Cheap Homes for Rent in Palo, IA from $500 (13 Rentals)

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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.

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.

property at 124 10th St SW

124 10th St SW

Cedar RapidsIA52404

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 Young's Hill neighborhood priced from $555. 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$555
Apache Park1 Bedroom1BR,1BA$595
Woodcrest Apartments1BR/1BA1BR,1BA$600
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$625
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$643

Best Value Apartments for Rent in Palo, IA and Nearby

As of May 23, 2025 the best value apartment in the Palo area is the $0.96 price per square foot The Heron Model at Pheasant Run Apartments in the in the Usher's Ferry Historic Village neighborhood starting from $965. 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.
Pheasant Run ApartmentsThe Heron2BR,2BA$0.96
St. Andrews Apartments2x12BR,1BA$0.95
Cypress Pointe2 Beds 1 Bath2BR,1BA$1.03
Cambridge TownhomesTwo Bedroom, One Bath2BR,1BA$0.96
Crestwood Ridge Apartments2 Beds, 2 baths2BR,2BA$0.76
Raintree Apartments2 Bedroom2BR,1BA$0.98
Cedar Trail VillageTwo Bedroom with Balcony/Patio2BR,1BA$1.02
Blair Ridge2 Beds 1 Bath2BR,1BA$1.03
Northview Apartments2BR/1.5BA2BR,1.5BA$1.04
Apache Park1 Bedroom1BR,1BA$0.99

Quick Rent Budget Calculator

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Frequently Asked Questions about Palo

What type of rentals are currently available in Palo?

There are currently 40 Apartments for Rent in Palo, IA with pricing that ranges from $555 to $97,500. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palo ranging from $500 to $1,995.

What is the current price range for Rental Homes in Palo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palo ranges from $500 to $1,995 with an average monthly rent of $1,037.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.