Cheap Apartments for Rent near Palmetto, LA from $509 (56 Rentals)

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

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.

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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.

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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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.

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Vermilion Lofts
Studio to 2 Bedroom Apartments

Vermilion Lofts

436 E Vermilion StLafayette, LA 70501
Student Housing
  • Utilities Included
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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
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Cheyenne Heights
2 Bedroom Apartments

Cheyenne Heights

100 Cheyenne DrScott, LA 70583
Student Housing

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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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 River Oaks Apartments in the Central Lafayette Parish neighborhood priced from $745. Chateau Lafayette Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Palmetto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Oaks Apartments1 Bedroom|1 Bath1BR, 1BA$745
Chateau Lafayette Apartments2 Bed 2 Bath I2BR, 2BA$750
Acadian Crossing / Utilities IncludedAcadian - StudioStudio, 1BA$750
Lila PlaceLPA11BR, 1BA$757
City Heights Steeplechase1x11BR, 1BA$780
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR, 1BA$797
Landfair Complex2/12BR, 1BA$800
Eagle Run1BR Floor Plan1BR, 1BA$805
BasswoodLarge 1x1 Main Level Classic1BR, 1BA$825
Silver Creek ApartmentsOne Bed One Bath1BR, 1BA$825

Best Value Apartments for Rent in Palmetto, LA and Nearby

As of September 28, 2026 the best value apartment in the Palmetto area is the $0.55 price per square foot 2 Beds, 2 baths Model at Beau Maison Estates in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Palmetto apartment is the Vermillion Model at Cottage Landing in the Central Lafayette Parish neighborhood starting at $800 with a $0.51 price per square foot. 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.
Beau Maison Estates2 Beds, 2 baths2BR, 2BA$0.55
Cottage LandingVermillion3BR, 3BA$0.51
Brooke Pointe2 Bedroom2BR, 2BA$0.92
Peaks of Opelousas - Senior Housing CommunityTwo Bedroom2BR, 1BA$0.79
The QuartersB3 Floor Plan (Dauphine)2BR, 2BA$0.88
Landfair Complex2/12BR, 1BA$0.92
Theater Street ApartmentsB2UF Floor Plan2BR, 2BA$0.86
Mimosa Place Apartments2 Bedroom2BR, 1BA$1.04
Chateau Lafayette Apartments2 Bed 2 Bath I2BR, 2BA$1.00
River Oaks Apartments1 Bedroom|1 Bath1BR, 1BA$1.03

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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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Frequently Asked Questions about Cheap Palmetto Apartments

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

The lowest price for a Cheap One Bedroom Palmetto Apartment is $745 at River Oaks Apartments.

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 $750 at Chateau Lafayette Apartments.

What is the most affordable Palmetto Three Bedroom Apartment?

The best deal on a cheap Palmetto Three Bedroom Apartment rental is at Beau Maison Estates and starts from $1,000.

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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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.