- Studio+
- 1+ ba
- 397+ sqft

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Penrose is a residential neighborhood in central Arlington, set between Columbia Pike and Arlington Boulevard, with leafy streets and a mix of older homes and apartment buildings. Its four-season climate brings humid summers and cool winters, while nearby parks offer paths, open lawns and playgrounds for time outdoors. The Columbia Pike corridor adds everyday shopping, cafés and a broad range of dining, with local arts and live performances contributing to the area’s character. Penrose’s history is reflected in its established residential blocks and proximity to Arlington’s historic sites. Walking and biking work well for nearby errands, and Metrobus routes connect the neighborhood with surrounding Arlington and Washington, D.C.; rail stations are farther away. For the Penrose neighborhood, the median rent is $2,549 per month, with a typical range of $1,450 to $11,169, based on 25 active listings.
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500 S. Wayne St. Apartments is located at 500 S Wayne St in Penrose, Arlington, VA. The surrounding area includes multiple restaurants and cafes within 2 miles, such as Starbucks, Tortas Y Tacos La Chiquita, and Idido's Coffee and Social House.
Based on the latest Zillow data, the median rent across all unit types in the Penrose neighborhood of Arlington is currently $2,549 per month. Prices vary by neighborhood, floor plan, and building amenities.
The schools assigned to 500 S. Wayne St. Apartments include Montessori Public School of Arlington, Arlington Mill High School, and Governor's Academy for Career and Technical Education In Arlington.
500 S. Wayne St. Apartments is located near 7 grocery stores, including Giant Food (0.4 miles) and Fort Myer Commissary (0.4 miles). Additional shopping options, including Ft Myer AAFES Post Exchange (PX), are approximately 0.4 miles away.
The closest hospitals and medical facilities to 500 S. Wayne St. Apartments include Andrew Rader US Army Health Clinic (0.4 miles away), Arlington Free Clinic (0.6 miles away), and Inova Urgent Care (0.7 miles away).
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