3 Bedroom Apartments for Rent in Penelope, TX (37 Rentals)

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South Terrace
3 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706

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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 1-37, 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 Historic Lofts at Waco High in the Carver neighborhood and is 1,225 square feet priced from $1,030. Highland Cove in the North End neighborhood has the second largest 3 Bedroom, which is sized at 1,193 square feet and currently listed start at $1,375. Here is today’s list of the largest available 3 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
Historic Lofts at Waco High3 Bedroom1,225 Sq Ft$1,030
Highland Cove3 BR C 1,193 Sq Ft$1,375
University Edge WacoPlan A1,174 Sq Ft$700
Woodhollow ApartmentsC1-D 3X21,110 Sq Ft$1,675
Park Place Waco Apartments3x3 Premium1,108 Sq Ft$735
Tinsley PlaceUptown II 3BR/3BA1,087 Sq Ft$1,988
Abbey Glenn ApartmentsC11,086 Sq Ft$1,375
Prime Properties Waco3Bed-2Bath1,021 Sq Ft$1,150
The Enclave at the StadiumC1952 Sq Ft$1,040

Cheapest Available Penelope and Nearby 3 Bedroom Apartments

As of September 15, 2025 the lowest priced 3 Bedroom apartment unit in Penelope, TX is the Three Bedroom Model starting from $849 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 3 Bedroom is the 3 Bedroom Model at Historic Lofts at Waco High starting at $1,030 . The average price for all 3 Bedroom apartments in Penelope is currently $1,167. Here is today’s list of the cheapest available 3 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
University Club ApartmentsThree Bedroom$849
Historic Lofts at Waco High3 Bedroom$1,030
The Enclave at the StadiumC1$1,040
Prime Properties Waco3Bed-2Bath$1,150
Abbey Glenn ApartmentsC1$1,375
Highland Cove3 BR C $1,375
Woodhollow ApartmentsC1-D 3X2$1,675
Tinsley PlaceUptown II 3BR/3BA$1,988

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Pet Friendly Lifestyle
Penelope, TX

Ranked #765

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 3 Bedroom Penelope Apartments

What is the Cheapest apartment in Penelope with 3 Bedroom?

Currently the most affordable 3 Bedroom in Penelope is at University Club Apartments listed at $849.

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

The average rent for a 3 Bedroom Apartment in Penelope is $1,167.

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

Today's apartment with the most square footage in Penelope is a 1,225 square feet unit starting from $1,030 at Historic Lofts at Waco High.

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

The average size for a 3 Bedroom rental in Penelope is currently 1,138 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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.