
Cheap Homes for Rent in Palo, IA from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Palo.


420 Water St

325 Clymer Rd

1207 O Ave Pl NE
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.

1209 O Ave Pl NE

1224 O Ave Pl NE

940 Eisenhower Rd

900 Terry Ave

5016 1st Ave NW

110 Harbet Ave NW

6430 Creekside Dr NE

920 F Ave NW

6601 Creekside Dr NE

1547 32nd St NE
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.
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 | $974 | $715 | $1,700 |
Palo 3 Bedroom Homes for Rent | $1,483 | $1,300 | $1,994 |
Palo 4 Bedroom Homes for Rent | $2,413 | $1,600 | $3,995 |
Palo 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Palo
Explore Palo
Palo, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Palo Apartments for Rent and Nearby
 The cheapest available apartment rental in Palo, IA is a 1 Bed unit found at The Pointe at Cedar Rapids in the Kenwood Park neighborhood priced from $543. Cedar Ridge Apartments in the Usher's Ferry Historic Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $545. Here is today’s list of the most affordable Palo apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Pointe at Cedar Rapids | Stonewood 1 bedroom | 1BR,1BA | $543 |
Cedar Ridge Apartments | 1 bedroom | 1BR,1BA | $545 |
Shamrock Apartments | Shamrock small 1 bedroom | 1BR,1BA | $555 |
Apache Park | 1 Bedroom | 1BR,1BA | $595 |
Woodcrest Apartments | 1BR/1BA | 1BR,1BA | $600 |
Best Value Apartments for Rent in Palo, IA and Nearby
As of September 14, 2025 the best value apartment in the Palo area is the $0.97 price per square foot 3 Bedroom Model at Raintree Apartments in the in the Usher's Ferry Historic Village neighborhood starting from $1,100. The second greatest value Palo apartment is the 1 Bedroom / 1 Bathroom Model at Cedar River Bluffs Apartments starting at $995 with a $1.05 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. |
---|---|---|---|
Raintree Apartments | 3 Bedroom | 3BR,2BA | $0.97 |
Cedar River Bluffs Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.05 |
Cambridge Townhomes | Two Bedroom, One Bath | 2BR,1BA | $0.98 |
Cedar Trail Village | Two Bedroom ground with out patio | 2BR,1BA | $1.00 |
Blair Ridge | 2bed/1bath patio | 2BR,1BA | $1.03 |
The Malory Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.01 |
St. Andrews Apartments | 1x1 | 1BR,1BA | $0.99 |
Shamrock Apartments | Arrowridge small 2 bedroom | 2BR,1BA | $1.05 |
Cedar Ridge Apartments | 1 bedroom | 1BR,1BA | $0.91 |
Apache Park | 1 Bedroom | 1BR,1BA | $0.99 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palo, IA Rentals by Map
See the most popular apartments and homes in Palo, IA
Frequently Asked Questions about Palo
What type of rentals are currently available in Palo?
There are currently 45 Apartments for Rent in Palo, IA with pricing that ranges from $543 to $1,810. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palo ranging from $625 to $3,995.
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 $625 to $3,995 with an average monthly rent of $1,602.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.