Cheap Apartments for Rent in the Penrose Neighborhood of Saint Louis, MO from $400 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
close
View Me
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

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.

Read Article

Cash 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 Article
close
View Me
5706 Thekla
1 Bedroom Apartments

5706 Thekla

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

Stratford Manor

4000 Peyton LnSt. Louis, MO 63120
Senior Living
close
View Me
Hyde Park Village
1 to 2 Bedroom Apartments

Hyde Park Village

4040 Peck StSt. Louis, MO 63107
Senior Living
  • Utilities Included

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.

Read Article
close
View Me
PT Bosley Estates
1 Bedroom Apartments

PT Bosley Estates

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

San Remo Apartments

848 N Kingshighway BlvdSt. Louis, MO 63108
  • Utilities Included
close
View Me
Archway Commons
1 to 2 Bedroom Apartments

Archway Commons

2707 Rauschenbach AveSt. Louis, MO 63106
  • Utilities Included
close
View Me
Calvary Apartments
1 Bedroom Apartments

Calvary Apartments

5239 W Florissant AveSt. Louis, MO 63115
property at 6506 Lillian Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Jun 22

6506 Lillian Ave

JenningsMO63136

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-40, 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

Best Value Apartments for Rent in Penrose, MO

As of June 12, 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 2026 E Adelaide Ave Model at 2026 E Adelaide Ave, Unit Downstairs starting at $1,200 with a $0.83 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 ListingModel NameBed/BathPrice Per Sq.Ft.
4628 Enright Ave, Unit 24628 Enright Ave3BR,1BA$0.87
2026 E Adelaide Ave, Unit Downstairs2026 E Adelaide Ave2BR,1BA$0.83
2030 E Fair Ave, Unit Fair ave2030 E Fair Ave2BR,1BA$0.50
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 ApartmentsTownhome2BR,1.5BA$0.95
1527 E Grand Blvd2 bed2BR,1.5BA$0.88
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
4119 Carter Ave, Unit 4119 West Carter4119 Carter Ave1BR,1BA$0.96

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 Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Penrose, Saint Louis, MO

Ranked #160

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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 $900 at 1527 E Grand Blvd.

What is the most affordable Penrose Three Bedroom Apartment?

The best deal on a cheap Penrose Three Bedroom Apartment rental is at Savoy Place and starts from $1,250.

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

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis article

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.

decorative image for St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.