
Cheap Homes for Rent near Palestine, IL from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Palestine.


2015 Washington Ave

626 E Curry Dr

1520 Main St

1818 E Morgan Dr

221 E Jackson St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1268 E Dawn Dr

610 S 5th St

1465 S 18th St

1915 S 8th St

824 E Harris St

1117 N State St
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.

1107 N State St
Palestine, IL Local Guide

How much does it cost to rent a home in Palestine?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palestine 2 Bedroom Homes for Rent | $989 | $642 | $1,300 |
| Palestine 3 Bedroom Homes for Rent | $1,022 | $750 | $1,295 |
| Palestine 4 Bedroom Homes for Rent | $1,700 | $1,600 | $1,800 |
Browse Top Homes for Rent in Palestine
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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 Studio unit found at Springhill Apartments priced from $550. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| Springhill Apartments | Efficiency - 1 Person | Studio,1BA | $550 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $610 |
| Northwind | The Hickory | 1BR,1BA | $650 |
Best Value Apartments for Rent in Palestine, IL and Nearby
As of August 09, 2026 the best value apartment in the Palestine area is the $1.07 price per square foot Avalon - 3 Model at Cobblestone Crossings Apartments in the starting from $1,335. 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 | Avalon - 3 | 3BR,2BA | $1.07 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| River Valley Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.11 |
| 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 |
| Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $0.95 |
| Harrison West | 1 Bedroom | 1BR,1BA | $1.08 |
| 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
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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 Palestine
What type of rentals are currently available in Palestine?
There are currently 47 Apartments for Rent in Palestine, IL with pricing that ranges from $399 to $2,203. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palestine ranging from $642 to $1,800.
What is the current price range for Rental Homes in Palestine?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palestine ranges from $642 to $1,800 with an average monthly rent of $970.
How much are larger Three and Four Bedroom Rentals in Palestine?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palestine range from $549 to $2,203, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,295. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $399.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.