
Low Income Apartments for Rent in Penelope, TX (3 Rentals)

Navigating the World of Low-Income Housing
A Comprehensive Guide to Understanding Low Income Renting
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.

Historic Lofts at Waco High
Penelope, TX Local Guide

How much does it cost to rent an apartment in Penelope?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penelope Studio Apartments | $1,383 | $659 | $1,557 |
Penelope 1 Bedroom Apartments | $1,314 | $675 | $2,915 |
Penelope 2 Bedroom Apartments | $1,457 | $770 | $3,835 |
Penelope 3 Bedroom Apartments | $1,382 | $700 | $4,519 |
Penelope 4 Bedroom Apartments | $1,035 | $675 | $2,900 |
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Penelope, TX Local Guide
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Quick Rent Budget Calculator
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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.
Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
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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 Low Income Penelope Apartments
How much is the average rent for a Low Income Penelope Apartment?
The average rent for a Low Income Apartment in Penelope is $890.
What is the largest Low Income Penelope Apartment for rent?
Today's Low Income apartment with the most square footage in Penelope is a 1,225 square feet unit starting from $750 at Historic Lofts at Waco High.
What is the average size for Penelope Low Income Apartments for rent?
The average size for a Low Income rental in Penelope is currently at 794 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.

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.

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.

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.

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.