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.

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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

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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 $1,099. The Ridge on 34th Avenue Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,105. Here are the most affordable Palm Terrace apartments for rent in Gainesville, FL:

Apartment ListingModel NameBed/BathPriced From
Camelot Apartments1/1 Hammocks1BR,1BA$1,099
The Ridge on 34th Avenue Apartments2 Bed 1 Bath2BR,1BA$1,105
College Park at Midtown421 Bristol2BR,1BA$1,349

Best Value Apartments for Rent in Palm Terrace, FL

As of July 09, 2026 the best value apartment in the Palm Terrace area is the $1.16 price per square foot 2 Bed 1 Bath Model at The Ridge on 34th Avenue Apartments in the in the Suburban Heights neighborhood starting from $1,105. 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.
The Ridge on 34th Avenue Apartments2 Bed 1 Bath2BR,1BA$1.16
Roberts' Stadium ClubOne Bedroom1BR,1BA$2.16
College Park at MidtownThe Avenues A4 with Premium Finishes2BR,2BA$2.18
The Wynwood1x1-A1BR,1BA$2.33
MirabellaOne Bedroom Standard1BR,1BA$2.08
Camelot Apartments1/1 Hammocks1BR,1BA$2.00

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 $1,099, while the average apartment in Palm Terrace costs $15,810.

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 10 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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.