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Rental Market Trends in Palestine, TX

What is the average rent in Palestine, TX?

$1,073/month

Average Rent

668 Sq Ft

Average Apartment Size

+5.6%

Increase in the Last Year

As of April 2026, the average rent in Palestine, TX is $1,073 per month. This is 35% lower than the national average rent of $1,641/month, making renting in Palestine more affordable than most cities in the US. When you rent an apartment in Palestine, you can expect to pay about per month for a studio, $1,073 for a one-bedroom apartment, and around $1,220 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,308 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,073/month
668 Sq Ft
Two Bedroom
$1,220/month
942 Sq Ft
Three Bedroom
$1,308/month
1,199 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,670/month
1,841 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Palestine, TX?

In the past year, rent has increased by 5.6%, which averages out to $60 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Palestine, TX
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Palestine, TX
Percentage*
Rent Range
0% Below $700/month
38% $700 - $1,000/month
50% $1,001 - $1,500/month
12% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Palestine, TX?

Because the average rent in Palestine is $1,073, you’ll want to make about $3,576 per month or $42,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Palestine, TX

77 Available Apartments for Rent

Search for Nearby Apartments

How does Palestine, TX compare to other nearby cities and neighborhoods?

Use the tool below to compare Palestine, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Palestine, TX

Apartment Averages

Apartment communities in Palestine we think you'll love

Willow Creek Apartments

Willow Creek Apartments

100 Damon Allen Way,
Palestine, TX 75801

$1,287 - $2,137

1-3 Beds

Overlook Palestine

Overlook Palestine

100 Overlook Way,
Palestine, TX 75801

$1,179 - $1,891

1-2 Beds

Timbercrest Apartments

Timbercrest Apartments

1020 Sugar Ln,
Palestine, TX 75801

$925 - $1,440

1-3 Beds

Inwood Place

Inwood Place

1501 S Loop 256,
Palestine, TX 75801

$1,135 - $1,405

1-2 Beds

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United States Texas Palestine Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity