1 Bedroom Apartments for Rent in Penelope, TX (50 Rentals)

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PECAN RIDGE-WACO
$1,142 - $1,445
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$1,160 - $1,896
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1 Bedroom Apartments Available Now

PECAN RIDGE-WACO

2736 Lake Shore DrWaco, TX 76708
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RIVERCREST
$1,101 - $1,355
Total Monthly Price

Total Monthly Price

Base Rent
$1,101 - $1,697
Total Monthly Price
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RIVERCREST

66 Daughtrey AveWaco, TX 76706
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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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The Zoe
$1,250 - $1,635
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $1,821
Total Monthly Price
$1,360 - $1,821
1 Bedroom Apartments Available Now

The Zoe

3801 Myers LnLacy Lakeview, TX 76705
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Riverfront Lofts
Rent Specials
$1,694 - $3,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $4,027
Total Monthly Price
$1,430 - $4,027
1 Bedroom Apartments Available Jun 20

Riverfront Lofts

414 S University Parks DrWaco, TX 76706
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LUXE AT 1300
$1,239 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $2,178
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

LUXE AT 1300

1300 Placid CirWaco, TX 76706
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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 Cove on 21st
Rent Specials
$924 - $993
Total Monthly Price

Total Monthly Price

Base Rent
$943 - $1,273
Total Monthly Price
$943 - $1,273
1 Bedroom Apartments Available Now

The Cove on 21st

2425 S 21st StWaco, TX 76706
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Tinsley Place
$1,143 - $2,783
Total Monthly Price

Total Monthly Price

Base Rent
$1,223 - $2,999
Total Monthly Price
$1,223 - $2,999
1 Bedroom Apartments Available Now

Tinsley Place

715 Cleveland AveWaco, TX 76706
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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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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
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The Madison
1 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
Corporate Housing

Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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Derek Ville
1 Bedroom Apartments

Derek Ville

111 County Road 1812Clifton, TX 76634
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LL Sams Apartments
1 Bedroom Apartments

LL Sams Apartments

2000 S 1st StWaco, TX 76706
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The Green at Waco
1 Bedroom Apartments

The Green at Waco

2501 S University Parks DrWaco, TX 76706
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Stratton Lofts
1 Bedroom Apartments

Stratton Lofts

800 Austin AveWaco, TX 76701
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The Den
1 Bedroom Apartments

The Den

909 Baylor AveWaco, TX 76706
Student Housing
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 1,057 square feet priced from $1,120. 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 AD 1,057 Sq Ft$1,120
222 Clay Court1 Bedroom Third Floor-with Porch800 Sq Ft$1,450
101 Elm1 Bedroom 1 Bath800 Sq Ft$1,425
300 Clay Ave1BD/1B800 Sq Ft$1,500
Historic Lofts of Waco High1 Bedroom794 Sq Ft$941
RIVERCRESTA4790 Sq Ft$1,235
Brazos Park ApartmentsF-1b1bxl700 Sq Ft$919
Abbey Glenn ApartmentsA5692 Sq Ft$1,175
The ZoeThe Bruno690 Sq Ft$1,360
LUXE AT 1300Calico684 Sq Ft$1,369

Cheapest Available Penelope and Nearby 1 Bedroom Apartments

As of June 15, 2026 the lowest priced 1 Bedroom apartment unit in Penelope, TX is the One Bedroom Model starting from $709 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 1 Bedroom is the 1 Bed/1 Bath Model at Eagle Crest Apartments starting at $749 . The average price for all 1 Bedroom apartments in Penelope is currently $1,177. Here is today’s list of the cheapest available 1 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
University Club ApartmentsOne Bedroom$709
Eagle Crest Apartments1 Bed/1 Bath$749
Villas of Hubbard1 Bed 1 Bath$778
Brazos Park ApartmentsA-1b1bs$779
Eleven06 on 35 Apartments1 Bedroom, 1 Bath$795
The Meadows ApartmentsOne Bedroom$795
Costa Esmeralda1BR/1BA$902
Sandstone1 Bed, 1 Bath A (80% Income Restricted)$928
Historic Lofts of Waco High1 Bedroom$941
The Cove on 21stA1$943

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about 1 Bedroom Penelope Apartments

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

The average rent for a 1 Bedroom Apartment in Penelope is $1,177.

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

Today's apartment with the most square footage in Penelope is a 1,057 square feet unit starting from $1,120 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 725 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.

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Written by: Lauren Harrington

This article was written based on first-hand renter experiences and common layout challenges identified after move-in.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.