Cheap Apartments for Rent in Independence, IA from $500 (41 Rentals)

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Cheap Apartments in Independence.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 1422 Irish Dr

1422 Irish Dr

WaterlooIA50701

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.

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1637 Carriage Hill Dr
2 Bedroom Apartments

1637 Carriage Hill Dr

1637 Carriage Hill DrWaterloo, IA 50701
  • Utilities Included
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Westwood Apartments
2 Bedroom Apartments

Westwood Apartments

3270-3320 W 4th StWaterloo, IA 50701
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Le Chateau
2 Bedroom Apartments

Le Chateau

733-747 Russell RdWaterloo, IA 50701
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Showing Results 1-41, Page 1 of 1

Independence, IA Local Guide

Cheapest Available Independence Apartments for Rent and Nearby

 

The cheapest available apartment rental in Independence, IA is a 1 Bed unit found at Prairie Village of LaPorte City priced from $643. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Independence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Russell LamsonStudioStudio,1BA$675
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$675
The Meadows ApartmentsQuads 2Bd2BR,1BA$700
Urban Edge Apartments1 BR/ 1 BA1BR,1BA$750
1106-1110 Kent CircleKent Circle 1 Bed/1 Bath1BR,1BA$750
Union at North Crossing1 Bed 1 Bath1BR,1BA$757
124 Earl St2BR/1.0BA2BR,1BA$795
Edgemont Park ApartmentsOne Bedroom Apartment At Top Rated Edgemont Par...1BR,1BA$845
Park @ Nine23A11BR,1BA$850

Best Value Apartments for Rent in Independence, IA and Nearby

As of May 02, 2025 the best value apartment in the Independence area is the $1.10 price per square foot 2BR/2.0BA Model at West Brook 3 in the starting from $1,150. The second greatest value Independence apartment is the 2 BR/ 2 BA Model at 3714 Ravenwood Cir starting at $1,100 with a $1.05 price per square foot . Here is today’s list of the best values for Independence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
West Brook 32BR/2.0BA2BR,2BA$1.10
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.05
Hawkeye Towers3/2.003BR,2BA$0.50
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Le Chateau2BR/1.5BA2BR,1.5BA$0.96
Union at North Crossing2 Bed 2 Bath2BR,2BA$1.13
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
Harvest Lofts1BR/1.0BA1BR,1BA$1.15
124 Earl St2BR/1.0BA2BR,1BA$1.13
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$1.11

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Independence, IA Rentals by Map

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See the most popular apartments and homes in Independence, IA

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Getting Around Independence, IA

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 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 Independence Apartments

What is the Cheapest Studio apartment in Independence?

Currently the most affordable Cheap Studio Apartment in Independence is at Russell Lamson listed at $675.

How much is rent for a Cheap One Bedroom Independence Apartment?

The lowest price for a Cheap One Bedroom Independence Apartment is $643 at Prairie Village of LaPorte City.

What is the lowest price for a Cheap Two Bedroom Independence Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Independence is starting from $700 at The Meadows Apartments.

What is the most affordable Independence Three Bedroom Apartment?

The best deal on a cheap Independence Three Bedroom Apartment rental is at The Meadows Apartments and starts from $750.

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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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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.

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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.

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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.