
Cheap Apartments for Rent in Palmyra, VA from $600 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


1117 Rising Sun Rd

367 Jefferson Dr

Monticello Vista Apartments

Kindlewood

Timberlake Place Apartments

Total Monthly Price
5th Street Place

Carlton Views
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.

Treesdale

Tarleton Square

Hearthwood

The Coves at Monticello

Total Monthly Price
University Heights

Hickory Hope Apartments

Jouett Square Townhomes

Wertland Square
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.

Locust Grove

Wilton Farm Apartments

Total Monthly Price
Cobalt Ridge

The Hudson

Villas at Southern Ridge

Stonegate

Brookdale Apartments

Cardinal Court
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.

Total Monthly Price
Jefferson Ridge

Total Monthly Price
Rio Point

Beacon on 5th

Total Monthly Price
Jefferson Commons

Culbreth Court Apartments

1000 Linden Ave

Altamont Circle Apartments

1002 Linden 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.

Forest Street Apartments

260 Riverbend Dr

Belmont Heights Apartments

The Meriwether

5065 Mary Jackson Ct

4627 Stage Junction Rd

The Independence

1201 Druid Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1403 Burgess Ln

418 Riverside Ave

5277 River Rd W
Palmyra, VA Local Guide

How much does it cost to rent an apartment in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra Studio Apartments | $1,569 | $630 | $1,966 |
| Palmyra 1 Bedroom Apartments | $2,042 | $920 | $2,955 |
| Palmyra 2 Bedroom Apartments | $2,137 | $760 | $3,895 |
| Palmyra 3 Bedroom Apartments | $2,355 | $813 | $3,434 |
| Palmyra 4 Bedroom Apartments | $2,020 | $1,300 | $4,405 |
Browse Top Apartments in Palmyra
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Palmyra, VA Local Guide
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Cheapest Available Palmyra Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmyra, VA is a 1 Bed unit found at Kindlewood in the Ridge Street neighborhood priced from $744. Grandmarc at the Corner in the 10th and Page neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here is today’s list of the most affordable Palmyra apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kindlewood | 1BR | 1BR,1BA | $744 |
| Grandmarc at the Corner | 2Dx2S - Double w/ Shared Bath | 2BR,2BA | $895 |
| Timberlake Place Apartments | 1 Bedroom | 1BR,1BA | $983 |
| Carlton Views | Phase III - 1 Bedroom 1 Bath A50 (Type 1) | 1BR,1BA | $1,095 |
| Treesdale | The Rivanna - HC | 3BR,2BA | $1,150 |
| Tarleton Square | 1x1 | 1BR,1BA | $1,219 |
| Hearthwood | Studio | Studio,1BA | $1,236 |
| The Coves at Monticello | The Grove | 2BR,2BA | $1,245 |
| Hickory Hope Apartments | 1 Bedroom - Phase B | 1BR,1BA | $1,294 |
| Locust Grove | Unique 1 Bedroom | 1BR,1BA | $1,325 |
Best Value Apartments for Rent in Palmyra, VA and Nearby
As of May 05, 2026 the best value apartment in the Palmyra area is the $1.47 price per square foot The Knoll Model at The Coves at Monticello in the starting from $1,859. The second greatest value Palmyra apartment is the Ledgestone Model at Stonegate starting at $1,905 with a $1.65 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. |
|---|---|---|---|
| The Coves at Monticello | The Knoll | 3BR,2BA | $1.47 |
| Stonegate | Ledgestone | 2BR,2BA | $1.65 |
| Jefferson Ridge | 1 Bed/1 Bath w/ Den (1st floor) - Fully Upgraded | 1BR,1BA | $1.79 |
| Treesdale | The Ivy | 2BR,2BA | $1.19 |
| Brookdale Apartments | 2br/bd | 2BR,2BA | $1.58 |
| Cardinal Court | 2 Bedroom | 2BR,1BA | $1.60 |
| Villas at Southern Ridge | The Ivy | 2BR,2BA | $1.66 |
| Wilton Farm Apartments | Model 2A | 2BR,1BA | $1.63 |
| Timberlake Place Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Kindlewood | 1BR | 1BR,1BA | $1.13 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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, VA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palmyra, VA Rentals by Map
See the most popular apartments and homes in Palmyra, VA
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 Hearthwood listed at $1,236.
How much is rent for a Cheap One Bedroom Palmyra Apartment?
The lowest price for a Cheap One Bedroom Palmyra Apartment is $744 at Kindlewood.
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 $882 at Kindlewood.
What is the most affordable Palmyra Three Bedroom Apartment?
The best deal on a cheap Palmyra Three Bedroom Apartment rental is at Treesdale and starts from $1,150.
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.