3 Bedroom Apartments for Rent in Penelope, TX (28 Rentals)

Outpost at Waco

University Club Apartments

The Cove on 21st

The Enclave at the Stadium

523 Lottie St

303 Walker St

1224 Renick St

5620 Old Dallas Rd

18244 NW County Rd 3360

144 Shirley Dr

2008 King Cole Dr

243 Hcr 3131

809 N 4th St

408 S Church St

10708 Granada Dr

10828 Burnham Dr

1202 Ave B

3921 S Fork Ranch Rd

3300 Adeline Dr

2055 Fm 667
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 | $1,503 | $639 | $1,635 |
Penelope 1 Bedroom Apartments | $1,451 | $655 | $2,915 |
Penelope 2 Bedroom Apartments | $1,575 | $770 | $3,835 |
Penelope 3 Bedroom Apartments | $1,383 | $700 | $2,805 |
Penelope 4 Bedroom Apartments | $1,053 | $690 | $2,900 |
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Penelope, TX Local Guide
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Largest Available Penelope and Nearby 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in Penelope, TX is found at The Centre in the Carver neighborhood and is 1,206 square feet priced from $1,549. Tinsley Place has the second largest 3 Bedroom, which is sized at 1,206 square feet and currently listed start at $1,811. Here is today’s list of the largest available 3 Bedroom units in Penelope:
Apartment Listing | Model Name | Square Footage | Priced From |
---|---|---|---|
The Centre | 3/2.5 | 1,206 Sq Ft | $1,549 |
Tinsley Place | Uptown I 3BR/3BA | 1,206 Sq Ft | $1,811 |
Outpost at Waco | C1 | 1,205 Sq Ft | $815 |
Highland Cove | 3 BR C | 1,193 Sq Ft | $1,375 |
Madison Highlands | Camden | 1,096 Sq Ft | $1,379 |
The Enclave at the Stadium | C1 | 952 Sq Ft | $1,174 |
University Club Apartments | Three Bedroom | 833 Sq Ft | $949 |
Cheapest Available Penelope and Nearby 3 Bedroom Apartments
As of March 10, 2025 the lowest priced 3 Bedroom apartment unit in Penelope, TX is the Three Bedroom Model starting from $949 at University Club Apartments in the Carver neighborhood. The second most affordable Penelope 3 Bedroom is the C1 Model at The Enclave at the Stadium starting at $1,174 . The average price for all 3 Bedroom apartments in Penelope is currently $1,383. Here is today’s list of the cheapest available 3 Bedroom options in Penelope:
Apartment Listing | Model Name | Priced From |
---|---|---|
University Club Apartments | Three Bedroom | $949 |
The Enclave at the Stadium | C1 | $1,174 |
Highland Cove | 3 BR C | $1,375 |
Madison Highlands | Camden | $1,379 |
The Centre | 3/2.5 | $1,549 |
Tinsley Place | Uptown II 3BR/3BA | $1,761 |
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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 3 Bedroom Penelope Apartments
What is the Cheapest apartment in Penelope with 3 Bedroom?
Currently the most affordable 3 Bedroom in Penelope is at University Club Apartments listed at $949.
How much is the average rent for a 3 Bedroom Penelope Apartment?
The average rent for a 3 Bedroom Apartment in Penelope is $1,383.
What is the largest available 3 Bedroom Penelope Apartment for rent?
Today's apartment with the most square footage in Penelope is a 1,206 square feet unit starting from $1,549 at The Centre.
What is the average size for Penelope 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Penelope is currently 1,493 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.

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.

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.

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.

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.