Cheap Apartments for Rent in Palo, IA from $500 (32 Rentals)

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

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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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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Cedar Ridge Apartments
1 to 2 Bedroom Apartments

Cedar Ridge Apartments

2047 Blairs Ferry Rd NECedar Rapids, IA 52402
  • Utilities Included
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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
  • 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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3200-3201 G Ave NW
2 Bedroom Apartments

3200-3201 G Ave NW

3200-3201 G Ave NWCedar Rapids, IA 52402
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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

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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Showing Results 1-32, 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. Apache Park in the Young's Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. 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
Apache Park1 Bedroom1BR,1BA$595
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$640
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$665
Robinwood Apartments1BR/1.0BA1BR,1BA$725
Oakview1-Bedroom1BR,1BA$745
The Malory Apartments1BR/1.0BA1BR,1BA$765
Cedar Trail VillageTwo Bedroom ground with out patio2BR,1BA$900
1310-1320 Wenig Rd NE2 Beds, 2 baths2BR,2BA$925
Cambridge TownhomesTwo Bedroom, One Bath2BR,1BA$945

Best Value Apartments for Rent in Palo, IA and Nearby

As of March 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 Two Bedroom, One Bath Model at Cambridge Townhomes starting at $945 with a $1.04 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
Cambridge TownhomesTwo Bedroom, One Bath2BR,1BA$1.04
Westgate ApartmentsTwo Bedroom2BR,1BA$1.08
Cedar Trail VillageTwo Bedroom ground with out patio2BR,1BA$1.03
Blair Ridge2 Bed / 1 Bath - LVP Flooring2BR,1BA$1.12
Shamrock ApartmentsArrowridge small 2 bedroom2BR,1BA$1.06
The Malory Apartments1BR/1.0BA1BR,1BA$1.11
Apache Park1 Bedroom1BR,1BA$0.99
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$1.10
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$1.29

10 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.

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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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The 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.

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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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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 $715 at Apache Park.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.