
Cheap Homes for Rent in Palmer, IA from $400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Palmer.


546 2nd St

744 1st St

505 1/2 11th St
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.

2119 13th Ave S

226 Hawkeye Ave

1422 5th Ave N

348 Minnie 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.

741 Westridge Rd
Palmer, IA Local Guide

How much does it cost to rent a home in Palmer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer 2 Bedroom Homes for Rent | $1,189 | $715 | $2,050 |
| Palmer 3 Bedroom Homes for Rent | $1,770 | $1,100 | $2,500 |
| Palmer 4 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Browse Top Homes for Rent in Palmer
Explore Palmer
Palmer, IA Local Guide
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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 |
| Valley Railroad Apartments | 1 Bedroom | 1BR,1BA | $495 |
Best Value Apartments for Rent in Palmer, IA and Nearby
As of May 03, 2026 the best value apartment in the Palmer area is the $1.00 price per square foot Cottage - 3 Model at Fair View in the starting from $1,245. The second greatest value Palmer apartment is the 3x3 Furnished Model at The Madison starting at $595 with a $0.55 price per square foot in the Fountainview 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. |
|---|---|---|---|
| Fair View | Cottage - 3 | 3BR,2BA | $1.00 |
| The Madison | 3x3 Furnished | 3BR,3BA | $0.55 |
| Furman Western Hills | 2BR 2BA | 2BR,2BA | $1.02 |
| Western Hills Apartments | 2 Bed/2 Bath Apartment | 2BR,2BA | $1.05 |
| Kate's Landing | Cottage - 2 | 2BR,1BA | $1.09 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| Valley Railroad Apartments | 1 Bedroom | 1BR,1BA | $0.65 |
| Bergengreen Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.10 |
| Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.97 |
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $1.08 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 Palmer, IA Rentals by Map
See the most popular apartments and homes in Palmer, IA
Frequently Asked Questions about Palmer
What type of rentals are currently available in Palmer?
There are currently 64 Apartments for Rent in Palmer, IA with pricing that ranges from $429 to $1,895. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer ranging from $400 to $2,500.
What is the current price range for Rental Homes in Palmer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmer ranges from $400 to $2,500 with an average monthly rent of $1,039.
How much are larger Three and Four Bedroom Rentals in Palmer?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palmer range from $529 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $429.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.