Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penrose area of Saint Louis.

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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744 Walton Ave
$750
Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750
1 to 2 Bedroom Apartment Available Now

744 Walton Ave

744 Walton AveSt. Louis, MO 63108
Affordability

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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5706 Thekla
1 Bedroom Apartments

5706 Thekla

5706 Thekla AveSt. Louis, MO 63120
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Stratford Manor
1 to 2 Bedroom Apartments

Stratford Manor

4000 Peyton LnSt. Louis, MO 63120
Senior Living

From Arch to Apartment: The St. Louis Insider's Guide to Renting Near the Area's Top Employers

The St. Louis Insider's Guide to renting near BJC, WashU, Boeing, SSM Health, and Anheuser-Busch. Find your perfect neighborhood to balance commute, lifestyle, and budget.

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Hyde Park Village
1 to 2 Bedroom Apartments

Hyde Park Village

4040 Peck StSt. Louis, MO 63107
Senior Living
  • Utilities Included
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PT Bosley Estates
1 Bedroom Apartments

PT Bosley Estates

4500 Mary AveSt. Louis, MO 63107
Senior Living
  • Utilities Included
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San Remo Apartments
1 to 4 Bedroom Apartments

San Remo Apartments

848 N Kingshighway BlvdSt. Louis, MO 63108
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Archway Commons
1 to 2 Bedroom Apartments

Archway Commons

2707 Rauschenbach AveSt. Louis, MO 63106
  • Utilities Included

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

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Calvary Apartments
1 Bedroom Apartments

Calvary Apartments

5239 W Florissant AveSt. Louis, MO 63115
Showing Results 1-35, Page 1 of 1

Penrose, St. Louis, MO Local Guide

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 $679. 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 ListingModel NameBed/BathPriced From
The Regency at Saint LouisStudioStudio,1BA$679
Fairgrounds Park Place ApartmentsThe Cypress - 1Br / 1Ba1BR,1BA$680
Homer G. Phillips Apartments for 55 and olderOne Bedroom One Bath1BR,1BA$765
5345-49 Cabanne1 Bedroom1BR,1BA$800
Sullivan Place Apartments1 Bed, 1 bath1BR,1BA$895
StetsonStudio1BR,1BA$900

Best Value Apartments for Rent in Penrose, MO

As of July 27, 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 $1,100 with a $0.73 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 ListingModel NameBed/BathPrice Per Sq.Ft.
4628 Enright Ave, Unit 24628 Enright Ave3BR,1BA$0.87
4626 Enright Ave4626 Enright Ave2BR,1BA$0.73
5126 Lexington Ave, Unit 25126 Lexington Ave2BR,1BA$0.75
Homer G. Phillips Apartments for 55 and olderTwo Bedroom One Bath2BR,1BA$0.88
College Hill Apartments2 Bedroom2BR,1.5BA$0.95
4947 Cote Brilliante Ave, Unit 4947 #14947 Cote Brilliante Ave2BR,1BA$0.98
4839 Hammett Pl, Unit 4839 Hammett Pl4839 Hammett Pl2BR,1BA$0.84
744 Walton Ave744 Walton Ave2BR,1BA$1.00
3965 N 21st St3965 N 21st St3BR,1BA$1.14
Fairgrounds Park Place ApartmentsThe Cypress - 1Br / 1Ba1BR,1BA$1.19

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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Local 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Lifestyle
Penrose, Saint Louis, MO

Ranked #152

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Penrose, Saint Louis, MO

School data provided by Great Schools

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 $679.

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 $930 at Homer G. Phillips Apartments for 55 and older.

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

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St. Louis Living: Your Local Expert's 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.

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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.

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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.

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