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
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. 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

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

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

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.

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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.