Cheap Homes for Rent in Panola, TX from $500 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in Panola.

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.

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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.

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Showing Results 1-14, Page 1 of 1

Panola, TX Local Guide

Cheapest Available Panola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panola, TX is a Studio unit found at Fox Trail Apartments in the Southwest Shreveport neighborhood priced from $575. HIDDEN COVE in the W Outlying Caddo Parish 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 Panola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fox Trail ApartmentsMagnoliaStudio,1BA$575
HIDDEN COVE1 Bedroom, 1 Bath1BR,1BA$595
South Pointe ApartmentsChestnut1BR,1BA$596
Lifestyle on Golf Links1 Bed 1 Bath1BR,1BA$625
Villa Del Lago Apartments1BR/1.0BA1BR,1BA$675

Best Value Apartments for Rent in Panola, TX and Nearby

As of September 20, 2025 the best value apartment in the Panola area is the $0.96 price per square foot 3BR/2.0BA Model at Colony Square in the in the Southwood neighborhood starting from $1,000. The second greatest value Panola apartment is the Tuscany Model at The Creole starting at $915 with a $1.03 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Colony Square3BR/2.0BA3BR,2BA$0.96
The CreoleTuscany2BR,1BA$1.03
The Encore on Kingston2/1.5 872 SF2BR,1.5BA$1.01
Towers at Cross LakeCove Cottage1BR,1BA$0.91
Lifestyle on Lakeshore2 Bed 1 Bath2BR,1BA$0.99
Villa Del Lago Apartments1BR/1.0BA1BR,1BA$0.93
Riverdale1 Bedroom1BR,1BA$0.95
Lifestyle on Pines1 Bed 1 Bath1BR,1BA$1.02
The MarqWillow1BR,1BA$1.02
Lifestyle on Golf Links1 Bed 1 Bath1BR,1BA$0.95

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Panola

What type of rentals are currently available in Panola?

There are currently 37 Apartments for Rent in Panola, TX with pricing that ranges from $595 to $2,306. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panola ranging from $500 to $2,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Panola ranges from $500 to $2,800 with an average monthly rent of $1,639.

How much are larger Three and Four Bedroom Rentals in Panola?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Panola range from $846 to $2,306, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,325 and Four Bedroom Apartments start at $1,051.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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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.