
Cheap Apartments for Rent near Palmyra, MO from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


429 N 8th St

716 Ohio St, Unit 4

Total Monthly Price
114 S Capitol Ave, Unit Apartment B

1420 Vermont St

725 E Monroe St
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932-934-934 Kentucky St

Ridgebrook Apartments

210 E Washington St

616 N 13th St

1616 N 2nd St

500 Wendell St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Forest Village Apartments

Total Monthly Price
516 S 12th St, Unit 516 12

1500 N Carolina St

Monroe City Senior Housing 62+

Keokuk Family Flats

210 E Bland St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

608 Macfarlane St

1000 Lakewood Dr
Palmyra, MO Local Guide

How much does it cost to rent an apartment in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra Studio Apartments | $662 | $600 | $725 |
| Palmyra 1 Bedroom Apartments | $866 | $500 | $1,550 |
| Palmyra 2 Bedroom Apartments | $1,557 | $650 | $4,500 |
| Palmyra 3 Bedroom Apartments | $1,777 | $895 | $2,600 |
| 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 Forest Village Apartments priced from $825. 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 |
|---|---|---|---|
| Forest Village Apartments | 2 Bedroom | 2BR, 1BA | $825 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR, 1BA | $875 |
| Emerson Garden Apartments | Apt 101 S | 3BR, 2BA | $1,750 |
| View 21 | 2 bed 2 bath | 2BR, 2BA | $2,100 |
Best Value Apartments for Rent in Palmyra, MO and Nearby
As of September 20, 2026 the best value apartment in the Palmyra area is the $1.35 price per square foot Apt 101 S Model at Emerson Garden Apartments starting from $1,750. The second greatest value Palmyra apartment is the 2 bed 1 bath Model at View 21 starting at $2,100 with a $2.00 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. |
|---|---|---|---|
| Emerson Garden Apartments | Apt 101 S | 3BR, 2BA | $1.35 |
| View 21 | 2 bed 1 bath | 2BR, 1BA | $2.00 |
| 2001 Ohio St, Unit 2001 1/2 | 2001 Ohio St | 2BR, 1BA | $0.98 |
| Forest Village Apartments | 2 Bedroom | 2BR, 1BA | $1.00 |
| 200 Jaycee Dr, Unit 214 | 200 Jaycee Dr | 1BR, 1BA | $2.09 |
| 516 S 12th St, Unit 516 12 | 516 S 12th St | 1BR, 1BA | $1.21 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR, 1BA | $1.46 |
| 114 S Capitol Ave, Unit Apartment B | 114 S Capitol Ave | 1BR, 1BA | $1.20 |
| 716 Ohio St, Unit 4 | 716 Ohio St | Studio, 1BA | $1.20 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Palmyra, MO
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 $825 at Forest Village Apartments.
What is the most affordable Palmyra Three Bedroom Apartment?
The best deal on a cheap Palmyra Three Bedroom Apartment rental is at Forest Village Apartments and starts from $895.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.