Cheap Homes for Rent in Palm Terrace Neighborhood of Gainesville, FL from $900 (11 Rentals)

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

property at 1500 NW 4th Ave

$1,300 - $1,375

1 Bedroom Rentals

Available Now

1500 NW 4th Ave

GainesvilleFL32603

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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.

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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 ListingModel NameBed/BathPriced From
Camelot Apartments1/1 Hammocks1BR,1BA$899
College Park at MidtownThe CadeStudio,1BA$949
MirabellaOne Bedroom Standard1BR,1BA$1,299
The Wynwood1x1-B1BR,1BA$1,395
The Ridge on 34th Avenue Apartments3 Bed 2 Bath3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Camelot Apartments2/2 Townhome2BR,2BA$1.73
The Ridge on 34th Avenue Apartments3 Bed 2 Bath3BR,2BA$1.08
Roberts' Stadium ClubOne Bedroom1BR,1BA$2.16
The Wynwood1x1-B1BR,1BA$2.13
MirabellaOne Bedroom Standard1BR,1BA$2.00
College Park at MidtownThe CadeStudio ,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

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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.

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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.

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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.

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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.