
Cheap Apartments for Rent in Palmyra, MO from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


647 Ohio St

429 N 8th St

Total Monthly Price
936 Madison St, Unit Upper, Unit Upper

2023 Broadway St

Total Monthly Price
514 N 12th St, Unit 514 N 12th street Quincy Illinois 62301, Unit 514 N 12th street Quincy Illinois 62301
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.

Ridgebrook Apartments

Total Monthly Price
1616 N 2nd St, Unit 1B, Unit 1B

Total Monthly Price
10 Suncrest Ter, Unit 3, Unit 3

312 S 12th St

1500 N Carolina St

Monroe City Senior Housing 62+
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.

19 N 7th St

Total Monthly Price
835 Kentucky St

725 E Monroe St

Keokuk Family Flats

119 N St Charles St

922 N 10th St
Cash 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.
Palmyra, MO Local Guide

How much does it cost to rent an apartment in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra 1 Bedroom Apartments | $998 | $575 | $1,850 |
| Palmyra 2 Bedroom Apartments | $1,625 | $850 | $4,500 |
| Palmyra 3 Bedroom Apartments | $2,120 | $800 | $4,900 |
| Palmyra 4 Bedroom Apartments | $5,600 | $5,600 | $5,600 |
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Palmyra, MO Local Guide
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Cheapest Available Palmyra Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmyra, MO is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $300. Monroe City Senior Housing 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Palmyra apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Creek Crossing Apartments | 2 Bed 2 Bath | 2BR,2BA | $300 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR,1BA | $875 |
| View 21 | 1 bed 1 bath | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Palmyra, MO and Nearby
As of May 07, 2026 the best value apartment in the Palmyra area is the $1.25 price per square foot 336 S 16th St Model at 336 S 16th St, Unit 334 in the starting from $2,000. The second greatest value Palmyra apartment is the 514 N 12th St Model at 514 N 12th St, Unit 514 N 12th street Quincy Illinois 62301 starting at $750 with a $0.63 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. |
|---|---|---|---|
| 336 S 16th St, Unit 334 | 336 S 16th St | 3BR,1.5BA | $1.25 |
| 514 N 12th St, Unit 514 N 12th street Quincy Illinois 62301 | 514 N 12th St | 1BR,1BA | $0.63 |
| Cedar Creek Crossing Apartments | 3 Bed 2 Bath | 3BR,2BA | $0.30 |
| View 21 | 2 bed 1 bath | 2BR,1BA | $2.00 |
| 936 Madison St, Unit Upper | 936 Madison St | 1BR,1BA | $0.63 |
| 10 Suncrest Ter, Unit 3 | 10 Suncrest Ter | 3BR,1BA | $1.00 |
| 130 N 5th St, Unit 1 | 130 N 5th St | 1BR,1BA | $2.47 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR,1BA | $1.46 |
| 835 Kentucky St | 835 Kentucky St | 1BR,1BA | $1.66 |
| 1616 N 2nd St, Unit 1B | 1616 N 2nd St | 1BR,1BA | $2.29 |
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 ArticleReal 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.
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.
Best Local Schools in Palmyra, MO
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $875 at Monroe City Senior Housing 62+.
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 $300 at Cedar Creek Crossing Apartments.
What is the most affordable Palmyra Three Bedroom Apartment?
The best deal on a cheap Palmyra Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $340.
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.