
Cheap Apartments for Rent in Panola, TX from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Panola.


Fox Trail Apartments

South Pointe Apartments

Tiffany Square

Westwood Village Apartments

Villa Del Lago Apartments

The Creole

Riverdale
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.

Salem Village

Lifestyle on Pines Rd

Ashford Park - Bedford Park

Colony Square

Towers at Cross Lake

Lifestyle on Golf Links

Lifestyle at Lakeshore

Country Club Place
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.

Ashton Pines

Country Crossing Apartments

Castlewood Apartments

River Oaks Apartments

Summer Pointe Apartments

Nantucket Harbor

The Landmark Apartments

The Encore on Kingston
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.

2714 Dupont St

3051 Amherst St

3553 W College St

7024 Elsie St

3612 Michigan Blvd

3420 Darien St

3240 Jackson St

4259 Rightway Ave
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.

1838 Lyons St

557 Merrick St

Foxborough Cove

7041 Penny St

570 Sally Ann Dr

2551 Claiborne Ave

4641-466L 6L Westwood Park Dr

4122 Cherokee St
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.

3073 Gorton Rd

2928 Marquette St

2933 Hillcrest Ave

6637 Burke St
Panola, TX Local Guide

How much does it cost to rent an apartment in Panola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panola Studio Apartments | $759 | $607 | $1,063 |
| Panola 1 Bedroom Apartments | $831 | $550 | $1,211 |
| Panola 2 Bedroom Apartments | $999 | $695 | $1,890 |
| Panola 3 Bedroom Apartments | $1,221 | $863 | $1,609 |
| Panola 4 Bedroom Apartments | $1,299 | $1,199 | $1,400 |
Browse Top Apartments in Panola
See all Apartments in PanolaExplore Panola
Panola, TX Local Guide
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Cheapest Available Panola Apartments for Rent and Nearby
 The cheapest available apartment rental in Panola, TX is a 1 Bed unit found at HIDDEN COVE in the W Outlying Caddo Parish neighborhood priced from $550. Fox Trail Apartments in the Southwest Shreveport neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here is today’s list of the most affordable Panola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| HIDDEN COVE | 1 Bedroom, 1 Bath | 1BR,1BA | $550 |
| Fox Trail Apartments | Magnolia | Studio,1BA | $595 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| The Creole | Magnolia | 1BR,1BA | $680 |
| Riverdale | 1 Bedroom | 1BR,1BA | $685 |
| Salem Village | Calliope | 1BR,1BA | $695 |
| Lifestyle on Pines Rd | 1 Bed 1 Bath | 1BR,1BA | $699 |
| Colony Square | 1BR/1.0BA | 1BR,1BA | $725 |
| Towers at Cross Lake | Cove Cottage | 1BR,1BA | $725 |
| Lifestyle at Lakeshore | 1 Bed 1 Bath | 1BR,1BA | $730 |
Best Value Apartments for Rent in Panola, TX and Nearby
As of June 23, 2026 the best value apartment in the Panola area is the $0.92 price per square foot Townhouse- Lake View Model at Cross Lake Apartments in the in the Mooretown and Hollywood Heights neighborhood starting from $1,040. The second greatest value Panola apartment is the Hampton Model at Nantucket Harbor starting at $947 with a $1.02 price per square foot in the Westwood neighborhood. Here is today’s list of the best values for Panola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cross Lake Apartments | Townhouse- Lake View | 2BR,2.5BA | $0.92 |
| Nantucket Harbor | Hampton | 2BR,2BA | $1.02 |
| The Encore on Kingston | 2/1.5 872 SF | 2BR,1.5BA | $1.03 |
| Towers at Cross Lake | Cove Cottage | 1BR,1BA | $0.91 |
| Colony Square | 1BR/1.0BA | 1BR,1BA | $0.95 |
| Lifestyle at Lakeshore | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $0.93 |
| Riverdale | 1 Bedroom | 1BR,1BA | $0.95 |
| The Creole | Magnolia | 1BR,1BA | $0.99 |
| HIDDEN COVE | 1 Bedroom, 1 Bath | 1BR,1BA | $1.04 |
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.
Read ArticleQuick 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 Panola, TX Rentals by Map
See the most popular apartments and homes in Panola, TX
Frequently Asked Questions about Cheap Panola Apartments
How much is rent for a Cheap One Bedroom Panola Apartment?
The lowest price for a Cheap One Bedroom Panola Apartment is $550 at HIDDEN COVE.
What is the lowest price for a Cheap Two Bedroom Panola Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Panola is starting from $695 at HIDDEN COVE.
What is the most affordable Panola Three Bedroom Apartment?
The best deal on a cheap Panola Three Bedroom Apartment rental is at Lifestyle at Lakeshore and starts from $900.
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

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.

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.

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.