1Ba | 1BR,1BA | $1.19 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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
Read ArticleQuick Rent Budget Calculator
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 #161
Among cities in Missouri for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Penrose, Saint Louis, MO
Ashland Elementary And Br.
St. Louis City School District
Public School - Grades PK-5 (226)
4 out of 10
Yeatman-Liddell Middle School
St. Louis City School District
Public School - Grades 6-8 (284)
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 $970.
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 7 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 $152 which is $1,148 cheaper than the average rent for all rentals in Penrose.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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Renting your next home can feel thrilling and overwhelming at the same time.