1048 Eagle Canyon Dr
China SpringTX76633
Cheap Homes for Rent in Penelope, TX from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Penelope.
1140 Faulkner Ln
WacoTX76704
35 Addi Lane
Lacy LakeviewTX76705
11 Addi Lane
Lacy LakeviewTX76705
1213 Kilgore Ln
WacoTX76705
101 N Walnut St
WacoTX76705
718 Rusk St
WacoTX76704
45 Addi Lane
Lacy LakeviewTX76705
1107 Chestnut St
WacoTX76704
512 Herring Ave
WacoTX76708
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Penelope, TX Local Guide
The one and only Texas Flag by Kimberly Vardeman is licensed under CC BY 2.0
How much does it cost to rent a home in Penelope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penelope 2 Bedroom Homes for Rent | $1,435 | $950 | $2,500 |
| Penelope 3 Bedroom Homes for Rent | $1,913 | $1,350 | $4,000 |
| Penelope 4 Bedroom Homes for Rent | $1,883 | $1,450 | $2,300 |
| Penelope 5 Bedroom Homes for Rent | $1,650 | $650 | $2,650 |
Browse Top Homes for Rent in Penelope
Explore Penelope
Penelope, TX Local Guide
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Cheapest Available Penelope Apartments for Rent and Nearby
The cheapest available apartment rental in Penelope, TX is a 1 Bed unit found at South Terrace in the South End neighborhood priced from $658. The Meadows Apartments in the Carver neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Penelope apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South Terrace | 1x1 | 1BR,1BA | $658 |
| The Meadows Apartments | One Bedroom | 1BR,1BA | $795 |
| Eleven06 on 35 Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $798 |
Best Value Apartments for Rent in Penelope, TX and Nearby
As of April 09, 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 Camden Model at Madison Highlands starting at $1,379 with a $1.26 price per square foot . Here is today’s list of the best values for Penelope apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Centre | 3/2.5 | 3BR,2.5BA | $1.28 |
| Madison Highlands | Camden | 3BR,2BA | $1.26 |
| URSA | 2BR/2BA - Flat - Pool View | 2BR,2BA | $1.20 |
| The Cove on 21st | B2U | 2BR,2BA | $1.41 |
| Highland Cove | 1 BR A | 1BR,1BA | $1.44 |
| LUXE AT 1300 | Calico | 1BR,1BA | $1.63 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
| The Meadows Apartments | One Bedroom | 1BR,1BA | $1.24 |
| South Terrace | 1x1 | 1BR,1BA | $1.07 |
| University Club Apartments | One Bedroom | 1BR,1BA | $1.36 |
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Frequently Asked Questions about Penelope
What type of rentals are currently available in Penelope?
There are currently 42 Apartments for Rent in Penelope, TX with pricing that ranges from $625 to $2,900. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penelope ranging from $650 to $4,000.
What is the current price range for Rental Homes in Penelope?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penelope ranges from $650 to $4,000 with an average monthly rent of $1,637.
How much are larger Three and Four Bedroom Rentals in Penelope?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penelope range from $700 to $2,869, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $690.
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.
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.
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.
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.
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.