
Cheap Homes for Rent in Altoona, IA from $655 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Altoona.


2636.5 Capitol Ave

304 4th St SW, Unit 8
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2319 Williams St

3410 Easton Blvd

2703 Hull Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Altoona, IA Local Guide

How much does it cost to rent a home in Altoona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Altoona 2 Bedroom Homes for Rent | $1,203 | $950 | $1,400 |
| Altoona 3 Bedroom Homes for Rent | $1,720 | $1,095 | $2,195 |
| Altoona 4 Bedroom Homes for Rent | $2,102 | $1,290 | $2,500 |
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Altoona, IA Local Guide
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Cheapest Available Altoona Apartments for Rent
 The cheapest available apartment rental in Altoona, IA is a Studio unit found at Altoona Towers in the Altoona Meadows neighborhood priced from $799. Altoona Terrace in the Altoona Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Altoona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altoona Towers | S1 | Studio,1BA | $799 |
| Altoona Terrace | 1 Bedroom 1 Bath Partial Remodel | 1BR,1BA | $895 |
| Prairie Woods Apartments | Two Bedroom | 2BR,1BA | $905 |
Best Value Apartments for Rent in Altoona, IA
As of September 14, 2026 the best value apartment in the Altoona area is the $0.96 price per square foot D1 - 60 - 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 3BR/2.0BA Model at Ironwood Glen Townhomes starting at $1,695 with a $1.43 price per square foot in the Altoona Meadows neighborhood. Here is today’s list of the best values for Altoona apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hawthorne Pointe | D1 - 60 - Income Restricted | 4BR,2BA | $0.96 |
| Ironwood Glen Townhomes | 3BR/2.0BA | 3BR,2BA | $1.43 |
| Rock Creek Condos | 2 Bedroom | 2BR,2BA | $1.21 |
| Rising Ridge Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.35 |
| Ironwood | 1x1 Elm | 1BR,1BA | $1.32 |
| Prairie Woods Apartments | Two Bedroom | 2BR,1BA | $1.06 |
| Venbury Trail | 2 Bedroom 2 Bath | 2BR,1BA | $1.22 |
| The Emory - Altoona | 1BR Saxon | 1BR,1BA | $1.48 |
| Bridlewood Apartments | One Bedroom | 1BR,1BA | $1.36 |
| Altoona Terrace | 1 Bedroom 1 Bath Partial Remodel | 1BR,1BA | $1.52 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Altoona, IA Rentals by Map
See the most popular apartments and homes in Altoona, IA
Frequently Asked Questions about Altoona
What type of rentals are currently available in Altoona?
There are currently 65 Apartments for Rent in Altoona, IA with pricing that ranges from $810 to $2,746. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Altoona ranging from $655 to $2,500.
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 $655 to $2,500 with an average monthly rent of $1,673.
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 $1,150 to $2,746, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,195. Four Bedroom Single-Family rentals are also available starting from $1,290 and Four Bedroom Apartments start at $1,421.
Expert Rental Resources
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.
Articles, How-To's, and Tips

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.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.