3 Bedroom Apartments for Rent in Penelope, TX (40 Rentals)

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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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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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 19Eleven in the South End neighborhood and is 1,447 square feet priced from $1,599. Historic Lofts at Waco High in the Carver neighborhood has the second largest 3 Bedroom, which is sized at 1,225 square feet and currently listed start at $1,030. Here is today’s list of the largest available 3 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
19Eleven3 Bedrooms 2 Baths1,447 Sq Ft$1,599
Historic Lofts at Waco High3 Bedroom1,225 Sq Ft$1,030
Highland Cove3 BR C 1,193 Sq Ft$1,375
Woodhollow ApartmentsC1-D 3X21,110 Sq Ft$1,675
Madison HighlandsCamden1,096 Sq Ft$1,379
Abbey Glenn ApartmentsC11,086 Sq Ft$1,375
Prime Properties Waco3Bed-2Bath1,021 Sq Ft$1,150
The Enclave at the StadiumC1952 Sq Ft$1,130
University Club ApartmentsThree Bedroom833 Sq Ft$849

Cheapest Available Penelope and Nearby 3 Bedroom Apartments

As of July 14, 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 $1,229. 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$1,130
Prime Properties Waco3Bed-1.5Bath$1,150
Abbey Glenn ApartmentsC1$1,375
Highland Cove3 BR C $1,375
Madison HighlandsCamden$1,379
19Eleven3 Bedrooms 2 Baths$1,549
Woodhollow ApartmentsC1-D 3X2$1,675

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Penelope, TX

Ranked #905

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!

Explore Penelope, TX Rentals by Map

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See the most popular apartments and homes in Penelope, TX

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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

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

The average rent for a 3 Bedroom Apartment in Penelope is $1,229.

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

Today's apartment with the most square footage in Penelope is a 1,447 square feet unit starting from $1,599 at 19Eleven.

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

The average size for a 3 Bedroom rental in Penelope is currently 1,300 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.