
Cheap Homes for Rent in Palmyra, IN from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Palmyra.


2228 Mayflower Manor

1002 E Main St

1107 Silverton Ct
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.

214 E 13th St

216 E 13th St

126 N Longworth Ave

343 N 42nd St

3411 Rudd Ave
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.

3814 Alford Ave

1824 E Spring St
Palmyra, IN Local Guide

How much does it cost to rent a home in Palmyra?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palmyra 2 Bedroom Homes for Rent | $1,218 | $850 | $2,000 |
Palmyra 3 Bedroom Homes for Rent | $1,374 | $999 | $2,045 |
Palmyra 4 Bedroom Homes for Rent | $1,659 | $1,245 | $2,200 |
Browse Top Homes for Rent in Palmyra
Explore Palmyra
Palmyra, IN Local Guide
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Cheapest Available Palmyra Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmyra, IN is a Studio unit found at Brookview Glen in the Downtown New Albany neighborhood priced from $378. 1743 Culbertson Ave in the Downtown New Albany neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Palmyra apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookview Glen | Studio | Studio,1BA | $378 |
1743 Culbertson Ave | 1 Beds, 1 Baths | 1BR,1BA | $750 |
Courtyard Apartments | 1.1B | 1BR,1BA | $778 |
Huntley Ridge New Albany | 1 Bedroom 1 Bathroom | 1BR,1BA | $814 |
High Park Apartments | 2 Bedroom | 2BR,1BA | $869 |
Best Value Apartments for Rent in Palmyra, IN and Nearby
As of June 24, 2025 the best value apartment in the Palmyra area is the $0.98 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Southern Indiana neighborhood starting from $1,465. The second greatest value Palmyra apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 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 | $0.98 |
Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
Glenview Apartments | 2 Bedroom W/D Hookups - 4 Plex | 2BR,1BA | $1.04 |
Stone Creek Apartments I & II | 2 Bed 1 Bath | 2BR,1BA | $0.95 |
Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $1.08 |
High Park Apartments | 2 Bedroom | 2BR,1BA | $1.00 |
Brookview Glen | Studio | Studio ,1BA | $0.95 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Palmyra
What type of rentals are currently available in Palmyra?
There are currently 45 Apartments for Rent in Palmyra, IN with pricing that ranges from $378 to $2,045. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmyra ranging from $700 to $2,200.
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 $700 to $2,200 with an average monthly rent of $1,274.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.