
Cheap Apartments for Rent in Palmyra, IN from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


Brookview Glen

Courtyard Apartments

Knobs Pointe Apartments

Stone Creek Apartments I & II
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.

301 N 41st St

1743 Culbertson Ave

1107 Silverton Ct

4018 Vermont Ave
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.

1919 Center St
Palmyra, IN Local Guide

How much does it cost to rent an apartment in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra Studio Apartments | $944 | $699 | $1,050 |
| Palmyra 1 Bedroom Apartments | $1,012 | $200 | $1,630 |
| Palmyra 2 Bedroom Apartments | $1,225 | $839 | $1,572 |
| Palmyra 3 Bedroom Apartments | $1,486 | $1,218 | $1,950 |
Browse Top Apartments in Palmyra
See all Apartments in PalmyraExplore Palmyra
Palmyra, IN 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, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. 1743 Culbertson Ave in the Downtown New Albany neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $697. Here is today’s list of the most affordable Palmyra apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| 1743 Culbertson Ave | 1 Beds, 1 Baths | 1BR,1BA | $697 |
| Stone Creek Apartments I & II | 1 Bed 1 Bath | 1BR,1BA | $775 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $778 |
| Brookview Glen | One Bedroom | 1BR,1BA | $799 |
Best Value Apartments for Rent in Palmyra, IN and Nearby
As of December 13, 2025 the best value apartment in the Palmyra area is the $0.91 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Southern Indiana neighborhood starting from $1,365. The second greatest value Palmyra apartment is the Two Bed Model at Plum Ridge Apartments starting at $1,200 with a $1.05 price per square foot in the Southern Indiana neighborhood. 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. |
|---|---|---|---|
| Lochwood Apartments | 2BR/2.0BA | 2BR,2BA | $0.91 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Academy Park Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $1.12 |
| High Peaks | 2 bedroom | 2BR,1BA | $0.98 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $0.94 |
| Stone Creek Apartments I & II | 1 Bed 1 Bath | 1BR,1BA | $1.11 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $1.13 |
| Brookview Glen | One Bedroom | 1BR,1BA | $1.17 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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 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 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 Palmyra, IN Rentals by Map
See the most popular apartments and homes in Palmyra, IN
Getting Around Palmyra, IN
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
20 / 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 Palmyra Apartments
How much is rent for a Cheap One Bedroom Palmyra Apartment?
The lowest price for a Cheap One Bedroom Palmyra Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.
What is the lowest price for a Cheap Two Bedroom Palmyra Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palmyra is starting from $845 at Courtyard Apartments.
What is the most affordable Palmyra Three Bedroom Apartment?
The best deal on a cheap Palmyra Three Bedroom Apartment rental is at Courtyard Apartments and starts from $1,307.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.


