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Rental Market Trends in Penitas, TX

Updated August 2026

The average rent in Penitas, TX is $850/month.

Rent in Penitas is 49% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$850/month

Average Rent

722 Sq Ft

Average Size

+3.4%

Change / Year

2

Available Apartments

Penitas rent varies by unit size and layout:

  • Studio apartments in Penitas average per month.
  • One-bedroom apartments in Penitas average $850 per month.
  • Two-bedroom apartments in Penitas average $965 per month.
  • Three-bedroom apartments in Penitas average $1,166 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$850/month
722 Sq Ft
Two Bedroom
$965/month
985 Sq Ft
Three Bedroom
$1,166/month
1,179 Sq Ft
View Penitas Apartments

How much has average rent changed in Penitas, TX?

In the past year, rent has increased by 3.4%, which averages out to $29 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Penitas, TX

August 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Penitas, TX
Percentage*
Rent Range
50% Below $700/month
0% $700 - $1,000/month
50% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Penitas, TX?

Because the average rent in Penitas is $850, you’ll want to make about $2,833 per month or $33,996 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Penitas, TX

2 Available Apartments for Rent

Search for Nearby Apartments

How does Penitas, TX compare to other nearby cities and neighborhoods?

Use the tool below to compare Penitas, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • La Joya

    La Joya

    Avg Rent: $871/month

  • Palmview

    Palmview

    Avg Rent: $598/month

  • Mission

    Mission

    Avg Rent: $868/month

  • Alton

    Alton

    Avg Rent: $738/month

  • McAllen

    McAllen

    Avg Rent: $824/month

Apartment Communities in Penitas We Think You'll Love

1510 Arboledas Dr

1510 Arboledas Dr

1510 Arboledas Dr,
Penitas, TX 78576

2 Beds | $1,450

18 Arboledas Dr

18 Arboledas Dr

18 Arboledas Dr,
Penitas, TX 78576

2 Beds | $1,450

The Crossing at Bentsen Palm

The Crossing at Bentsen Palm

309 Cresta St,
Palmview, TX 78572

3 Beds | $1,099 - $1,450

Silver Spur Apartments

Silver Spur Apartments

311 Silver Spur Ln,
Palmview, TX 78572

1-4 Beds | $878 - $1,329

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Frequently Asked Questions

What is the average rent in Penitas?

The average rent in Penitas is $850 per month, which is 48.9% lower than the national average of $1,663.

Are rents going up or down in Penitas?

Rents in Penitas, TX are increasing, with prices up 3.4% year-over-year and $29 more per month.

What rent range is most common in Penitas?

In Penitas, TX, 50% of apartments fall below $700/month, though prices may vary depending on location and other factors.

United States Texas Penitas Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity