1 Bedroom Apartments for Rent in Penelope, TX (45 Rentals)

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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The Zoe
$1,400 - $1,635
Total Monthly Price

Total Monthly Price

Base Rent
$1,510 - $1,821
Total Monthly Price
$1,510 - $1,821
1 Bedroom Apartments Available Now

The Zoe

3801 Myers LnLacy Lakeview, TX 76705
Luxury
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Riverfront Lofts
$1,609 - $3,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,465 - $4,027
Total Monthly Price
$1,465 - $4,027
1 Bedroom Apartments Available Now

Riverfront Lofts

414 S University Parks DrWaco, TX 76706
Outdoors
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LUXE AT 1300
$1,181 - $1,484
Total Monthly Price

Total Monthly Price

Base Rent
$1,287 - $2,312
Total Monthly Price
Varies
1 Bedroom Apartments Available May 13

LUXE AT 1300

1300 Placid CirWaco, TX 76706
Corporate Housing
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The Green at Waco
Rent Specials
$1,350 - $1,635
Total Monthly Price

Total Monthly Price

Base Rent
$655 - $1,635
Total Monthly Price
$655 - $1,635
1 Bedroom Apartments Available Now

The Green at Waco

2501 S University Parks DrWaco, TX 76706
Student Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Tinsley Place
Rent Specials
$963 - $2,019
Total Monthly Price

Total Monthly Price

Base Rent
$1,098 - $3,136
Total Monthly Price
$1,098 - $3,136
1 Bedroom Apartments Available Now

Tinsley Place

715 Cleveland AveWaco, TX 76706
Corporate Housing
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South Terrace
1 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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19Eleven
1 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing
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The Madison
1 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
Corporate Housing
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Derek Ville
1 Bedroom Apartments

Derek Ville

111 County Road 1812Clifton, TX 76634
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Stratton Lofts
1 Bedroom Apartments

Stratton Lofts

800 Austin AveWaco, TX 76701
  • Utilities Included
Showing Results 1-45, Page 1 of 1

Penelope, TX Local Guide

Largest Available Penelope and Nearby 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in Penelope, TX is found at Highland Cove in the North End neighborhood and is 808 square feet priced from $950. 222 Clay Court in the Carver neighborhood has the second largest 1 Bedroom, which is sized at 800 square feet and currently listed start at $1,450. Here is today’s list of the largest available 1 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
Highland Cove1 BR A-2 808 Sq Ft$950
222 Clay Court1 Bedroom Third Floor-with Porch800 Sq Ft$1,450
101 Elm1 Bedroom 1 Bath800 Sq Ft$1,425
Historic Lofts of Waco High1 Bedroom794 Sq Ft$941
RIVERCRESTA4790 Sq Ft$1,217
The Green at WacoA1 Townhome w/ Garage780 Sq Ft$1,575
Riverfront LoftsA4775 Sq Ft$1,960
Brazos Park ApartmentsF-1b1bxl700 Sq Ft$919
Madison HighlandsAnderson696 Sq Ft$979
LL Sams ApartmentsStandard Loft - 1 BDR, 1 BTH | SOLD OUT564 Sq Ft$1,399

Cheapest Available Penelope and Nearby 1 Bedroom Apartments

As of April 30, 2026 the lowest priced 1 Bedroom apartment unit in Penelope, TX is the 1 Bed 1 Bath Model starting from $371 at Villas of Hubbard . The second most affordable Penelope 1 Bedroom is the 1 Bed/1 Bath Model at Eagle Crest Apartments starting at $699 in the Carver neighborhood. The average price for all 1 Bedroom apartments in Penelope is currently $1,193. Here is today’s list of the cheapest available 1 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
Villas of Hubbard1 Bed 1 Bath$371
Eagle Crest Apartments1 Bed/1 Bath$699
University Club ApartmentsOne Bedroom$709
Brazos Park ApartmentsA-1b1bs$779
Eleven06 on 35 Apartments1 Bedroom, 1 Bath$795
Costa Esmeralda1BR/1BA$902
Sandstone1 Bed, 1 Bath A (80% Income Restricted)$925
Highland Cove1 BR A $935
Woodhollow ApartmentsA1-P 1x1$935
Historic Lofts of Waco High1 Bedroom$941

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.

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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.

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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.

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Location, Location, Location!

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Frequently Asked Questions about 1 Bedroom Penelope Apartments

What is the Cheapest apartment in Penelope with 1 Bedroom?

Currently the most affordable 1 Bedroom in Penelope is at Villas of Hubbard listed at $371.

How much is the average rent for a 1 Bedroom Penelope Apartment?

The average rent for a 1 Bedroom Apartment in Penelope is $1,193.

What is the largest available 1 Bedroom Penelope Apartment for rent?

Today's apartment with the most square footage in Penelope is a 808 square feet unit starting from $950 at Highland Cove.

What is the average size for Penelope 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Penelope is currently 400 sq ft.

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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.