Cheap Apartments for Rent in Palo, IA from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palo.

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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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.

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2055 Blairs Ferry Rd NE
1 Bedroom Apartments

2055 Blairs Ferry Rd NE

2055 Blairs Ferry Rd NECedar Rapids, IA 52402
  • Utilities Included

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.

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233 Harnett St NW
1 to 2 Bedroom Apartments

233 Harnett St NW

233 Harnett St NWCedar Rapids, IA 52405
  • Utilities Included
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Valley High
1 to 2 Bedroom Apartments

Valley High

1715-1735 Edgewood RdCedar Rapids, IA 52405
  • Utilities Included
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Trail Ridge NE
2 Bedroom Apartments

Trail Ridge NE

1601-1611 Center Point Rd NECedar Rapids, IA 52402
  • Utilities Included

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.

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Palo, IA Local Guide

Cheapest Available Palo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palo, IA is a 1 Bed unit found at The Pointe at Cedar Rapids in the Kenwood Park neighborhood priced from $543. Cedar Ridge Apartments in the Usher's Ferry Historic Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $545. Here is today’s list of the most affordable Palo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$543
Cedar Ridge Apartments1 bedroom1BR,1BA$545
Shamrock ApartmentsShamrock small 1 bedroom1BR,1BA$555
Apache Park1 Bedroom1BR,1BA$595
Woodcrest Apartments1BR/1BA1BR,1BA$600
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$625
Oakview1-Bedroom1BR,1BA$675
3200-3201 G Ave NW1 BR / 1 BA W Office2BR,1BA$750
Urban Edge Apartments1 BR/ 1 BA1BR,1BA$750
Windsor on the RiverWND1x1A1BR,1BA$775

Best Value Apartments for Rent in Palo, IA and Nearby

As of July 30, 2025 the best value apartment in the Palo area is the $0.86 price per square foot 3 Bedroom Model at Overlook 380 in the in the Usher's Ferry Historic Village neighborhood starting from $1,030. The second greatest value Palo apartment is the 2x1 Model at St. Andrews Apartments starting at $906 with a $0.95 price per square foot in the Kenwood Park neighborhood. Here is today’s list of the best values for Palo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Overlook 3803 Bedroom3BR,2BA$0.86
St. Andrews Apartments2x12BR,1BA$0.95
Cambridge TownhomesTwo Bedroom, One Bath2BR,1BA$0.98
Raintree Apartments2 Bedroom2BR,1BA$0.98
Cedar Trail VillageTwo Bedroom ground with out patio2BR,1BA$1.00
Blair Ridge2bed/1bath patio2BR,1BA$1.03
Shamrock ApartmentsArrowridge small 2 bedroom2BR,1BA$1.05
3200-3201 G Ave NW1 BR / 1 BA W Office2BR,1BA$1.05
Apache Park1 Bedroom1BR,1BA$0.99
Cedar Ridge Apartments1 bedroom1BR,1BA$0.91

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

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Getting Around Palo, IA

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

24 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Palo Apartments

How much is rent for a Cheap One Bedroom Palo Apartment?

The lowest price for a Cheap One Bedroom Palo Apartment is $543 at The Pointe at Cedar Rapids.

What is the lowest price for a Cheap Two Bedroom Palo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palo is starting from $670 at The Pointe at Cedar Rapids.

What is the most affordable Palo Three Bedroom Apartment?

The best deal on a cheap Palo Three Bedroom Apartment rental is at Overlook 380 and starts from $1,030.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.