
Cheap Apartments for Rent in Indianola, IA from $600 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Indianola.


207 W Boston Ave

East Park Apartments

Next Level Apartments - Deer Run

Linden East Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Rosemont Place

Sunset Apartments

Valley Acres Apartments

The Hampton Meadows

Evergreen Terrace

Scotchview Manor Apartments
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.

The Meadows

Magnolia Manor Apartments and Townhomes

Southbrook Green

3317 SE 4th St

The Allure at 57
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.

Flats on 5th

324 Rittenhouse St

507 Payton Ave

236 E 23rd St

1105 Elder Ln
Indianola, IA Local Guide

How much does it cost to rent an apartment in Indianola?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Indianola Studio Apartments | $906 | $745 | $980 |
Indianola 1 Bedroom Apartments | $858 | $627 | $1,380 |
Indianola 2 Bedroom Apartments | $986 | $639 | $1,965 |
Indianola 3 Bedroom Apartments | $1,388 | $950 | $1,850 |
Browse Top Apartments in Indianola
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Indianola, IA Local Guide
- Indianola Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Indianola Apartments for Rent and Nearby
 The cheapest available apartment rental in Indianola, IA is a 1 Bed unit found at Melbourne in the Southeast Des Moines neighborhood priced from $627. Somerset in the Southwest Des Moines neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $681. Here is today’s list of the most affordable Indianola apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Melbourne | A2 - 40 - Income Restricted | 1BR,1BA | $627 |
Somerset | B3 | 2BR,1BA | $681 |
Rosemont Place | B1 | 2BR,1BA | $683 |
Foxwood Apartments | B1 | 2BR,1BA | $683 |
Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $725 |
The Hampton Meadows | A1 - Renovated | 1BR,1BA | $740 |
East Park Apartments | 1/2 Story Down | 2BR,1BA | $750 |
The Ridges | A1 - Renovated | 1BR,1BA | $765 |
Southern Park Apartments | 2BR/1.0BA | 2BR,1BA | $775 |
Scotchview Manor Apartments | 1 BR - 30% Gross Income | 1BR,1BA | $794 |
Best Value Apartments for Rent in Indianola, IA and Nearby
As of May 17, 2025 the best value apartment in the Indianola area is the $1.12 price per square foot B6 - Renovated Model at Rosemont Place in the in the Southeast Des Moines neighborhood starting from $1,198. The second greatest value Indianola apartment is the 3 Bedroom Model at The Meadows starting at $950 with a $0.91 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Indianola apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Rosemont Place | B6 - Renovated | 2BR,2BA | $1.12 |
The Meadows | 3 Bedroom | 3BR,2BA | $0.91 |
Magnolia Manor Apartments and Townhomes | 2 Bedroom | 2BR,1BA | $0.89 |
Somerset | B4 | 2BR,2BA | $1.07 |
Southern Park Apartments | 2BR/1.0BA | 2BR,1BA | $0.96 |
Next Level Apartments - Deer Run | B1 | 2BR,1BA | $1.03 |
Sunburst | Two Bedroom-One Bath | 2BR,1BA | $1.11 |
Norwalk Village Estates | 2BR/1.0BA | 2BR,1BA | $1.11 |
Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.12 |
Foxwood Apartments | A1 | 1BR,1BA | $1.11 |
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.
Best Local Schools in Indianola, IA
Irving Elementary School
Indianola High School
Indianola Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Indianola, IA
Getting Around Indianola, IA
Walk Score®
45 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 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 Indianola Apartments
How much is rent for a Cheap One Bedroom Indianola Apartment?
The lowest price for a Cheap One Bedroom Indianola Apartment is $627 at Melbourne.
What is the lowest price for a Cheap Two Bedroom Indianola Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indianola is starting from $639 at Melbourne.
What is the most affordable Indianola Three Bedroom Apartment?
The best deal on a cheap Indianola Three Bedroom Apartment rental is at The Meadows and starts from $950.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.

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.