Cheap Apartments for Rent in Palo, IA from $500 (48 Rentals)

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

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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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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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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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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Urban Edge Apartments
1 to 2 Bedroom Apartments

Urban Edge Apartments

401 Canton St NWShellsburg, IA 52332
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3200-3201 G Ave NW
2 Bedroom Apartments

3200-3201 G Ave NW

3200-3201 G Ave NWCedar Rapids, IA 52402
  • Utilities Included

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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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
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The Avenue
1 to 2 Bedroom Apartments

The Avenue

5200 16th AveCedar Rapids, IA 52404
  • Utilities Included

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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Showing Results 1-48, Page 1 of 1

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 $655. 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$655
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$665
Robinwood Apartments1BR/1.0BA1BR,1BA$735
Northview Apartments1BR/1.0BA1BR,1BA$740
Oakview1-Bedroom1BR,1BA$775
The Malory Apartments2BR/1.0BA2BR,1BA$840
1310-1320 Wenig Rd NE2 Beds, 2 baths2BR,2BA$925
Apache Park3 Bedroom3BR,1BA$995
2535 Ellis View Ct NW2x12BR,1BA$995

Best Value Apartments for Rent in Palo, IA and Nearby

As of June 19, 2026 the best value apartment in the Palo area is the $1.28 price per square foot 2 Bedroom / 2 Bathroom Model at Cedar River Bluffs Apartments in the in the Usher's Ferry Historic Village neighborhood starting from $1,525. The second greatest value Palo apartment is the Terrace Model at The Avenue starting at $1,278 with a $1.22 price per square foot in the Usher's Ferry Historic Village 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.
Cedar River Bluffs Apartments2 Bedroom / 2 Bathroom2BR,2BA$1.28
The AvenueTerrace2BR,2BA$1.22
2535 Ellis View Ct NW2x12BR,1BA$1.03
Cedar Trail VillageTwo Bedroom ground with out patio2BR,1BA$1.17
The Malory Apartments2BR/1.0BA2BR,1BA$0.99
Shamrock ApartmentsArrowridge small 2 bedroom2BR,1BA$1.06
Stone Ridge Apartments & Townhomes1br, 1ba1BR,1BA$1.79
Northview Apartments1BR/1.0BA1BR,1BA$1.18
Robinwood Apartments1BR/1.0BA1BR,1BA$1.34
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$1.29

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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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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Quick 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.

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

Explore Palo, IA Rentals by Map

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See the most popular apartments and homes in Palo, IA

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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 Apache Park and starts from $995.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.