2

Newest Homes for Rent in Penitas, TX

Section Image
  • 1502 Diamond Ave Unit 8, Penitas, TX 78576
    1502 Diamond Ave Unit 8, Penitas, TX 78576
    /2

    $850 Per Month

    • 2 Beds
    • 2 Baths
    • 10,164 Sq Ft
    • Apartment for Rent

    1502 Diamond Ave Unit 8, Penitas, TX 78576

    Apartment available for lease in Penitas! This 2-bedroom, 2- bath unit offers approximately 1,000 sq ft. of comfortable living space. Refrigerator and stove/range included. Conveniently located with easy access to US-83, schools, shopping, dining, and other nearby amenities. Monthly rent is $850. Schedule your showing today!

    Mari Trevino Texas Star Realty, Llc

    1502 Diamond Ave Unit 8, Penitas, TX 78576
  • 1502 Diamond Ave Unit 2, Penitas, TX 78576
    1502 Diamond Ave Unit 2, Penitas, TX 78576
    /2

    $850 Per Month

    • 2 Beds
    • 2 Baths
    • 10,164 Sq Ft
    • Apartment for Rent

    1502 Diamond Ave Unit 2, Penitas, TX 78576

    Apartment available for lease in Penitas! This 2-bedroom, 2- bath unit offers approximately 1,000 sq ft. of comfortable living space. Refrigerator and stove/range included. Conveniently located with easy access to US-83, schools, shopping, dining, and other nearby amenities. Monthly rent is $850. Schedule your showing today!

    Mari Trevino Texas Star Realty, Llc

    1502 Diamond Ave Unit 2, Penitas, TX 78576
Texas Hidalgo County

Newest Homes for Rent in Penitas, TX

Frequently Asked Questions

How much does it cost to rent a home in Penitas, TX?
The median rent for a home in Penitas, TX is $850 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Penitas, TX?
To comfortably afford the median rent in Penitas, TX, a household needs to earn roughly $34,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $850 per month in Penitas, TX, renters typically need to show $2,550 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Penitas, TX?
In Penitas, TX, the price-to-rent ratio is 24.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Penitas, TX

There are currently 2 homes available for rent in Penitas, TX. The median rent is $850 per month, with single-family homes renting at $1,500 and condos at $760.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$850
Median Single Family Home Rent
$1,500
Median Condo Rent
$760
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group