3 Bedroom Apartments for Rent near Penelope, TX (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
Bordeaux XI Apartments
Rent Specials
$1,275 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,375
Total Monthly Price
$915 - $1,375
3 Bedroom Apartments Contact Us For Availability

Bordeaux XI Apartments

3600 Scroggins DrWaco, TX 76705
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article
close
View Me
Tinsley Place
$1,981 - $3,871
Total Monthly Price

Total Monthly Price

Base Rent
$1,298 - $3,951
Total Monthly Price
$1,298 - $3,951
3 Bedroom Apartments Available Aug 8

Tinsley Place

715 Cleveland AveWaco, TX 76706
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
LL Sams Apartments
3 Bedroom Apartments

LL Sams Apartments

2000 S 1st StWaco, TX 76706
Student Housing
close
View Me
The Centre
3 Bedroom Apartments

The Centre

1818 S 7th StWaco, TX 76706
Student Housing
close
View Me
19Eleven
3 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing
close
View Me
South Terrace
3 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706

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.

Read Article
close
View Me
Aspen Heights
3 Bedroom Apartments

Aspen Heights

3344 S 3rd StWaco, TX 76706
Student Housing
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Penelope, TX Local Guide

Largest Available Penelope and Nearby 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Penelope, TX is found at Highland Cove in the North End neighborhood and is 1,355 square feet priced from $1,480. Allen Place in the South End neighborhood has the second largest 3 Bedroom, which is sized at 1,271 square feet and currently listed start at $1,500. Here is today’s list of the largest available 3 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
Highland Cove3 BR C-1 1,355 Sq Ft$1,480
Allen Place3BR/2.0BA1,271 Sq Ft$1,500
Historic Lofts of Waco High3 Bedroom1,225 Sq Ft$1,285
University Edge WacoPlan A1,174 Sq Ft$739
Bear Crossing3 Bedroom 3 Bath1,100 Sq Ft$1,500
The Enclave at the StadiumC1952 Sq Ft$1,185
Waco ApartmentsWAITLIST ONLY- 3 bedroom Tranquil Garden Style-...950 Sq Ft$1,050
University Club ApartmentsThree Bedroom833 Sq Ft$799

Cheapest Available Penelope and Nearby 3 Bedroom Apartments

As of July 30, 2026 the lowest priced 3 Bedroom apartment unit in Penelope, TX is the Three Bedroom Model starting from $799 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 3 Bedroom is the WAITLIST ONLY- 3 bedroom Tranquil Garden Style-... Model at Waco Apartments starting at $1,050 in the Alta Vista neighborhood. The average price for all 3 Bedroom apartments in Penelope is currently $1,281. Here is today’s list of the cheapest available 3 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
University Club ApartmentsThree Bedroom$799
Waco ApartmentsWAITLIST ONLY- 3 bedroom Tranquil Garden Style-...$1,050
The Enclave at the StadiumC1$1,185
Historic Lofts of Waco High3 Bedroom$1,285
Highland Cove3 BR C $1,360
Allen Place3BR/2.0BA$1,500
Bear Crossing3 Bedroom 3 Bath$1,500

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Penelope, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Penelope, TX

View Map
Penelope, TX Apartments Map
View Map
Penelope, TX Rental Homes Map

Frequently Asked Questions about 3 Bedroom Penelope Apartments

How much is the average rent for a 3 Bedroom Penelope Apartment?

The average rent for a 3 Bedroom Apartment in Penelope is $1,281.

What is the largest available 3 Bedroom Penelope Apartment for rent?

Today's apartment with the most square footage in Penelope is a 1,355 square feet unit starting from $1,480 at Highland Cove.

What is the average size for Penelope 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Penelope is currently 1,103 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

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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.