
Cheap Homes for Rent near Panola, TX from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Panola.


3612 Michigan Blvd

3051 Amherst St

3553 W College St

7120 Karen St

3420 Darien St

7131 Suntan St
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.

557 Merrick St

7041 Penny St

4122 Cherokee St

6418 Quilen Blvd

4129 Lamar Ave

2928 Marquette St

6637 Burke St
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.
Panola, TX Local Guide

How much does it cost to rent a home in Panola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panola 2 Bedroom Homes for Rent | $820 | $565 | $1,150 |
| Panola 3 Bedroom Homes for Rent | $1,223 | $595 | $2,050 |
| Panola 4 Bedroom Homes for Rent | $1,700 | $1,200 | $2,700 |
| Panola 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent 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 $613. 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 | $613 |
| Lifestyle on Golf Links | 1 Bed 1 Bath | 1BR,1BA | $625 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| Riverdale | 1 Bedroom | 1BR,1BA | $685 |
Best Value Apartments for Rent in Panola, TX and Nearby
As of July 09, 2026 the best value apartment in the Panola area is the $0.72 price per square foot Pointe Manor Model at Towers at Cross Lake in the in the Mooretown and Hollywood Heights neighborhood starting from $950. The second greatest value Panola apartment is the 2/2.5 1250 SF Model at Tiffany Square Apartments starting at $880 with a $0.70 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. |
|---|---|---|---|
| Towers at Cross Lake | Pointe Manor | 2BR,2BA | $0.72 |
| Tiffany Square Apartments | 2/2.5 1250 SF | 2BR,2.5BA | $0.70 |
| Cross Lake Apartments | Penthouse - Pond View | 2BR,2BA | $1.01 |
| Lifestyle on Pines Rd | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
| Colony Square | 1BR/1.0BA | 1BR,1BA | $0.95 |
| Lifestyle at Lakeshore | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
| Riverdale | 1 Bedroom | 1BR,1BA | $0.95 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $0.99 |
| 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!
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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 $550 to $2,105. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panola ranging from $565 to $2,700.
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 $565 to $2,700 with an average monthly rent of $1,341.
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 $872 to $1,593, while Three Bedroom Homes, Condos, and Townhomes for rent range from $595 to $2,050. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,152.
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

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.

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.