1 Bedroom Apartments for Rent in Penelope, TX (46 Rentals)

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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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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
Student Housing
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The Madison
1 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
Corporate Housing
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Riviera Apartments
1 Bedroom Apartments

Riviera Apartments

9900 China Spring RdWaco, TX 76708
Corporate Housing
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Derek Ville
1 Bedroom Apartments

Derek Ville

111 County Road 1812Clifton, TX 76634
  • Utilities Included
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Stratton Lofts
1 Bedroom Apartments

Stratton Lofts

800 Austin AveWaco, TX 76701
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Showing Results 1-46, 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 LUXE AT 1300 in the Oakwood neighborhood and is 947 square feet priced from $1,285. Tinsley Place in the Carver neighborhood has the second largest 1 Bedroom, which is sized at 868 square feet and currently listed start at $1,674. Here is today’s list of the largest available 1 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
LUXE AT 1300Buckram947 Sq Ft$1,285
Tinsley PlaceTribeca II 1BR/1.5BA868 Sq Ft$1,674
Riviera ApartmentsA1847 Sq Ft$1,204
Highland Cove1 BR A-2 808 Sq Ft$950
222 Clay Court1 Bedroom Third Floor-with Porch800 Sq Ft$1,425
101 Elm1 Bedroom 1 Bath800 Sq Ft$1,425
Riverfront LoftsA4795 Sq Ft$1,795
RIVERCRESTA4790 Sq Ft$1,217
Carriage House785 sq ft 1 bed785 Sq Ft$1,200
The Green at WacoA1 Townhome w/ Garage780 Sq Ft$1,550

Cheapest Available Penelope and Nearby 1 Bedroom Apartments

As of December 24, 2025 the lowest priced 1 Bedroom apartment unit in Penelope, TX is the 1 Bed 1 Bath Model starting from $392 at Villas of Hubbard . The second most affordable Penelope 1 Bedroom is the One Bedroom Model at The Meadows Apartments starting at $795 in the Carver neighborhood. The average price for all 1 Bedroom apartments in Penelope is currently $1,304. Here is today’s list of the cheapest available 1 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
Villas of Hubbard1 Bed 1 Bath$392
The Meadows ApartmentsOne Bedroom$795
Prime Properties Waco1Bed-1Bath$850
Highland Cove1 BR A $935
Sandstone1 Bed, 1 Bath$956
Madison HighlandsAnderson$979
The Enclave at the StadiumA1$1,017
Tinsley PlaceUnion 1BR/1BA$1,033
PECAN RIDGE-WACOA2$1,071
Abbey Glenn ApartmentsA5$1,100

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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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Pet Friendly Lifestyle
Penelope, TX

Ranked #1128

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Penelope, TX Rentals by Map

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See the most popular apartments and homes in Penelope, TX

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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 $392.

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

The average rent for a 1 Bedroom Apartment in Penelope is $1,304.

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

Today's apartment with the most square footage in Penelope is a 947 square feet unit starting from $1,285 at LUXE AT 1300.

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

The average size for a 1 Bedroom rental in Penelope is currently 738 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.