
Cheap Homes for Rent in Palestine, IL from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Palestine.


1231 E Dawn Dr

46 S 19th St

6267 Lafayette St

1231 S 10th 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.

6702 S Honey Creek St

916 Kussner St

1742 E Morgan Dr

2607 S 8th St

4255 S Avery 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.

4293 S Avery St

2875 S 6th St

80 SW 1st St

918 S 4th St

600 E Jefferson Ave
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.

1520 S 18th 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 | $963 | $795 | $1,250 |
| Palestine 3 Bedroom Homes for Rent | $1,334 | $875 | $1,950 |
| Palestine 4 Bedroom Homes for Rent | $2,416 | $2,400 | $2,425 |
| Palestine 5 Bedroom Homes for Rent | $2,575 | $2,550 | $2,600 |
Browse Top Homes for Rent in Palestine
Explore Palestine
Palestine, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| 1905 12th St | 1BDR | 1BR,1BA | $650 |
| Winston Terrace | 1BR/1BA | 1BR,1BA | $725 |
| Lakewood Apartments | 1 Bed with stack wash/dry | 1BR,1BA | $725 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $750 |
Best Value Apartments for Rent in Palestine, IL and Nearby
As of January 03, 2026 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors at Honey Creek | 3x2 | 3BR,2BA | $0.89 |
| The Landings | 2 Bedroom | 2BR,1BA | $1.09 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $0.94 |
| Springhill Apartments | 2 Bedroom | 2BR,1BA | $0.98 |
| Willow Crossings | Phase I - Luxury 1 Bed 1 Bath | 1BR,1BA | $1.14 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
| Lakewood Apartments | 1 Bed with stack wash/dry | 1BR,1BA | $1.21 |
| 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 ArticleThe 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.
Read ArticleCash 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.
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 Palestine
What type of rentals are currently available in Palestine?
There are currently 43 Apartments for Rent in Palestine, IL with pricing that ranges from $460 to $2,636. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palestine ranging from $550 to $2,600.
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 $550 to $2,600 with an average monthly rent of $1,418.
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 $534 to $2,574, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,950. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $567.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!