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
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Riverfront Lofts
2 Bedroom Apartments

Riverfront Lofts

414 S University Parks DrWaco, TX 76706
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West Campus Lofts
2 Bedroom Apartments

West Campus Lofts

805 S 8th StWaco, TX 76706
Student Housing
  • Utilities Included
Showing Results 1-45, Page 1 of 1

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. Riverfront Lofts in the Carver neighborhood has the second largest 2 Bedroom, which is sized at 1,148 square feet and currently listed start at $2,210. 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
Riverfront LoftsB21,148 Sq Ft$2,210
LUXE AT 1300Chambray1,106 Sq Ft$1,519
The Centre2/21,102 Sq Ft$1,299
RIVERCRESTB21,100 Sq Ft$1,459
Outpost at WacoB2989 Sq Ft$885
Woodhollow ApartmentsB2-D 2X2965 Sq Ft$1,300
The Green at WacoB3.1 Yard941 Sq Ft$995
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 April 14, 2025 the lowest priced 2 Bedroom apartment unit in Penelope, TX is the Two Bedroom Small Model starting from $849 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 2 Bedroom is the B1 Model at The Cove on 21st starting at $925 in the Alta Vista neighborhood. The average price for all 2 Bedroom apartments in Penelope is currently $1,274. Here is today’s list of the cheapest available 2 Bedroom options in Penelope:

Apartment ListingModel NamePriced From
University Club ApartmentsTwo Bedroom Small$849
The Cove on 21stB1$925
Waco Apartments2 Bed 1 Bath$925
URSA2BR/2BA - Flat$985
The Enclave at the StadiumB1$1,027
Highland Cove2 BR B $1,075
Woodhollow ApartmentsB1-D 2X1$1,200
Abbey Glenn ApartmentsB2$1,275
The Centre2/2$1,299
Tinsley PlaceGreenwich 2BR/2BA$1,384

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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 2 Bedroom Penelope Apartments

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

The average rent for a 2 Bedroom Apartment in Penelope is $1,274.

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 959 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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.