Cheap Homes for Rent in Panola, TX from $700 (29 Rentals)

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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.

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.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Panola, TX Local Guide

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 ListingModel NameBed/BathPriced From
HIDDEN COVE1 Bedroom, 1 Bath1BR,1BA$550
Fox Trail ApartmentsMagnoliaStudio,1BA$595
Lifestyle on Golf Links1 Bed 1 Bath1BR,1BA$625
Villa Del Lago Apartments1BR/1.0BA1BR,1BA$675
Riverdale1 Bedroom1BR,1BA$685
Salem VillageCalliope1BR,1BA$685
Lifestyle on Pines1 Bed 1 Bath1BR,1BA$699
The MarqWillow1BR,1BA$710
Colony Square1BR/1.0BA1BR,1BA$725
Lifestyle on Lakeshore1 Bed 1 Bath1BR,1BA$730

Best Value Apartments for Rent in Panola, TX and Nearby

As of April 09, 2026 the best value apartment in the Panola area is the $0.99 price per square foot Penthouse - Pond 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 Harbor Villa Model at Towers at Cross Lake starting at $785 with a $0.87 price per square foot in the Mooretown and Hollywood Heights 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.
Cross Lake ApartmentsPenthouse - Pond View2BR,2BA$0.99
Towers at Cross LakeHarbor Villa1BR,1BA$0.87
Colony Square1BR/1.0BA1BR,1BA$0.95
Lifestyle on Lakeshore1 Bed 1 Bath1BR,1BA$0.97
Villa Del Lago Apartments1BR/1.0BA1BR,1BA$0.93
Riverdale1 Bedroom1BR,1BA$0.95
Lifestyle on Pines1 Bed 1 Bath1BR,1BA$0.98
Salem VillageCalliope1BR,1BA$1.03
Lifestyle on Golf Links1 Bed 1 Bath1BR,1BA$0.95
HIDDEN COVE1 Bedroom, 1 Bath1BR,1BA$1.04

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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 $550 to $1,630. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panola ranging from $700 to $4,500.

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 $700 to $4,500 with an average monthly rent of $1,901.

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 $1,610, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,670. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,199.

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

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.