Cheap Apartments for Rent in Parma, MO from $500 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in Parma.

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.

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Caraway Commons
Rent Specials
$850 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,150
Total Monthly Price
$850 - $1,150
1 to 3 Bedroom Apartments Available Now

Caraway Commons

3308 Caraway Commons DrJonesboro, AR 72404
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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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Lauren's Place
2 to 3 Bedroom Apartments

Lauren's Place

802 Crown StMarble Hill, MO 63764
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Villas at Jonesboro
1 to 2 Bedroom Apartments

Villas at Jonesboro

983 N Patrick StJonesboro, AR 72401
Senior Living

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.

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Sundance Townhomes
2 Bedroom Apartments

Sundance Townhomes

1912 Word CvJonesboro, AR 72401
Student Housing
  • Utilities Included

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.

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Parma, MO Local Guide

Cheapest Available Parma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Parma, MO is a 1 Bed unit found at The Vue on Self Circle in the Downtown Jonesboro neighborhood priced from $575. Capri 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 Parma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Vue on Self Circle1BR/1BA1BR,1BA$575
CapriCopper1BR,1BA$595
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$650
Chapel Ridge Martin1 Bedroom 1 Bath1BR,1BA$659
Gladiola EstatesStandard 1 Bedroom1BR,1BA$665
601 Kinzer St301 Kinzer St2BR,1BA$695
The Links at JonesboroCustom1BR,1BA$720
Courtyard @ The Corner2 Bedroom, 1 Bathroom2BR,1BA$725
SilverwoodClassic2BR,1BA$780
Williamsburg ApartmentsMEDIUM 2BR/1BA2BR,1BA$790

Best Value Apartments for Rent in Parma, MO and Nearby

As of June 10, 2026 the best value apartment in the Parma area is the $0.83 price per square foot 2 Bed 1.5 Bath - Morganne Dr Model at The Oak Townhomes in the starting from $1,000. The second greatest value Parma apartment is the 3BR/1.5BA Model at Brooke Village starting at $1,000 with a $0.83 price per square foot . Here is today’s list of the best values for Parma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Oak Townhomes2 Bed 1.5 Bath - Morganne Dr2BR,1.5BA$0.83
Brooke Village3BR/1.5BA3BR,1.5BA$0.83
Caraway Commons3BR -R3BR,2BA$0.98
Chapel Ridge Martin3 Bedroom 2 Bath3BR,2BA$0.82
Cape Trails2Bd. 2Bt. (975sqft)2BR,2BA$0.72
Williamsburg ApartmentsMEDIUM 2BR/1BA2BR,1BA$0.83
The District at CapeGirardot2BR,2BA$0.89
601 Kinzer St301 Kinzer St2BR,1BA$0.76
Hawks LandingTwo Bedroom2BR,2BA$0.72
SilverwoodClassic2BR,1BA$0.92

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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Real 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.

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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!

Explore Parma, MO Rentals by Map

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Frequently Asked Questions about Cheap Parma Apartments

What is the Cheapest Studio apartment in Parma?

Currently the most affordable Cheap Studio Apartment in Parma is at Royal Ridge listed at $650.

How much is rent for a Cheap One Bedroom Parma Apartment?

The lowest price for a Cheap One Bedroom Parma Apartment is $575 at The Vue on Self Circle.

What is the lowest price for a Cheap Two Bedroom Parma Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Parma is starting from $695 at 601 Kinzer St.

What is the most affordable Parma Three Bedroom Apartment?

The best deal on a cheap Parma Three Bedroom Apartment rental is at Chapel Ridge Martin and starts from $886.

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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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.

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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.