Cheap Homes for Rent in Altoona, IA from $500 (12 Rentals)

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

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Altoona, IA Local Guide

Cheapest Available Altoona Apartments for Rent and Nearby

 

The cheapest available apartment rental in Altoona, IA is a 1 Bed unit found at Broadway Heights in the Castalia Plaza neighborhood priced from $765. Blue Ridge Commons in the Altoona Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Altoona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Broadway HeightsA1 - 40 - Income Restricted1BR,1BA$765
Blue Ridge CommonsApartment Style- Studio1BR,1BA$799
Prairie Woods ApartmentsOne Bedroom1BR,1BA$805
Altoona Towers9018S1_0X1S1_347Studio,1BA$825
Bridlewood ApartmentsTwo Bedroom Open Style2BR,1BA$845

Best Value Apartments for Rent in Altoona, IA and Nearby

As of September 10, 2025 the best value apartment in the Altoona area is the $1.05 price per square foot D1 - 40 - Income Restricted Model at Hawthorne Pointe in the in the Altoona Meadows neighborhood starting from $1,421. The second greatest value Altoona apartment is the Haven Model at Golfview Condos starting at $1,193 with a $1.06 price per square foot in the Castalia Plaza neighborhood. Here is today’s list of the best values for Altoona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hawthorne PointeD1 - 40 - Income Restricted4BR,2BA$1.05
Golfview CondosHaven2BR,2BA$1.06
Altoona Park Apartments3BR/2BA3BR,2BA$1.05
Rock Creek Condos2 Bedroom2BR,2BA$1.18
Rising Ridge Apartments2 Bedroom 2 Bathroom2BR,2BA$1.31
Ironwood1x1 Elm1BR,1BA$1.22
Venbury Trail2 Bedroom2BR,1.5BA$1.08
Centennial Place Apartments2BR/1BA2BR,1BA$1.12
Bridlewood ApartmentsOne Bedroom1BR,1BA$1.30
Prairie Woods ApartmentsOne Bedroom1BR,1BA$1.29

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

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Frequently Asked Questions about Altoona

What type of rentals are currently available in Altoona?

There are currently 63 Apartments for Rent in Altoona, IA with pricing that ranges from $765 to $2,860. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Altoona ranging from $595 to $2,900.

What is the current price range for Rental Homes in Altoona?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Altoona ranges from $595 to $2,900 with an average monthly rent of $1,527.

How much are larger Three and Four Bedroom Rentals in Altoona?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Altoona range from $863 to $2,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $1,421.

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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A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

Written by: Joseph Isenberg

I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.