
Cheap Apartments for Rent in Palmer, IA from $400 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmer.


Phillips Luxury Apartments

Midtown Village Apartments

Western Hills Apartments

Hickory Ridge Apartments

Woodland Park - Manson

Park View Apartments

Bergengreen Apartments

College Creek Apartments

Tallgrass Village
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.

Hancock Apartments

Windcrest Village I & II

Wyndsor Terrace

Deer Creek Apartments

West Field Apartments

Lewis Hotel Apartments

District 29 Apartments & Townhomes

Somerset Apartments

Furman Western Hills

Prairieview Manor
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.

Total Monthly Price
Fair View by Kading

Total Monthly Price
Linden Station Apartments

West Towne

The Shores at Spirit Lake

SUNDANCE BOONE APARTMENTS

Cedar Crossing 2

Burt 18-(Countryside Properties)

Dodecagon Plaza

Valley Railroad Apartments

Rolfe 20-Unit
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.

744 1st St

Heartland Senior Housing

505 1/2 11th St

The Briza

700 Central Ave

515 Mamie Eisenhower Ave

919 N 29th St

Fonda Apartments

334 Center St

335 Elm 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.

Woodland Park - Holstein

614 N 12th St

1109 Central Ave

729 Westridge Rd

Seneca Place Apartments

5504 Kansas Dr

727 Westridge Rd

Delaware Woods

1411 9th Ave S

Boone Park
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.
Palmer, IA Local Guide

How much does it cost to rent an apartment in Palmer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer Studio Apartments | $800 | $580 | $1,099 |
| Palmer 1 Bedroom Apartments | $930 | $650 | $1,340 |
| Palmer 2 Bedroom Apartments | $1,103 | $775 | $1,799 |
| Palmer 3 Bedroom Apartments | $1,332 | $535 | $2,370 |
| Palmer 4 Bedroom Apartments | $877 | $439 | $1,760 |
Browse Top Apartments in Palmer
See all Apartments in PalmerExplore Palmer
Palmer, IA Local Guide
- Nearby Cities
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Cheapest Available Palmer Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmer, IA is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. Rolfe 20-Unit has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Palmer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $425 |
| Rolfe 20-Unit | 1 Bedroom | 1BR,1BA | $495 |
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $647 |
| Midtown Village Apartments | 1 Bed, 1 bath | 1BR,1BA | $650 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $699 |
| Valley Railroad Apartments | 3 Bedroom | 3BR,2BA | $725 |
| Woodland Park - Manson | 1 BR | 1BR,1BA | $725 |
| College Creek Apartments | 1 Bedroom Apartment | 1BR,1BA | $755 |
| District 29 Apartments & Townhomes | Studio Apartment | Studio,1BA | $800 |
| Somerset Apartments | Studio Apartment | Studio,1BA | $800 |
Best Value Apartments for Rent in Palmer, IA and Nearby
As of July 15, 2026 the best value apartment in the Palmer area is the $0.55 price per square foot 3x3 Furnished Model at The Madison Apartments in the in the Fountainview neighborhood starting from $595. The second greatest value Palmer apartment is the 3 Bedroom Model at Valley Railroad Apartments starting at $725 with a $0.71 price per square foot in the Dallas County neighborhood. Here is today’s list of the best values for Palmer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Madison Apartments | 3x3 Furnished | 3BR,3BA | $0.55 |
| Valley Railroad Apartments | 3 Bedroom | 3BR,2BA | $0.71 |
| William Pointe by Kading | Villa | 3BR,1BA | $0.92 |
| Cedar Pointe by Kading | Villa | 3BR,1BA | $1.04 |
| Hancock Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.97 |
| Fair View by Kading | Cottage - 2 | 2BR,1BA | $1.00 |
| Wyndsor Terrace | 2 bed 1 bath | 2BR,1BA | $1.01 |
| Midtown Village Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.05 |
| Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.97 |
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $1.08 |
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 Palmer, IA Rentals by Map
See the most popular apartments and homes in Palmer, IA
Frequently Asked Questions about Cheap Palmer Apartments
What is the Cheapest Studio apartment in Palmer?
Currently the most affordable Cheap Studio Apartment in Palmer is at Hickory Ridge Apartments listed at $699.
How much is rent for a Cheap One Bedroom Palmer Apartment?
The lowest price for a Cheap One Bedroom Palmer Apartment is $425 at Burt 18-Unit (Countryside Properties).
What is the lowest price for a Cheap Two Bedroom Palmer Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palmer is starting from $595 at Rolfe 20-Unit.
What is the most affordable Palmer Three Bedroom Apartment?
The best deal on a cheap Palmer Three Bedroom Apartment rental is at Valley Railroad Apartments and starts from $725.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.