Cheap Apartments for Rent in Penelope, TX from $600 (33 Rentals)

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The Madison
1 to 2 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701

Penelope, TX Local Guide

Cheapest Available Penelope Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penelope, TX is a Studio unit found at Eagle Crest Apartments in the Carver neighborhood priced from $639. University Club Apartments in the Carver neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Penelope apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Crest ApartmentsEfficiency/StudioStudio,1BA$639
University Club ApartmentsOne Bedroom1BR,1BA$799
Eleven06 on 35A1-U1BR,1BA$890
The Meadows ApartmentsTwo Bedroom2BR,1BA$910
PECAN RIDGE-WACOA21BR,1BA$915
The Enclave at the StadiumA11BR,1BA$919
Woodhollow ApartmentsA1-Designer Plus1BR,1BA$924
Derek VilleStudio1BR,1BA$1,000
Highland Cove1 BR A 1BR,1BA$1,010
URSA2BR/2BA - Flat2BR,2BA$1,035

Best Value Apartments for Rent in Penelope, TX and Nearby

As of February 11, 2025 the best value apartment in the Penelope area is the $1.28 price per square foot 3/2.5 Model at The Centre in the in the Carver neighborhood starting from $1,549. The second greatest value Penelope apartment is the Bradley Model at Madison Highlands starting at $1,129 with a $1.19 price per square foot . Here is today’s list of the best values for Penelope apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Centre3/2.53BR,2.5BA$1.28
Madison HighlandsBradley2BR,2BA$1.19
URSA2BR/2BA - Flat - Pool View2BR,2BA$1.20
The Meadows ApartmentsTwo Bedroom2BR,1BA$1.21
Highland Cove1 BR A 1BR,1BA$1.44
Carriage House672 sq ft 1 bed1BR,1BA$1.64
The Enclave at the StadiumA11BR,1BA$1.53
The Cove on 21stA1R1BR,1BA$1.60
PECAN RIDGE-WACOA21BR,1BA$1.52
University Club ApartmentsOne Bedroom1BR,1BA$1.36

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Explore Penelope, TX Rentals by Map

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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 Cheap Penelope Apartments

What is the Cheapest Studio apartment in Penelope?

Currently the most affordable Cheap Studio Apartment in Penelope is at Eagle Crest Apartments listed at $639.

How much is rent for a Cheap One Bedroom Penelope Apartment?

The lowest price for a Cheap One Bedroom Penelope Apartment is $759 at Eagle Crest Apartments.

What is the lowest price for a Cheap Two Bedroom Penelope Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penelope is starting from $839 at Eagle Crest Apartments.

What is the most affordable Penelope Three Bedroom Apartment?

The best deal on a cheap Penelope Three Bedroom Apartment rental is at University Club Apartments and starts from $949.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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