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$745 - $9254, 5 Bedroom Apartments Available Now
Park Place Waco Apartments
909 Baylor AveWaco, TX 76706
4 Bedroom Apartments for Rent in Penelope, TX (15 Rentals)
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Rent Specials
$699 - $2,9964, 5 Bedroom Apartments Available Now
LL Sams Apartments
2000 S 1st StWaco, TX 76706
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$1,3734 Bedroom Apartments Contact Us For Availability
Costa Esmeralda
1516 Gurley LnWaco, TX 76706
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$1,460 - $2,0004 Bedroom Apartments Contact Us For Availability
Barron's Branch Apartments
817 Colcord AveWaco, TX 76707
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$739 - $7454 Bedroom Apartments Available Now
University Edge Waco
2001 S 5th 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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$685 - $735
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4, 5 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$655 - $1,775
Total Monthly Price
$655 - $1,775
The Green at Waco
2501 S University Parks DrWaco, TX 76706
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$939 - $1,0394 Bedroom Apartments Available Now
University Club Apartments
1725 N Martin Luther King Jr BlvdWaco, TX 76704
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$1,275 - $1,3504 Bedroom Apartments Available Now
Prime Properties Waco
1800 Primrose DrWaco, TX 76706
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$499 - $5894 Bedroom Apartments Available Now
Elevate
215 Washington AveWaco, TX 76701
508 E Franklin St
HillsboroTX76645
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.
115 Private Rd 172
HillsboroTX76645
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4 Bedroom Apartments
URSA - Historical Access II
2255 S University Parks DrWaco, TX 76706
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4 Bedroom Apartments
19Eleven
1911 S 8th StWaco, TX 76706
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4 Bedroom Apartments
Aspen Heights
3344 S 3rd StWaco, TX 76706
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4 Bedroom Apartments
South Terrace
2616 S 12th StWaco, TX 76706
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.
Showing Results 1-15, Page 1 of 1
Penelope, TX Local Guide
The one and only Texas Flag by Kimberly Vardeman is licensed under CC BY 2.0
How much does it cost to rent an apartment in Penelope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penelope Studio Apartments | $1,371 | $599 | $1,557 |
| Penelope 1 Bedroom Apartments | $1,226 | $371 | $3,395 |
| Penelope 2 Bedroom Apartments | $1,401 | $749 | $3,975 |
| Penelope 3 Bedroom Apartments | $1,170 | $659 | $2,593 |
Penelope 4 Bedroom Apartments | $939 | $499 | $2,996 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Penelope
See all Apartments in PenelopeExplore Penelope
Penelope, TX Local Guide
- Nearby Cities
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Largest Available Penelope and Nearby 4 Bedroom Apartments
The largest available 4 Bedroom apartment unit in Penelope, TX is found at University Edge Waco in the South End neighborhood and is 2,014 square feet priced from $739. LL Sams Apartments has the second largest 4 Bedroom, which is sized at 1,943 square feet and currently listed start at $699. Here is today’s list of the largest available 4 Bedroom units in Penelope:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| University Edge Waco | Plan D | 2,014 Sq Ft | $739 |
| LL Sams Apartments | Standard Loft - 4 BDR, 2 BTH | 1,943 Sq Ft | $699 |
| The Green at Waco | D4.2 Amenity View | 1,483 Sq Ft | $685 |
| Park Place Waco Apartments | D1 Premium | 1,428 Sq Ft | $745 |
| Elevate | D3 | 1,321 Sq Ft | $589 |
Cheapest Available Penelope and Nearby 4 Bedroom Apartments
As of March 14, 2026 the lowest priced 4 Bedroom apartment unit in Penelope, TX is the Standard Loft - 4 BDR, 2 BTH Model starting from $699 at LL Sams Apartments in the South End neighborhood. The second most affordable Penelope 4 Bedroom is the Plan E Model at University Edge Waco starting at $745 . The average price for all 4 Bedroom apartments in Penelope is currently $939. Here is today’s list of the cheapest available 4 Bedroom options in Penelope:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| LL Sams Apartments | Standard Loft - 4 BDR, 2 BTH | $699 |
| University Edge Waco | Plan E | $745 |
| University Club Apartments | Four Bedroom | $939 |
| Prime Properties Waco | 4Bed-2Bath | $1,275 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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.
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Frequently Asked Questions about Penelope
How much are Studio apartments in Penelope?
There are currently 3 Studio Apartments in Penelope with rent ranges from $599 to $1,557 with an average price of $1,371.
What is the current price range for One Bedroom Penelope Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Penelope ranges from $371 to $3,395 with an average monthly rent of $1,226.
What does renting a Two Bedroom Apartment in Penelope cost?
The monthly rent prices of Two Bedroom Apartments currently available in Penelope range from $749 to $3,975. Today's average rental price for Two Bedrooms here is $1,401.
How expensive are Penelope Three Bedroom Apartments?
There are currently 22 Three Bedroom Apartments listings available in Penelope on ApartmentHomeLiving.com. The pricing ranges from $659 to $2,593 - averaging $1,170 for the location.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.