Cheap Homes for Rent in Palm Terrace Neighborhood of Gainesville, FL from $900 (7 Rentals)

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

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.

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.

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
The Ridge on 34th Avenue Apartments1 Bed 1 Bath1BR,1BA$1,005

Best Value Apartments for Rent in Palm Terrace, FL

As of April 28, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Camelot Apartments2/2 Townhome2BR,2BA$1.73
Roberts' Stadium ClubOne Bedroom1BR,1BA$2.16
The Ridge on 34th Avenue Apartments1 Bed 1 Bath1BR,1BA$1.34
The Wynwood1x1-B1BR,1BA$2.31
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 34 Apartments for Rent in Palm Terrace, FL with pricing that ranges from $795 to $9,430. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Terrace ranging from $925 to $4,500.

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 $4,500 with an average monthly rent of $2,625.

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 $1,895 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $4,734.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.