
Cheap Apartments for Rent in Palmyra, IN from $300 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


Foxtail Pointe

2226 Mayflower Manor
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 | $1,045 | $378 | $1,235 |
Palmyra 1 Bedroom Apartments | $1,046 | $549 | $1,750 |
Palmyra 2 Bedroom Apartments | $1,211 | $487 | $1,675 |
Palmyra 3 Bedroom Apartments | $1,417 | $560 | $1,850 |
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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 04, 2025 the best value apartment in the Palmyra area is the $1.11 price per square foot 3 BEDROOM 2 BATHROOM Model at Academy Park Apartments in the in the Downtown New Albany neighborhood starting from $1,495. The second greatest value Palmyra apartment is the Two Bedroom Two Bath Model at Sheffield Square starting at $1,239 with a $0.92 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. |
---|---|---|---|
Academy Park Apartments | 3 BEDROOM 2 BATHROOM | 3BR,2BA | $1.11 |
Sheffield Square | Two Bedroom Two Bath | 2BR,2BA | $0.92 |
Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
Glenview Apartments | 2 Bedroom Den - 2nd Fl. | 2BR,1.5BA | $0.89 |
Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
Stone Creek Apartments I & II | 2 Bed 1 Bath | 2BR,1BA | $0.95 |
High Park Apartments | 2 Bedroom | 2BR,1BA | $1.02 |
Courtyard Apartments | 2.1A | 2BR,1BA | $1.00 |
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 $804 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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.