Cheap Apartments for Rent in Palestine, IL from $300 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palestine.

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.

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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.

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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Elmdale Apartments
1 to 2 Bedroom Apartments

Elmdale Apartments

3924 N Elmdale RdOlney, IL 62450
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-42, Page 1 of 1

Palestine, IL Local Guide

Cheapest Available Palestine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palestine, IL is a 1 Bed unit found at Union Pointe in the Downtown Terre Haute neighborhood priced from $550. 1905 12th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Palestine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union Pointe1 Bedroom1BR,2BA$550
1905 12th St1BDR1BR,1BA$650
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Willow CrossingsPhase I - 1 Bed 1 Bath w Patio1BR,1BA$699
Lakewood Apartments1 Bed with stack wash/dry1BR,1BA$725
Winston Terrace2BR/1BA1BR,2BA$725
Riverside Apartments2 Bedroom2BR,1BA$750
Cobblestone Crossings ApartmentsAvalon - 1.Lower1BR,1BA$782
Springhill Apartments2 Bedroom2BR,1BA$785
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$785

Best Value Apartments for Rent in Palestine, IL and Nearby

As of December 26, 2025 the best value apartment in the Palestine area is the $0.89 price per square foot 3x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,170. The second greatest value Palestine apartment is the 2 Bedroom Model at The Landings starting at $1,000 with a $1.09 price per square foot . Here is today’s list of the best values for Palestine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Honey Creek3x23BR,2BA$0.89
The Landings2 Bedroom2BR,1BA$1.09
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
Springhill Apartments2 Bedroom2BR,1BA$0.98
Willow CrossingsPhase I - Luxury 1 Bed 1 Bath1BR,1BA$1.16
Riverside Apartments2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Lakewood Apartments1 Bed with stack wash/dry1BR,1BA$1.21
Union Pointe1 Bedroom1BR,2BA$0.92

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Palestine, IL Rentals by Map

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See the most popular apartments and homes in Palestine, IL

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Frequently Asked Questions about Cheap Palestine Apartments

How much is rent for a Cheap One Bedroom Palestine Apartment?

The lowest price for a Cheap One Bedroom Palestine Apartment is $550 at Union Pointe.

What is the lowest price for a Cheap Two Bedroom Palestine Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palestine is starting from $750 at Riverside Apartments.

What is the most affordable Palestine Three Bedroom Apartment?

The best deal on a cheap Palestine Three Bedroom Apartment rental is at Royal Heights and starts from $835.

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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!