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

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PECAN RIDGE-WACO
$1,383 - $1,801
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$1,218 - $1,801
Total Monthly Price
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2 Bedroom Apartments Available Now

PECAN RIDGE-WACO

2736 Lake Shore DrWaco, TX 76708
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RIVERCREST
$1,269 - $1,697
Total Monthly Price

Total Monthly Price

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$1,101 - $1,697
Total Monthly Price
Varies
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RIVERCREST

66 Daughtrey AveWaco, TX 76706
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Riverfront Lofts
Rent Specials
$2,250 - $4,027
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $4,027
Total Monthly Price
$1,430 - $4,027
2 Bedroom Apartments Contact Us For Availability

Riverfront Lofts

414 S University Parks DrWaco, TX 76706
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LUXE AT 1300
Rent Specials
$1,770
Total Monthly Price

Total Monthly Price

Base Rent
$1,311 - $2,724
Total Monthly Price
Varies
2 Bedroom Apartments Available Sep 6

LUXE AT 1300

1300 Placid CirWaco, TX 76706
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Bordeaux XI Apartments
Rent Specials
$995 - $1,175
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,375
Total Monthly Price
$915 - $1,375
2 Bedroom Apartments Available Now

Bordeaux XI Apartments

3600 Scroggins DrWaco, TX 76705
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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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The Cove on 21st
$999 - $1,024
Total Monthly Price

Total Monthly Price

Base Rent
$918 - $1,268
Total Monthly Price
$918 - $1,268
2 Bedroom Apartments Available Now

The Cove on 21st

2425 S 21st StWaco, TX 76706
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Tinsley Place
$1,399 - $2,687
Total Monthly Price

Total Monthly Price

Base Rent
$1,298 - $3,951
Total Monthly Price
$1,298 - $3,951
2 Bedroom Apartments Available Sep 7

Tinsley Place

715 Cleveland AveWaco, TX 76706
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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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The Den
2 Bedroom Apartments

The Den

909 Baylor AveWaco, TX 76706
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The Green at Waco
2 Bedroom Apartments

The Green at Waco

2501 S University Parks DrWaco, TX 76706
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South Terrace
2 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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19Eleven
2 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
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The Centre
2 Bedroom Apartments

The Centre

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

The Madison

1307 Austin AveWaco, TX 76701
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LL Sams Apartments
2 Bedroom Apartments

LL Sams Apartments

2000 S 1st StWaco, TX 76706
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Aspen Heights
2 Bedroom Apartments

Aspen Heights

3344 S 3rd StWaco, 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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Showing Results 1-50, Page 1 of 1

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 101 Elm in the Carver neighborhood and is 1,200 square feet priced from $1,850. Highland Cove in the North End neighborhood has the second largest 2 Bedroom, which is sized at 1,112 square feet and currently listed start at $1,100. Here is today’s list of the largest available 2 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
101 Elm2 Bedroom 2 Bath1,200 Sq Ft$1,850
Highland Cove2 BR B-4 1,112 Sq Ft$1,100
RIVERCRESTB21,100 Sq Ft$1,477
Brazos Park ApartmentsE-2b2blv1,032 Sq Ft$1,139
Historic Lofts of Waco High2 Bedroom1,005 Sq Ft$1,120
University Edge WacoPlan B976 Sq Ft$799
PECAN RIDGE-WACOB1975 Sq Ft$1,401
The Enclave at the StadiumB2952 Sq Ft$1,097
Bordeaux XI Apartments2 Bed/2 Bath875 Sq Ft$1,175
Villas of Hubbard21-60H866 Sq Ft$875

Cheapest Available Penelope and Nearby 2 Bedroom Apartments

As of July 30, 2026 the lowest priced 2 Bedroom apartment unit in Penelope, TX is the Two Bedroom Small Model starting from $699 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 2 Bedroom is the 2 Bed/1 Bath Model at Eagle Crest Apartments starting at $849 . The average price for all 2 Bedroom apartments in Penelope is currently $1,416. Here is today’s list of the cheapest available 2 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
University Club ApartmentsTwo Bedroom Small$699
Eagle Crest Apartments2 Bed/1 Bath$849
Villas of Hubbard21-60H$875
Bordeaux XI Apartments2 Bed/1 Bath$995
The Cove on 21stB1$1,018
The Enclave at the StadiumB1$1,021
Highland Cove2 BR B-3 $1,060
Brazos Park ApartmentsD-2b2bs$1,089
Historic Lofts of Waco High2 Bedroom$1,120
Woodhollow ApartmentsB1-D 2X1$1,155

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

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Frequently Asked Questions about 2 Bedroom Penelope Apartments

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

The average rent for a 2 Bedroom Apartment in Penelope is $1,416.

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

Today's apartment with the most square footage in Penelope is a 1,200 square feet unit starting from $1,850 at 101 Elm.

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

The average size for a 2 Bedroom rental in Penelope is currently 996 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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First Apartment Regrets: Real Renters Share What They'd Do Differently

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

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