Cheap Homes for Rent in Palmyra, IN from $600 (8 Rentals)

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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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Palmyra, IN Local Guide

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. Knobs Pointe Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here is today’s list of the most affordable Palmyra apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Knobs Pointe Apartments1 Bedroom 1 Bath B1BR,1BA$720
Stone Creek Apartments I & II1 Bed 1 Bath1BR,1BA$775

Best Value Apartments for Rent in Palmyra, IN and Nearby

As of October 23, 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 $1,150 with a $1.01 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lochwood Apartments2BR/2.0BA2BR,2BA$0.91
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.01
Sheffield SquareTwo Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.08
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$0.94
Plaza Square Apartments2x12BR,1BA$1.00
High Peaks2 bedroom2BR,1BA$0.98
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$0.94
Courtyard Apartments2.1B2BR,1BA$1.09
Knobs Pointe Apartments1 Bedroom 1 Bath B1BR,1BA$0.85
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

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Frequently Asked Questions about Palmyra

What type of rentals are currently available in Palmyra?

There are currently 49 Apartments for Rent in Palmyra, IN with pricing that ranges from $200 to $1,950. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmyra ranging from $699 to $2,500.

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 $699 to $2,500 with an average monthly rent of $1,276.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.