
Cheap Apartments for Rent in Palmyra, TN from $700 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


105 Walnut Street

Clarksville Heights

Riverwalk 803

Parkway Place Apartments

The Penn Warren

Cumberland Ridge

Retreat at Concord

Fox Creek
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.

Northwoods Apartments

Regency Square Apartments

310 Rowand Ct

Crossland Place

The Villas at Walnut

The Residences at 1671 Campbell

APT E

The Villages at Peachers Mill

Hunter Chase
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.

The Bluffs over Cumberland

Gracey Court &The Phoenix

Amberjack Court Townhomes

229 E. Johnson Circle

The Madison at 12th

Total Monthly Price
Peachers Point

Montgomery Commons

The Landings at Riverside

Pinebrook Townhomes
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.

1032 Glenkirk Dr

Avondale Park

The Flats Off Madison

Grayson

The Flats at Lancaster

The Lofts of Clarksville

Post Edge

Easton Village

Old Towne Commons
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.

248 Caldwell Ln

1436 McCan Dr

145 Darlene Dr

Cumberland Commons

638 R S Bradley Blvd

938 Cumberland Dr

1655 Evans Rd

1115 Hillwood Dr

3251 Tower Dr
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.

921 Kingsbury Dr
Palmyra, TN Local Guide

How much does it cost to rent an apartment in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra Studio Apartments | $804 | $799 | $1,145 |
| Palmyra 1 Bedroom Apartments | $1,121 | $750 | $1,684 |
| Palmyra 2 Bedroom Apartments | $1,273 | $785 | $1,898 |
| Palmyra 3 Bedroom Apartments | $1,379 | $735 | $1,799 |
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Palmyra, TN Local Guide
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Cheapest Available Palmyra Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmyra, TN is a 3 Beds unit found at MAIN608 in the Downtown Clarksville neighborhood priced from $735. 105 Walnut Street 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 |
|---|---|---|---|
| MAIN608 | C1 | 3BR,3BA | $735 |
| 105 Walnut Street | 1BR/1.0BA | 1BR,1BA | $750 |
| Clarksville Heights | 1 bedroom 1 bath | 1BR,1BA | $787 |
| Riverwalk 803 | Studio | Studio,1BA | $799 |
| Parkway Place Apartments | 2Bed-1Bath | 2BR,1BA | $850 |
| Retreat at Concord | Garden | 2BR,1BA | $895 |
| Northwoods Apartments | 2 Bedroom | 2BR,1BA | $899 |
| Regency Square Apartments | L98 | 1BR,1BA | $920 |
| Crossland Place | 2 Bedroom | 2BR,2BA | $925 |
| The Villas at Walnut | 1 Bedroom, 1 Bath | 1BR,1BA | $929 |
Best Value Apartments for Rent in Palmyra, TN and Nearby
As of June 14, 2026 the best value apartment in the Palmyra area is the $1.04 price per square foot The Dunbar Model at Cumberland Ridge in the in the Downtown Clarksville neighborhood starting from $1,470. The second greatest value Palmyra apartment is the 3 Bedroom 2 Bath Model at Montgomery Commons starting at $1,260 with a $0.93 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. |
|---|---|---|---|
| Cumberland Ridge | The Dunbar | 3BR,2BA | $1.04 |
| Montgomery Commons | 3 Bedroom 2 Bath | 3BR,2BA | $0.93 |
| 767 Monroe St | Unit A | 3BR,1.5BA | $1.06 |
| 1032 Glenkirk Dr | 2 Beds, 2.5 baths | 2BR,2.5BA | $1.00 |
| Easton Village | Easton Village - With Storage | 2BR,2.5BA | $1.09 |
| Post Edge | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.10 |
| Crossland Place | 2 Bedroom | 2BR,2BA | $0.89 |
| University Landing | 2x2 | 2BR,2BA | $0.82 |
| Northwoods Apartments | 2 Bedroom | 2BR,1BA | $1.04 |
| 105 Walnut Street | 1BR/1.0BA | 1BR,1BA | $1.02 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palmyra, TN Rentals by Map
See the most popular apartments and homes in Palmyra, TN
Frequently Asked Questions about Cheap Palmyra Apartments
What is the Cheapest Studio apartment in Palmyra?
Currently the most affordable Cheap Studio Apartment in Palmyra is at Riverwalk 803 listed at $799.
How much is rent for a Cheap One Bedroom Palmyra Apartment?
The lowest price for a Cheap One Bedroom Palmyra Apartment is $750 at 105 Walnut Street.
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 $795 at MAIN608.
What is the most affordable Palmyra Three Bedroom Apartment?
The best deal on a cheap Palmyra Three Bedroom Apartment rental is at MAIN608 and starts from $735.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.