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from $672Studio 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 $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penrose area of Saint Louis.
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from $6801 to 2 Bedroom Apartments Available Now
Fairgrounds Park Place Apartments
3644 Natural Bridge RdSt. Louis, MO 63107
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4815 Anderson Ave
St. LouisMO63115
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from $7502 Bedroom Apartment Available Now
748 Walton Ave, Unit 748 Walton
748 Walton AveSt. Louis, MO 63108
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from $7651 to 2 Bedroom Apartments Available Now
Homer G. Phillips Apartments for 55 and older
2601 Whittier StSt. Louis, MO 63113
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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from $7951 Bedroom Apartments Available Now
5720-5722 Thekla Ave
5720-5722 Thekla AveSt. Louis, MO 63120
5066 W Florissant Ave
St. LouisMO63115
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from $8251 Bedroom Apartments Available Now
4258-4260 Farlin Avenue
4258-4260-4260 Farlin AveSt. Louis, MO 63115
4764 Ashland Ave
St. LouisMO63115
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Rent Specials
from $8692 Bedroom Apartments Available Now
The Reserve at Heritage
4378 Cottage AveSt. Louis, MO 63113
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37xx Shreve Ave
St. LouisMO63115
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from $9002 Bedroom Apartment Available Now
5126 Lexington Ave, Unit 2
5126 Lexington AveSt. Louis, MO 63115
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Showing Results 1-26, 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 | $1,124 | $672 | $1,742 |
| Penrose 1 Bedroom Apartments | $1,264 | $680 | $2,113 |
| Penrose 2 Bedroom Apartments | $1,153 | $695 | $2,400 |
| Penrose 3 Bedroom Apartments | $1,400 | $1,400 | $1,400 |
Browse Apartments in this Neighborhood
There are currently 26 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 $672. 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 | $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 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1BA | $850 |
| The Reserve at Heritage | 2 Bed Garden Large | 2BR,1BA | $869 |
| CWE | Studio - EMB05 | Studio,1BA | $885 |
Best Value Apartments for Rent in Penrose, MO
As of June 24, 2025 the best value apartment in the Penrose area is the $0.76 price per square foot 2026 E Adelaide Ave Model at 2026 E Adelaide Ave, Unit Downstairs in the in the Lewis Place neighborhood starting from $1,100. 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. |
|---|---|---|---|
| 2026 E Adelaide Ave, Unit Downstairs | 2026 E Adelaide Ave | 2BR,1BA | $0.76 |
| 5126 Lexington Ave, Unit 2 | 5126 Lexington Ave | 2BR,1BA | $0.75 |
| 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 |
| 748 Walton Ave, Unit 748 Walton | 748 Walton Ave | 2BR,1BA | $0.83 |
| The Reserve at Heritage | 2 Bed Garden | 2BR,1.5BA | $1.07 |
| Fairgrounds Park Place Apartments | *The Cypress | 1BR,1BA | $1.19 |
| CWE | Studio - EMB05 | Studio ,1BA | $1.61 |
| 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 #120
Among neighborhoods in Saint Louis, MO 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-6 (226)
2 out of 10
Yeatman-Liddell Middle School
St. Louis City School District
Public School - Grades 6-8 (284)
1 out of 10
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 the Cheapest Studio apartment in Penrose?
Currently the most affordable Cheap Studio Apartment in Penrose is at The Regency at Saint Louis listed at $672.
How much is rent for a Cheap One Bedroom Penrose Apartment?
The lowest price for a Cheap One Bedroom Penrose Apartment is $680 at Fairgrounds Park Place Apartments.
What is the lowest price for a Cheap Two Bedroom Penrose Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penrose is starting from $825 at Fairgrounds Park Place Apartments.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.