
Cheap Apartments for Rent in the Palm Terrace Neighborhood of Gainesville, FL from $739 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palm Terrace area of Gainesville.


Camelot Apartments

The Ridge on 34th Avenue Apartments

Roberts' Stadium Club

Stadium Central Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1517 NW 5th Ave

1616 NW 3rd Ave

112 NW 19th St

315 NW 17th St

Third Place at Midtown
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Palm Terrace, Gainesville, FL Local Guide

How much does it cost to rent an apartment in Palm Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palm Terrace Studio Apartments | $2,714 | $1,050 | $4,379 |
| Palm Terrace 1 Bedroom Apartments | $1,290 | $1,005 | $2,100 |
| Palm Terrace 2 Bedroom Apartments | $1,617 | $1,178 | $3,400 |
| Palm Terrace 3 Bedroom Apartments | $1,517 | $1,405 | $1,649 |
| Palm Terrace 4 Bedroom Apartments | $6,854 | $6,854 | $6,854 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Palm Terrace Neighborhood of Gainesville, FL.
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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. Gator View & Gator Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,155. Here are the most affordable Palm Terrace apartments for rent in Gainesville, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Camelot Apartments | 1/1 Hammocks | 1BR,1BA | $1,099 |
| Gator View & Gator Park | 1BR / 1BA at Gator View Apartments | 1BR,1BA | $1,155 |
| The Wynwood | 1x1-B | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in Palm Terrace, FL
As of August 24, 2026 the best value apartment in the Palm Terrace area is the $2.65 price per square foot 4BR / 4.5BA at The Craftsman Luxury Townhomes Model at The Craftsman in the in the Golfview neighborhood starting from $4,560. The second greatest value Palm Terrace apartment is the 4BR/2.0BA Model at Third Place at Midtown starting at $2,600 with a $1.65 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Craftsman | 4BR / 4.5BA at The Craftsman Luxury Townhomes | 4BR,4.5BA | $2.65 |
| Third Place at Midtown | 4BR/2.0BA | 4BR,2BA | $1.65 |
| Roberts' Stadium Club | One Bedroom | 1BR,1BA | $2.16 |
| College Park at Midtown | The Avenues A4 with Premium Finishes | 2BR,2BA | $2.18 |
| The Wynwood | 1x1-A | 1BR,1BA | $2.33 |
| Mirabella | One Bedroom Standard | 1BR,1BA | $2.08 |
| Gator View & Gator Park | 1BR / 1BA at Gator View Apartments | 1BR,1BA | $2.01 |
| Camelot Apartments | 1/1 Hammocks | 1BR,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 $1,298.
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 8 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.