Cheap Apartments for Rent in the Palm Terrace Neighborhood of Gainesville, FL from $700 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Palm Terrace area of Gainesville.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1616 NW 3rd Ave
Studio Apartments

1616 NW 3rd Ave

1616 NW 3rd AveGainesville, FL 32603
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112 NW 19th St
Studio Apartments

112 NW 19th St

112 NW 19th StGainesville, FL 32603
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1517 NW 5th Ave
Studio Apartments

1517 NW 5th Ave

1517 NW 5th AveGainesville, FL 32603
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315 NW 17th St
Studio Apartments

315 NW 17th St

315 NW 17th StGainesville, FL 32603

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cheapest Available Palm Terrace Apartments for Rent

 

The cheapest available apartment rental in the Palm Terrace area of Gainesville, FL is a 1 Bed unit found at Camelot Apartments priced from $899. College Park at Midtown has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Palm Terrace apartments for rent in Gainesville, FL:

Apartment ListingModel NameBed/BathPriced From
Camelot Apartments1/1 Hammocks1BR,1BA$899
College Park at MidtownThe CadeStudio,1BA$949
The Ridge on 34th Avenue Apartments1 Bed 1 Bath1BR,1BA$1,005

Best Value Apartments for Rent in Palm Terrace, FL

As of April 10, 2026 the best value apartment in the Palm Terrace area is the $1.73 price per square foot 2/2 Townhome Model at Camelot Apartments in the in the Suburban Heights neighborhood starting from $2,595. The second greatest value Palm Terrace apartment is the One Bedroom Model at Roberts' Stadium Club starting at $1,900 with a $2.16 price per square foot in the Golfview neighborhood. Here is today’s list of the best values for Palm Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Camelot Apartments2/2 Townhome2BR,2BA$1.73
Roberts' Stadium ClubOne Bedroom1BR,1BA$2.16
The Ridge on 34th Avenue Apartments1 Bed 1 Bath1BR,1BA$1.34
The Wynwood1x1-B1BR,1BA$2.31
MirabellaOne Bedroom Standard1BR,1BA$2.00
College Park at MidtownThe CadeStudio ,1BA$2.71

Frequently Asked Questions about Cheap Palm Terrace Apartments

What is the price of a cheap apartment in Palm Terrace?

The cheapest apartment in Palm Terrace is Camelot Apartments which is listed at $899, while the average apartment in Palm Terrace costs $10,345.

What types of apartments are the cheapest in Palm Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Palm Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.