
Cheap Homes for Rent in the Palm Terrace Neighborhood of Gainesville, FL from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Palm Terrace area of Gainesville.


611 NW 35th St

1339 NW 25th Terrace
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

104 NW 23rd Dr

17 NW 24th St

507 NW 34th Ter
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

101 NW 21st St, Unit 103
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 | $1,893 | $1,500 | $2,600 |
| Palm Terrace 3 Bedroom Homes for Rent | $2,081 | $875 | $3,900 |
| Palm Terrace 4 Bedroom Homes for Rent | $2,867 | $2,500 | $3,200 |
| Palm Terrace 5 Bedroom Homes for Rent | $3,658 | $2,475 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $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 |
| Mirabella | Two Bedroom/ One Bath | 2BR,1BA | $1,248 |
Best Value Apartments for Rent in Palm Terrace, FL
As of July 27, 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 Palm Terrace
What type of rentals are currently available in Palm Terrace?
There are currently 34 Apartments for Rent in Palm Terrace, FL with pricing that ranges from $1,005 to $16,239. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Terrace ranging from $875 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 $875 to $6,000 with an average monthly rent of $2,349.
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 $1,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $7,194.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.