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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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

Palm Terrace, Gainesville, FL Local Guide

Cheapest Available Palm Terrace Apartments for Rent

 

The cheapest available apartment rental in the Palm Terrace area of Gainesville, FL is a Studio unit found at College Park at Midtown priced from $949. Camelot Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,148. Here are the most affordable Palm Terrace apartments for rent in Gainesville, FL:

Apartment ListingModel NameBed/BathPriced From
College Park at MidtownThe CadeStudio,1BA$949
Camelot Apartments1/1 Village1BR,1BA$1,148
The Ridge on 34th2 Bedroom 1 Bathroom2BR,1BA$1,230

Best Value Apartments for Rent in Palm Terrace, FL

As of November 06, 2025 the best value apartment in the Palm Terrace area is the $1.29 price per square foot 2 Bedroom 1 Bathroom Model at The Ridge on 34th in the in the Suburban Heights neighborhood starting from $1,230. The second greatest value Palm Terrace apartment is the One Bedroom Model at Robert's 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 34th2 Bedroom 1 Bathroom2BR,1BA$1.29
Robert's Stadium ClubOne Bedroom1BR,1BA$2.16
MirabellaOne Bedroom Standard1BR,1BA$2.04
Camelot Apartments1/1 Village1BR,1BA$2.09
College Park at MidtownThe CadeStudio ,1BA$2.71

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Pet Friendly Lifestyle
Palm Terrace, Gainesville, FL

Ranked #6

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 College Park at Midtown which is listed at $1,099, while the average apartment in Palm Terrace costs $1,649.

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 17 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

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.