
Cheap Apartments for Rent near Palestine, IL from $300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Palestine.


River Valley Apartments

Anthony Square Senior Apartments

Arbors at Honey Creek

Springhill Apartments

Union Pointe
Rent According to Income: A Look at Income-Restricted Rentals
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Arthur Ave Apartments

Park Place

Northwind

Southern Meadows Senior Living

Indian Trail Apartments

Historic Walnut Square
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.

143 E Griffith St

Sugar Creek Crossing

Newton Senior Housing

1103 Broadway St

2015 Washington Ave

626 E Curry Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1520 Main St
Palestine, IL Local Guide

How much does it cost to rent an apartment in Palestine?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palestine Studio Apartments | $735 | $425 | $869 |
| Palestine 1 Bedroom Apartments | $955 | $525 | $1,494 |
| Palestine 2 Bedroom Apartments | $1,070 | $460 | $1,814 |
| Palestine 3 Bedroom Apartments | $1,500 | $549 | $2,203 |
| Palestine 4 Bedroom Apartments | $1,107 | $399 | $1,980 |
Browse Top Apartments in Palestine
See all Apartments in PalestineExplore Palestine
Palestine, IL Local Guide
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Cheapest Available Palestine Apartments for Rent and Nearby
 The cheapest available apartment rental in Palestine, IL is a 2 Beds unit found at River Valley Apartments in the Downtown Terre Haute neighborhood priced from $460. Springhill Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Palestine apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $460 |
| Springhill Apartments | Efficiency - 1 Person | Studio,1BA | $550 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $610 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
Best Value Apartments for Rent in Palestine, IL and Nearby
As of July 27, 2026 the best value apartment in the Palestine area is the $1.02 price per square foot Barcelona - 2.Lower.Garage Model at Cobblestone Crossings Apartments in the starting from $1,612. The second greatest value Palestine apartment is the 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Palestine apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cobblestone Crossings Apartments | Barcelona - 2.Lower.Garage | 2BR,2BA | $1.02 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $0.50 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.38 |
| THE GROVE AT FARRINGTON | 2 Bed 1 Bath | 2BR,1BA | $0.90 |
| The Annex of Terre Haute | 2 Bed 1 Bath | 2BR,1BA | $0.77 |
| Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $0.97 |
| Sycamore Place | 2.1 C | 2BR,1BA | $0.80 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
| Union Pointe | 1 Bedroom | 1BR,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.
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!
Explore Palestine, IL Rentals by Map
See the most popular apartments and homes in Palestine, IL
Frequently Asked Questions about Cheap Palestine Apartments
What is the Cheapest Studio apartment in Palestine?
Currently the most affordable Cheap Studio Apartment in Palestine is at Springhill Apartments listed at $550.
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 $460 at River Valley Apartments.
What is the most affordable Palestine Three Bedroom Apartment?
The best deal on a cheap Palestine Three Bedroom Apartment rental is at Arbors at Honey Creek and starts from $706.
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.