
Cheap Apartments for Rent in the Palm Terrace Neighborhood of Gainesville, FL from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palm Terrace area of Gainesville.


The Ridge on 34th Avenue Apartments

Camelot Apartments

Roberts' Stadium Club

Stadium Central Apartments
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.

1616 NW 3rd Ave

112 NW 19th St

1517 NW 5th Ave

315 NW 17th St

Third Place At Midtown
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.
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 | $1,619 | $949 | $2,289 |
| Palm Terrace 1 Bedroom Apartments | $1,151 | $805 | $2,100 |
| Palm Terrace 2 Bedroom Apartments | $1,385 | $1,105 | $3,400 |
| Palm Terrace 3 Bedroom Apartments | $1,517 | $1,405 | $1,649 |
| Palm Terrace 4 Bedroom Apartments | $4,865 | $4,865 | $4,865 |
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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Camelot Apartments | 1/1 Hammocks | 1BR,1BA | $899 |
| College Park at Midtown | The Cade | Studio,1BA | $949 |
| The Ridge on 34th Avenue Apartments | 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Camelot Apartments | 2/2 Townhome | 2BR,2BA | $1.73 |
| Roberts' Stadium Club | One Bedroom | 1BR,1BA | $2.16 |
| The Ridge on 34th Avenue Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.34 |
| The Wynwood | 1x1-B | 1BR,1BA | $2.31 |
| Mirabella | One Bedroom Standard | 1BR,1BA | $2.00 |
| College Park at Midtown | The Cade | Studio ,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

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.

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.

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.

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.