2 Bedroom Apartments for Rent in Penelope, TX (45 Rentals)

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The Madison
2 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701

Penelope, TX Local Guide

Largest Available Penelope and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Penelope, TX is found at Carriage House in the North End neighborhood and is 1,265 square feet priced from $1,395. LUXE AT 1300 in the South End neighborhood has the second largest 2 Bedroom, which is sized at 1,191 square feet and currently listed start at $1,350. Here is today’s list of the largest available 2 Bedroom units in Penelope:

Apartment ListingModel NameSquare FootagePriced From
Carriage House1265 sq ft 2 bed1,265 Sq Ft$1,395
LUXE AT 1300Oxford1,191 Sq Ft$1,350
The Centre2/2.51,162 Sq Ft$1,399
Riverfront LoftsB21,134 Sq Ft$2,210
RIVERCRESTB21,100 Sq Ft$1,459
Outpost at WacoB2989 Sq Ft$885
Sandstone2 Bed, 2 Bath (80% Income Restricted)943 Sq Ft$1,187
The Green at WacoB3.1 Yard941 Sq Ft$1,022
The ZoeThe Bronco927 Sq Ft$1,500
Highland Cove2 BR B 866 Sq Ft$1,075

Cheapest Available Penelope and Nearby 2 Bedroom Apartments

As of March 14, 2025 the lowest priced 2 Bedroom apartment unit in Penelope, TX is the 2 Bed/1 Bath Model starting from $839 at Eagle Crest Apartments in the Carver neighborhood. The second most affordable Penelope 2 Bedroom is the Two Bedroom Small Model at University Club Apartments starting at $849 . The average price for all 2 Bedroom apartments in Penelope is currently $1,551. Here is today’s list of the cheapest available 2 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
Eagle Crest Apartments2 Bed/1 Bath$839
University Club ApartmentsTwo Bedroom Small$849
The Meadows ApartmentsTwo Bedroom$910
URSA2BR/2BA - Flat$985
Eleven06 on 35B2-U$1,050
Highland Cove2 BR B $1,075
Sandstone2 Bed, 2 Bath (80% Income Restricted)$1,187
The Centre2/2$1,299
LUXE AT 1300Medras$1,306
Carriage House1265 sq ft 2 bed$1,395

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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

Frequently Asked Questions about 2 Bedroom Penelope Apartments

What is the Cheapest apartment in Penelope with 2 Bedroom?

Currently the most affordable 2 Bedroom in Penelope is at Eagle Crest Apartments listed at $839.

How much is the average rent for a 2 Bedroom Penelope Apartment?

The average rent for a 2 Bedroom Apartment in Penelope is $1,551.

What is the largest available 2 Bedroom Penelope Apartment for rent?

Today's apartment with the most square footage in Penelope is a 1,265 square feet unit starting from $1,395 at Carriage House.

What is the average size for Penelope 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Penelope is currently 922 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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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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How Your Move-In Inspection Can Protect Your Security Deposit

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.