
Cheap Apartments for Rent in Palmyra, IN from $300 (2 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


Foxtail Pointe
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Palmyra, IN Local Guide

How much does it cost to rent an apartment in Palmyra?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palmyra Studio Apartments | $953 | $378 | $1,180 |
Palmyra 1 Bedroom Apartments | $1,039 | $549 | $1,615 |
Palmyra 2 Bedroom Apartments | $1,221 | $487 | $1,675 |
Palmyra 3 Bedroom Apartments | $1,483 | $560 | $2,430 |
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Palmyra, IN Local Guide
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Best Value Apartments for Rent in Palmyra, IN and Nearby
As of April 26, 2025 the best value apartment in the Palmyra area is the $0.89 price per square foot Koehler Springs II Model at Koehler Springs in the in the Southern Indiana neighborhood starting from $1,200. The second greatest value Palmyra apartment is the 3.1 Model at Courtyard Apartments starting at $1,307 with a $1.04 price per square foot in the Downtown New Albany neighborhood. Here is today’s list of the best values for Palmyra apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
Courtyard Apartments | 3.1 | 3BR,1BA | $1.04 |
Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
Academy Park Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $1.12 |
Sheffield Square | Two Bedroom Two Bath Ridge | 2BR,2BA | $1.11 |
Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
Glenview Apartments | 2 Bedroom 2nd Floor | 2BR,1.5BA | $0.93 |
Stone Creek Apartments I & II | 2 Bed 1 Bath | 2BR,1BA | $0.95 |
High Park Apartments | 2 Bedroom | 2BR,1BA | $0.99 |
Brookview Glen | Studio | Studio ,1BA | $0.95 |
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Getting Around Palmyra, IN
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
20 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Palmyra Apartments
How much is rent for a Cheap One Bedroom Palmyra Apartment?
The lowest price for a Cheap One Bedroom Palmyra Apartment is $549 at Brookview Glen.
What is the lowest price for a Cheap Two Bedroom Palmyra Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palmyra is starting from $828 at Courtyard Apartments.
What is the most affordable Palmyra Three Bedroom Apartment?
The best deal on a cheap Palmyra Three Bedroom Apartment rental is at Koehler Springs and starts from $1,200.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.