
Cheap Homes for Rent in Palm Terrace Neighborhood of Gainesville, FL from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Palm Terrace area of Gainesville.


211 NW 25 St

2034 NW 3rd Ave

321 NW 15th Terrace

1500 NW 4th Ave
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.

17 NW 24th St

8 SW 26th St

2260 W University Ave

101 NW 21st St, Unit 103

110 NW 21st St
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.

411 NW 26th St
Palm Terrace, Gainesville, FL Local Guide

How much does it cost to rent a home in Palm Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palm Terrace 2 Bedroom Homes for Rent | $1,782 | $1,300 | $2,600 |
| Palm Terrace 3 Bedroom Homes for Rent | $2,797 | $1,950 | $3,900 |
| Palm Terrace 4 Bedroom Homes for Rent | $2,922 | $1,150 | $4,400 |
| Palm Terrace 5 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
| Palm Terrace 6 Bedroom Homes for Rent | $4,125 | $3,750 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Palm Terrace Neighborhood of Gainesville, FL.
Explore Gainesville
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 |
| Mirabella | One Bedroom Standard | 1BR,1BA | $1,299 |
| The Wynwood | 1x1-B | 1BR,1BA | $1,395 |
| The Ridge on 34th Avenue Apartments | 3 Bed 2 Bath | 3BR,2BA | $1,405 |
Best Value Apartments for Rent in Palm Terrace, FL
As of June 12, 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 3 Bed 2 Bath Model at The Ridge on 34th Avenue Apartments starting at $1,405 with a $1.08 price per square foot in the Suburban Heights 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 |
| The Ridge on 34th Avenue Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.08 |
| Roberts' Stadium Club | One Bedroom | 1BR,1BA | $2.16 |
| The Wynwood | 1x1-B | 1BR,1BA | $2.13 |
| Mirabella | One Bedroom Standard | 1BR,1BA | $2.00 |
| College Park at Midtown | The Cade | Studio ,1BA | $2.71 |
Frequently Asked Questions about Palm Terrace
What type of rentals are currently available in Palm Terrace?
There are currently 36 Apartments for Rent in Palm Terrace, FL with pricing that ranges from $815 to $4,392. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Terrace ranging from $925 to $6,000.
What is the current price range for Rental Homes in Palm Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palm Terrace ranges from $925 to $6,000 with an average monthly rent of $3,141.
How much are larger Three and Four Bedroom Rentals in Palm Terrace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palm Terrace range from $1,405 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $4,392.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.