Cheap Apartments for Rent in Palmetto, LA from $500 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palmetto.

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.

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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.

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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.

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The Meadows Apartments
1 to 3 Bedroom Apartments

The Meadows Apartments

200 High Meadows BlvdLafayette, LA 70507
Corporate Housing
  • Utilities Included
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River Oaks Apartments
1 to 2 Bedroom Apartments

River Oaks Apartments

2509 Johnston StLafayette, LA 70503
  • Utilities Included

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.

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Summer Place Apartments
1 to 2 Bedroom Apartments

Summer Place Apartments

1901 Eraste Landry RdLafayette, LA 70506
Corporate Housing
  • Utilities Included
Showing Results 1-30, Page 1 of 1

Palmetto, LA Local Guide

Cheapest Available Palmetto Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palmetto, LA is a 1 Bed unit found at Eagle Run in the Central Lafayette Parish neighborhood priced from $750. Diamond Lakes Apartment Homes in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $767. Here is today’s list of the most affordable Palmetto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Run1BR Floor Plan1BR,1BA$750
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$767
Theater Street ApartmentsB3UF Floor Plan2BR,2BA$780
Lila PlaceLPA21BR,1BA$795
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - Studio - ACCStudio,1BA$810
BasswoodLarge 1x1 Main Level Classic1BR,1BA$825
French Colony1 Bedroom 1 Bathroom1BR,1BA$845
River Oaks Apartments1x1TH1BR,1BA$850
Bridgeway Apartments II2 Bed 2 Bath: B2BR,2BA$879

Best Value Apartments for Rent in Palmetto, LA and Nearby

As of December 10, 2025 the best value apartment in the Palmetto area is the $0.99 price per square foot 3 Bedroom Model at Brooke Pointe in the in the Central Lafayette Parish neighborhood starting from $1,250. The second greatest value Palmetto apartment is the 2x2 Model at City Heights Steeplechase C.H.A.M. starting at $990 with a $0.94 price per square foot in the Central Lafayette Parish neighborhood. Here is today’s list of the best values for Palmetto apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brooke Pointe3 Bedroom3BR,2BA$0.99
City Heights Steeplechase C.H.A.M.2x22BR,2BA$0.94
Canterbury Square2 Bedroom2BR,2BA$1.00
Whispering Oaks Apartments2x2 950sf upstairs2BR,2BA$1.03
Holly PlaceHPB22BR,1BA$0.93
Cheyenne HeightsTwo Bed2BR,1BA$1.06
Mimosa Place Apartments2 bedroom upstairs2BR,1BA$1.16
River Oaks Apartments1x1TH1BR,1BA$1.18
Pinewoods ApartmentsOne bed One bath1BR,1BA$1.19
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1.18

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.

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The 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Palmetto, LA Rentals by Map

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See the most popular apartments and homes in Palmetto, LA

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Getting Around Palmetto, LA

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Palmetto Apartments

What is the Cheapest Studio apartment in Palmetto?

Currently the most affordable Cheap Studio Apartment in Palmetto is at Acadian Crossing/Utilities Included listed at $810.

How much is rent for a Cheap One Bedroom Palmetto Apartment?

The lowest price for a Cheap One Bedroom Palmetto Apartment is $750 at Eagle Run.

What is the lowest price for a Cheap Two Bedroom Palmetto Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palmetto is starting from $780 at Theater Street Apartments.

What is the most affordable Palmetto Three Bedroom Apartment?

The best deal on a cheap Palmetto Three Bedroom Apartment rental is at Eagle Run and starts from $1,020.

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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.