Cheap Homes for Rent in Panola, TX from $500 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Panola.

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.

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 $595. Lifestyle on Golf Links in the Westwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Panola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
HIDDEN COVE1 Bedroom, 1 Bath1BR,1BA$595
Lifestyle on Golf Links1 Bed 1 Bath1BR,1BA$625
Colony Square1BR/1.0BA1BR,1BA$675
Riverdale1 Bedroom1BR,1BA$685
River Oaks ApartmentsStudioStudio,1BA$725

Best Value Apartments for Rent in Panola, TX and Nearby

As of April 27, 2025 the best value apartment in the Panola area is the $0.97 price per square foot 3 Bedroom/2 Bath Model at Ashton Pines Apartments in the in the Southwest Shreveport neighborhood starting from $1,121. The second greatest value Panola apartment is the 2BR/2.0BA Model at Colony Square starting at $775 with a $0.90 price per square foot in the Southwood 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.
Ashton Pines Apartments3 Bedroom/2 Bath3BR,2BA$0.97
Colony Square2BR/2.0BA2BR,2BA$0.90
Cedar Creek VillagePremium 1 Bedroom, 1 Bath Apartment Homes1BR,1BA$1.09
Country Crossing ApartmentsHickory2BR,1BA$1.11
Towers at Cross LakeCove Cottage1BR,1BA$0.91
Riverdale1 Bedroom1BR,1BA$0.95
Lifestyle on Pines1 Bed 1 Bath1BR,1BA$1.02
Foxborough CoveB1BR,1BA$1.09
Lifestyle on Golf Links1 Bed 1 Bath1BR,1BA$0.95
HIDDEN COVE1 Bedroom, 1 Bath1BR,1BA$1.12

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Panola

What type of rentals are currently available in Panola?

There are currently 31 Apartments for Rent in Panola, TX with pricing that ranges from $595 to $2,640. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panola ranging from $500 to $3,400.

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 $500 to $3,400 with an average monthly rent of $1,456.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.