Cheap Apartments for Rent in the Palm Terrace Neighborhood of Gainesville, FL from $739 (10 Rentals)

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

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.

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1517 NW 5th Ave
Studio Apartments

1517 NW 5th Ave

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

315 NW 17th St

315 NW 17th StGainesville, FL 32603

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.

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 ListingModel NameBed/BathPriced From
Camelot Apartments1/1 Hammocks1BR,1BA$1,099
Gator View & Gator Park1BR / 1BA at Gator View Apartments1BR,1BA$1,155
The Wynwood1x1-B1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Craftsman4BR / 4.5BA at The Craftsman Luxury Townhomes4BR,4.5BA$2.65
Third Place at Midtown4BR/2.0BA4BR,2BA$1.65
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
Gator View & Gator Park1BR / 1BA at Gator View Apartments1BR,1BA$2.01
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 $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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.