
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
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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
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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.
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 | $2,574 | $1,050 | $4,099 |
| Palm Terrace 1 Bedroom Apartments | $1,258 | $815 | $2,100 |
| Palm Terrace 2 Bedroom Apartments | $1,527 | $1,105 | $3,400 |
| Palm Terrace 3 Bedroom Apartments | $1,551 | $1,405 | $1,649 |
| Palm Terrace 4 Bedroom Apartments | $7,757 | $7,757 | $7,757 |
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Camelot Apartments | 1/1 Hammocks | 1BR,1BA | $1,099 |
| The Ridge on 34th Avenue Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,105 |
| College Park at Midtown | 421 Bristol | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Ridge on 34th Avenue Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.16 |
| 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 |
| 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 $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

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.

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.

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.

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.