
Cheap Homes for Rent in Palm Terrace Neighborhood of Gainesville, FL from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Palm Terrace area of Gainesville.


111 NW 21st St

3027 NW 1st Ave

929 NW 22nd 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.

3125 W University Ave

1929 NW 7th Ln

610 NW 34th Ter

8 NW 24 St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 3 Bedroom Homes for Rent | $2,537 | $2,250 | $2,900 |
| Palm Terrace 4 Bedroom Homes for Rent | $3,391 | $2,250 | $5,600 |
| Palm Terrace 5 Bedroom Homes for Rent | $4,250 | $3,500 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Palm Terrace Neighborhood of Gainesville, FL.
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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 $895. 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 | $895 |
| College Park at Midtown | The Cade | Studio,1BA | $949 |
| The Ridge on 34th Avenue Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,130 |
Best Value Apartments for Rent in Palm Terrace, FL
As of March 14, 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Camelot Apartments | 2/2 Townhome | 2BR,2BA | $1.73 |
| Robert's Stadium Club | One Bedroom | 1BR,1BA | $2.16 |
| The Ridge on 34th Avenue Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.51 |
| The Wynwood | 1x1-B | 1BR,1BA | $1.98 |
| 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 40 Apartments for Rent in Palm Terrace, FL with pricing that ranges from $805 to $9,996. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Terrace ranging from $1,300 to $5,600.
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 $1,300 to $5,600 with an average monthly rent of $2,869.
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 $1,499 to $2,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $4,654.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.