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

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19Eleven
2 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing
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Riviera Apartments
2 Bedroom Apartments

Riviera Apartments

9900 China Spring RdWaco, TX 76708
Corporate Housing
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Abbey Glenn Apartments
2 Bedroom Apartments

Abbey Glenn Apartments

700 S 4th StWaco, TX 76706
Student Housing
  • Utilities Included
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The Centre
2 Bedroom Apartments

The Centre

1818 S 7th StWaco, TX 76706
Student Housing
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The Madison
2 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
Corporate Housing
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South Terrace
2 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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Penelope, TX Local Guide

Largest Available Penelope and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Penelope, TX is found at LUXE AT 1300 in the Oakwood neighborhood and is 1,331 square feet priced from $1,674. Franklin Place in the Carver neighborhood has the second largest 2 Bedroom, which is sized at 1,289 square feet and currently listed start at $2,029. Here is today’s list of the largest available 2 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
LUXE AT 1300Percale1,331 Sq Ft$1,674
Franklin PlaceB31,289 Sq Ft$2,029
Riverfront LoftsB9B1,281 Sq Ft$2,739
Carriage House1265 sq ft 2 bed1,265 Sq Ft$1,395
101 Elm2 Bedroom 2 Bath1,200 Sq Ft$1,800
RIVERCRESTB21,100 Sq Ft$1,459
Brazos Park ApartmentsE-2b2blv1,032 Sq Ft$1,049
Riviera ApartmentsB21,025 Sq Ft$1,374
LL Sams ApartmentsStandard Loft - 2 BDR, 2 BTH895 Sq Ft$925
Highland Cove2 BR B 866 Sq Ft$1,075

Cheapest Available Penelope and Nearby 2 Bedroom Apartments

As of November 20, 2025 the lowest priced 2 Bedroom apartment unit in Penelope, TX is the Two Bedroom Small Model starting from $749 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 2 Bedroom is the Standard Loft - 2 BDR, 1 BTH Model at LL Sams Apartments starting at $829 in the South End neighborhood. The average price for all 2 Bedroom apartments in Penelope is currently $1,363. Here is today’s list of the cheapest available 2 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
University Club ApartmentsTwo Bedroom Small$749
LL Sams ApartmentsStandard Loft - 2 BDR, 1 BTH$829
The Enclave at the StadiumB1$896
URSA - Historical Access II2BR/2BA - Flat - Pool View$920
Brazos Park ApartmentsD-2b2bs$949
Prime Properties Waco2Bed-1Bath$950
MB Country Meadow Apartments2Bedroom$995
Villas of Hubbard2 Bed 1 Bath$1,034
Highland Cove2 BR B $1,075
Sandstone2 Bed, 2 Bath (80% Income Restricted)$1,103

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Pet Friendly Lifestyle
Penelope, TX

Ranked #1145

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!

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Getting Around Penelope, TX

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 2 Bedroom Penelope Apartments

What is the Cheapest apartment in Penelope with 2 Bedroom?

Currently the most affordable 2 Bedroom in Penelope is at University Club Apartments listed at $749.

How much is the average rent for a 2 Bedroom Penelope Apartment?

The average rent for a 2 Bedroom Apartment in Penelope is $1,363.

What is the largest available 2 Bedroom Penelope Apartment for rent?

Today's apartment with the most square footage in Penelope is a 1,331 square feet unit starting from $1,674 at LUXE AT 1300.

What is the average size for Penelope 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Penelope is currently 720 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.