A UE Red Warrior in college, Palma was selected with the 15th overall pick by the Blackwater Elite in the 2017 PBA draft.
In 2021, Palma moved to the Pilipinas VisMin Super Cup and played for the Kapatagan Buffalo Braves before moving to the Nueva Ecija Rice Vanguards franchise later that year.
In 2021, he played for the Kapatagan Buffalo Braves of the newly founded Pilipinas VisMin Super Cup.
[3] On March 3, 2020, Renz Palma signed a deal with the Nueva Ecija Rice Vanguards of the Maharlika Pilipinas Basketball League (MPBL).
[4] The COVID-19 pandemic suspended league play for over a year and Palma wouldn't make his debut with his hometown team until the 2021 MPBL Invitational.