
Cheap Homes for Rent near Palo, IA from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Palo.


1228 O Ave Pl NE

3290 8th St
Rent According to Income: A Look at Income-Restricted Rentals
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310 8th Ave

307 Velvas St

1340 L Ave NE
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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1237 Lincoln Dr
Palo, IA Local Guide

How much does it cost to rent a home in Palo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palo 2 Bedroom Homes for Rent | $1,598 | $825 | $2,250 |
| Palo 3 Bedroom Homes for Rent | $2,044 | $1,500 | $2,450 |
| Palo 4 Bedroom Homes for Rent | $2,650 | $2,000 | $3,100 |
| Palo 5 Bedroom Homes for Rent | $2,347 | $2,100 | $2,595 |
Browse Top Homes for Rent in Palo
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Palo, IA Local Guide
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Cheapest Available Palo Apartments for Rent and Nearby
 The cheapest available apartment rental in Palo, IA is a 1 Bed unit found at Camelot Apartments in the Usher's Ferry Historic Village neighborhood priced from $655. The Pointe at Cedar Rapids in the Kenwood Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $665. Here is today’s list of the most affordable Palo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Camelot Apartments | One Bedroom | 1BR,1BA | $655 |
| The Pointe at Cedar Rapids | Stonewood 1 bedroom | 1BR,1BA | $665 |
| Northview Apartments | 1BR/1.0BA | 1BR,1BA | $755 |
Best Value Apartments for Rent in Palo, IA and Nearby
As of July 28, 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 2x1 Model at 2535 Ellis View Ct NW starting at $995 with a $1.03 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar River Bluffs Apartments | 2 Bedroom / 2 Bathroom | 2BR,2BA | $1.28 |
| 2535 Ellis View Ct NW | 2x1 | 2BR,1BA | $1.03 |
| Cedar Trail Village | Two Bedroom ground with out patio | 2BR,1BA | $1.17 |
| The Malory Apartments | 2BR/1.0BA | 2BR,1BA | $1.04 |
| Windsor on the River | WND1x1I | 1BR,1BA | $1.16 |
| Northview Apartments | 1BR/1.0BA | 1BR,1BA | $1.21 |
| The Pointe at Cedar Rapids | Stonewood 1 bedroom | 1BR,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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Palo
What type of rentals are currently available in Palo?
There are currently 49 Apartments for Rent in Palo, IA with pricing that ranges from $560 to $1,945. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palo ranging from $700 to $3,100.
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 $700 to $3,100 with an average monthly rent of $1,796.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.

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.