200 Carroll St
PawneeIL62558
Cheap Homes for Rent in Palmyra, IL from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Palmyra.
205 North St
RaymondIL62560
616 New St
SpringfieldIL62704
417 E Cook St
SpringfieldIL62703
619 S 5th St
SpringfieldIL62703
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.
205 N North St
RaymondIL62560
1727 E Morgan Ave
SpringfieldIL62703
211 W County Rd
JerseyvilleIL62052
1304 S Walnut St
SpringfieldIL62704
928 Sumner St
CarlinvilleIL62626
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.
524 Chiles St
CarlinvilleIL62626
Showing Results 1-11, Page 1 of 1
Palmyra, IL Local Guide
Illinois railroad tracks by H. Michael Miley is licensed under CC BY 2.0
How much does it cost to rent a home in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra 2 Bedroom Homes for Rent | $1,234 | $650 | $2,600 |
| Palmyra 3 Bedroom Homes for Rent | $1,487 | $900 | $2,800 |
| Palmyra 4 Bedroom Homes for Rent | $2,600 | $1,400 | $4,000 |
Browse Top Homes for Rent in Palmyra
Explore Palmyra
Palmyra, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Palmyra Apartments for Rent and Nearby
The cheapest available apartment rental in Palmyra, IL is a 1 Bed unit found at Jacksonville Affordable Housing priced from $485. Lotts Landing Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Palmyra apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $485 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $560 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| Safe Harbor Properties | Studio | Studio,1BA | $730 |
| The Meadows on Durkin | 1bd | 1BR,1BA | $750 |
Best Value Apartments for Rent in Palmyra, IL and Nearby
As of May 03, 2026 the best value apartment in the Palmyra area is the $1.21 price per square foot 3 Bedroom 2 Bath Model at Orchard Park in the starting from $1,515. The second greatest value Palmyra apartment is the B1 Model at Candles starting at $1,087 with a $1.13 price per square foot . Here is today’s list of the best values for Palmyra apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Orchard Park | 3 Bedroom 2 Bath | 3BR,3BA | $1.21 |
| Candles | B1 | 2BR,1.5BA | $1.13 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| The Meadows on Durkin | 2bd | 2BR,1BA | $1.00 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $1.03 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Safe Harbor Properties | 1st Floor Level | 1BR,1BA | $1.21 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.88 |
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 Article
10 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.
Let everyone know!
Do you know the Palmyra area?
If you’re an expert on all things Palmyra, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palmyra, IL Rentals by Map
See the most popular apartments and homes in Palmyra, IL
Frequently Asked Questions about Palmyra
What type of rentals are currently available in Palmyra?
There are currently 40 Apartments for Rent in Palmyra, IL with pricing that ranges from $347 to $3,400. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmyra ranging from $650 to $4,000.
What is the current price range for Rental Homes in Palmyra?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmyra ranges from $650 to $4,000 with an average monthly rent of $1,538.
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.