
Cheap Apartments for Rent in Panola, TX from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Panola.


Tiffany Square Apartments

Fox Trail Apartments

South Pointe Apartments

Lifestyle on Golf Links

Villa Del Lago Apartments

Riverdale

Salem Village

Lifestyle on Pines
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.

Ashford Park - Bedford Park

Westwood Village Apartments

Towers at Cross Lake

Colony Square

River Oaks Apartments

Lifestyle at Lakeshore

Seasons Apartments

Country Club Place

The Creole
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

The Encore on Kingston

Castlewood Apartments

Summer Pointe Apartments

Cedar Creek Village

The Marq

Nantucket Harbor

Hillside Apartments
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.

The Landmark Apartments

Southwood Village

3051 Amherst St

7120 Karen St

5613 Broadway Ave

3902 Sumner St

7137 Burlingame Blvd

557 Merrick St

Foxborough Cove
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.

1726 Malcolm St

1430 Grigsby St

3323 Darien St

110 Blanchard Mobile Villa Rd

4321 Ridgeway Ave

622 W 75th St

715 Boulevard St

6637 Burke St

4922 Daniel Pl
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.
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 | $780 | $607 | $1,063 |
| Panola 1 Bedroom Apartments | $807 | $550 | $1,200 |
| Panola 2 Bedroom Apartments | $973 | $695 | $1,650 |
| Panola 3 Bedroom Apartments | $1,188 | $846 | $1,600 |
| Panola 4 Bedroom Apartments | $1,299 | $1,199 | $1,400 |
Browse Top Apartments in Panola
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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 |
| Lifestyle on Golf Links | 1 Bed 1 Bath | 1BR,1BA | $625 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| Salem Village | Calliope | 1BR,1BA | $695 |
| Lifestyle on Pines | 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 |
| Seasons Apartments | 1/1 737 SQ FT | 1BR,1BA | $740 |
Best Value Apartments for Rent in Panola, TX and Nearby
As of May 08, 2026 the best value apartment in the Panola area is the $0.67 price per square foot Pine Model at South Pointe Apartments in the in the Westwood neighborhood starting from $771. The second greatest value Panola apartment is the Catallena Model at The Creole starting at $800 with a $0.82 price per square foot in the Southwood 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. |
|---|---|---|---|
| South Pointe Apartments | Pine | 2BR,2BA | $0.67 |
| The Creole | Catallena | 2BR,2BA | $0.82 |
| Colony Square | 2BR/2.0BA | 2BR,2BA | $0.95 |
| Towers at Cross Lake | Cove Cottage | 1BR,1BA | $0.91 |
| Lifestyle at Lakeshore | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
| Seasons Apartments | 1/1 737 SQ FT | 1BR,1BA | $1.00 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $0.93 |
| Salem Village | Calliope | 1BR,1BA | $1.05 |
| Lifestyle on Golf Links | 1 Bed 1 Bath | 1BR,1BA | $0.95 |
| 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
What is the Cheapest Studio apartment in Panola?
Currently the most affordable Cheap Studio Apartment in Panola is at Fox Trail Apartments listed at $595.
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 The Encore on Kingston and starts from $1,075.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.