Cheap Apartments for Rent near Palo, IA from $560 (43 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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Cedar Ridge Apartments
1 to 2 Bedroom Apartments

Cedar Ridge Apartments

2047 Blairs Ferry Rd NECedar Rapids, IA 52402
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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
Corporate Housing
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Valley High
1 to 2 Bedroom Apartments

Valley High

1715-1735 Edgewood RdCedar Rapids, IA 52405
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233 Harnett St NW
Studio to 2 Bedroom Apartments

233 Harnett St NW

233 Harnett St NWCedar Rapids, IA 52405
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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.

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Urban Edge Apartments
1 to 2 Bedroom Apartments

Urban Edge Apartments

401 Canton St NWShellsburg, IA 52332
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Trail Ridge NE
2 Bedroom Apartments

Trail Ridge NE

1601-1611 Center Point Rd NECedar Rapids, IA 52402
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117-129 Harbet Ave NW
2 Bedroom Apartments

117-129 Harbet Ave NW

117-129 Harbet Ave NWCedar Rapids, IA 52405
  • Utilities Included

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.

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Blair Ridge
2 Bedroom Apartments

Blair Ridge

3424 Hemlock Dr NECedar Rapids, IA 52402
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2535 Ellis View Ct NW
Studio to 2 Bedroom Apartments

2535 Ellis View Ct NW

2535 Ellis View Ct NWCedar Rapids, IA 52405
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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 Shamrock Apartments in the Usher's Ferry Historic Village neighborhood priced from $560. Camelot Apartments in the Usher's Ferry Historic Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $685. Here is today’s list of the most affordable Palo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shamrock ApartmentsShamrock small 1 bedroom1BR, 1BA$560
Camelot ApartmentsOne Bedroom1BR, 1BA$685
The Pointe at Cedar RapidsStonewood 1 bedroom1BR, 1BA$765
Forest Ridge Apartments1 Bedroom 1 Bath1BR, 1BA$785
Oakview1-Bedroom1BR, 1BA$850
3200-3201 G Ave NW2 BR/ 1 BA2BR, 1BA$880
Northview Apartments2BR/1.5BA2BR, 1BA$925
Blair Ridge2 Bed / 1 Bath - 2nd Floor2BR, 1BA$975
Cambridge TownhomesTwo Bedroom, One Bath2BR, 1BA$995
Apache Park2 Bedroom2BR, 1BA$995

Best Value Apartments for Rent in Palo, IA and Nearby

As of September 19, 2026 the best value apartment in the Palo area is the $1.00 price per square foot 3 beds Model at 1724 Texas Ave NE in the Usher's Ferry Historic Village neighborhood starting from $1,195. The second greatest value Palo apartment is the Two Bedroom, One Bath Model at Cambridge Townhomes in the Usher's Ferry Historic Village neighborhood starting at $995 with a $1.09 price per square foot. 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.
1724 Texas Ave NE3 beds3BR, 1BA$1.00
Cambridge TownhomesTwo Bedroom, One Bath2BR, 1BA$1.09
Westgate ApartmentsTwo Bedroom2BR, 1BA$1.22
Cedar Trail VillageTwo Bedroom ground with out patio2BR, 1BA$1.17
Blair Ridge2 Bed / 1 Bath - 2nd Floor2BR, 1BA$1.12
Northview Apartments2BR/1.5BA2BR, 1.5BA$1.11
Shamrock ApartmentsShamrock small 2 bedroom2BR, 1BA$1.06
Forest Ridge Apartments1 Bedroom 1 Bath1BR, 1BA$1.09
3200-3201 G Ave NW2 BR/ 1 BA2BR, 1BA$1.24
Camelot ApartmentsOne Bedroom1BR, 1BA$1.05

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.

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Navigating 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.

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Real 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.

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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.

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

Explore Palo, IA Rentals by Map

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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 $560 at Shamrock Apartments.

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 $735 at Camelot Apartments.

What is the most affordable Palo Three Bedroom Apartment?

The best deal on a cheap Palo Three Bedroom Apartment rental is at 1724 Texas Ave NE and starts from $1,195.

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

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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.

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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.

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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.

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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.