
Cheap Homes for Rent in Palermo, ND from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Palermo.


1216 6th Ave NE
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.

416 2nd Ave NE

1015 27th St SE
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.

5119 US-83
Palermo, ND Local Guide

How much does it cost to rent a home in Palermo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palermo 2 Bedroom Homes for Rent | $1,670 | $815 | $2,600 |
| Palermo 3 Bedroom Homes for Rent | $1,421 | $825 | $1,975 |
| Palermo 4 Bedroom Homes for Rent | $2,595 | $2,595 | $2,595 |
| Palermo 5 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Browse Top Homes for Rent in Palermo
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Palermo, ND Local Guide
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Cheapest Available Palermo Apartments for Rent and Nearby
 The cheapest available apartment rental in Palermo, ND is a Studio unit found at The Parker in the Downtown Minot neighborhood priced from $500. South Glen Village in the Downtown Minot neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $613. Here is today’s list of the most affordable Palermo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Parker | Studio, 1 bath | Studio,1BA | $500 |
| South Glen Village | 3 Bed 2 Bath | 3BR,2BA | $613 |
| Park Place North | 2 Bedroom | 2BR,1BA | $750 |
Best Value Apartments for Rent in Palermo, ND and Nearby
As of May 07, 2026 the best value apartment in the Palermo area is the $1.08 price per square foot 3 Bedroom Duplex Model at Stanley Town Homes in the starting from $2,060. The second greatest value Palermo apartment is the 3 Bed 2 Bath Model at Minot Place Apartments starting at $1,415 with a $1.25 price per square foot in the Downtown Minot neighborhood. Here is today’s list of the best values for Palermo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stanley Town Homes | 3 Bedroom Duplex | 3BR,2.5BA | $1.08 |
| Minot Place Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.25 |
| South Glen Village | 3 Bed 2 Bath | 3BR,2BA | $0.55 |
| Tioga Townhomes | 2 Bed 1 Bath | 2BR,1.5BA | $1.04 |
| Dakota Point Apartments | 2 Bedrooms, 2 Bathrooms Furnished | 2BR,2BA | $1.07 |
| Tioga Apartments | C | 2BR,2BA | $1.06 |
| Olson Apartments | 2 Bed /2 Bath | 2BR,2BA | $0.91 |
| Westridge Apartments | 2 Bed / 1 Bath Remodeled | 2BR,1BA | $1.03 |
| Timber Cove Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.17 |
| The Parker | Studio, 1 bath | Studio ,1BA | $1.39 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Palermo
What type of rentals are currently available in Palermo?
There are currently 42 Apartments for Rent in Palermo, ND with pricing that ranges from $500 to $2,341. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palermo ranging from $815 to $2,850.
What is the current price range for Rental Homes in Palermo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palermo ranges from $815 to $2,850 with an average monthly rent of $1,900.
How much are larger Three and Four Bedroom Rentals in Palermo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palermo range from $850 to $2,341, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $1,975. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $2,200.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.