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

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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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Bordeaux XI Apartments
$1,275 - $1,375

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
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  • Utilities Included
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Tinsley Place
$1,912 - $3,876

Total Monthly Price

Base Rent$1,164 - $3,876
Total Monthly Price$1,164 - $3,876
3 Bedroom Apartments Available Now

Tinsley Place

715 Cleveland AveWaco, TX 76706
Corporate Housing
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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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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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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LL Sams Apartments
3 Bedroom Apartments

LL Sams Apartments

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

The Centre

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

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing

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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South Terrace
3 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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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 $1,645. LL Sams Apartments in the South End neighborhood has the second largest 3 Bedroom, which is sized at 1,328 square feet and currently listed start at $869. 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$1,645
LL Sams ApartmentsPremier Loft - 3 BDR, 2 BTH | ONE UNIT LEFT1,328 Sq Ft$869
Historic Lofts of Waco High3 Bedroom1,225 Sq Ft$1,307
Tinsley PlaceUptown I 3BR/3BA1,206 Sq Ft$2,044
University Edge WacoPlan A1,174 Sq Ft$739
The LandingD 60%1,120 Sq Ft$1,344
Bear Crossing3 Bedroom 3 Bath1,100 Sq Ft$1,350
Barrons Branch IIC11,100 Sq Ft$619
ElevateC11,096 Sq Ft$679
Prime Properties Waco3Bed-2Bath1,021 Sq Ft$1,050

Cheapest Available Penelope and Nearby 3 Bedroom Apartments

As of September 13, 2026 the lowest priced 3 Bedroom apartment unit in Penelope, TX is the C1 Model starting from $619 at Barrons Branch II in the Carver neighborhood. The second most affordable Penelope 3 Bedroom is the Standard Loft - 3 BDR, 2 BTH | ONE MALE SPACE LEFT Model at LL Sams Apartments starting at $765 in the South End neighborhood. The average price for all 3 Bedroom apartments in Penelope is currently $1,306. Here is today’s list of the cheapest available 3 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
Barrons Branch IIC1$619
LL Sams ApartmentsStandard Loft - 3 BDR, 2 BTH | ONE MALE SPACE LEFT$765
University Club ApartmentsThree Bedroom$799
The Enclave at the StadiumC1$1,045
Prime Properties Waco3Bed-2Bath$1,050
Historic Lofts of Waco High3 Bedroom$1,307
The LandingD 60%$1,344
Bear Crossing3 Bedroom 3 Bath$1,350
Highland Cove3 BR C-1 $1,645
Tinsley PlaceUptown II 3BR/3BA$1,912

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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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 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 $1,306.

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 $1,645 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 1,102 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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.

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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.