6041 Harney Ave
St. LouisMO63136
Cheap Homes for Rent in Penrose Neighborhood of Saint Louis, MO from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Penrose area of Saint Louis.
1333 Walton Ave
St. LouisMO63113
4362 Maffitt Ave
St. LouisMO63113
4641 Washington Ave
St. LouisMO63108
4129 Turner Ave
St. LouisMO63115
4221 Dardenne Dr
St. LouisMO63120
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.
4424 Marcus Ave
St. LouisMO63115
close
View Me
$6501 Bedroom Apartments Available Now
4732 W Florissant Ave, Unit 2nd Floor
4732 W Florissant AveSt. Louis, MO 63115
4922 Davison Ave
St. LouisMO63120
3819 Kossuth Ave
St. LouisMO63107
4521 Oakwood Ave
St. LouisMO63121
4627 Maffitt Ave
St. LouisMO63113
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.
5657 Roosevelt Pl
St. LouisMO63120
Showing Results 1-13, Page 1 of 1
Penrose, St. Louis, MO Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Penrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penrose 2 Bedroom Homes for Rent | $962 | $249 | $1,950 |
| Penrose 3 Bedroom Homes for Rent | $1,029 | $275 | $1,550 |
| Penrose 4 Bedroom Homes for Rent | $849 | $299 | $1,400 |
| Penrose 5 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Penrose Neighborhood of Saint Louis, MO.
Explore 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 | 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 |
| 1527 E Grand Blvd | 2 bed | 2BR,1BA | $900 |
Best Value Apartments for Rent in Penrose, MO
As of May 04, 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 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. |
|---|---|---|---|
| 4628 Enright Ave, Unit 2 | 4628 Enright Ave | 3BR,1BA | $0.87 |
| 5126 Lexington Ave, Unit 2 | 5126 Lexington Ave | 2BR,1BA | $0.75 |
| 2030 E Fair Ave, Unit 2nd floor | 2030 E Fair Ave | 2BR,1BA | $1.04 |
| 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 |
| 1527 E Grand Blvd | 2 bed | 2BR,1.5BA | $0.88 |
| 4947 Cote Brilliante Ave, Unit 4947 #1 | 4947 Cote Brilliante Ave | 2BR,1BA | $0.98 |
| 4403 Richard Pl, Unit 4403 Richard Place | 4403 Richard Pl | 1BR,1BA | $1.10 |
| 744 Walton Ave | 744 Walton Ave | 2BR,1BA | $1.00 |
| 4119 Carter Ave, Unit 4119 West Carter | 4119 Carter Ave | 1BR,1BA | $0.96 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
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.
Read ArticleDon'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.
Let everyone know!
Do you know the Penrose area?
If you’re an expert on all things Penrose, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Penrose
What type of rentals are currently available in Penrose?
There are currently 176 Apartments for Rent in Penrose, MO with pricing that ranges from $649 to $2,625. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penrose ranging from $249 to $1,950.
What is the current price range for Rental Homes in Penrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penrose ranges from $249 to $1,950 with an average monthly rent of $875.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.