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

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

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.

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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.

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Altoona, IA Local Guide

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 $728. Prairie Woods Apartments in the Castalia Plaza neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Altoona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Altoona TowersS1Studio,1BA$728
Prairie Woods ApartmentsOne Bedroom1BR,1BA$750
Broadway Heights-DeactivatedA1 - 40 - Income Restricted1BR,1BA$759
Altoona TerraceStudio Partial UpgradeStudio,1BA$795
Bridlewood ApartmentsTwo Bedroom Open Style2BR,1BA$845

Best Value Apartments for Rent in Altoona, IA

As of October 27, 2025 the best value apartment in the Altoona area is the $1.06 price per square foot 3 Bedroom Model at Rock Creek Condos in the in the Castalia Plaza neighborhood starting from $1,295. The second greatest value Altoona apartment is the 3BR/2.0BA Model at Ironwood Glen Townhomes starting at $1,650 with a $1.39 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Rock Creek Condos3 Bedroom3BR,2BA$1.06
Ironwood Glen Townhomes3BR/2.0BA3BR,2BA$1.39
Redwood AltoonaDriftwood2BR,2BA$1.45
Altoona Park Apartments3BR/2BA3BR,2BA$1.05
Rising Ridge Apartments2 Bedroom 2 Bathroom2BR,2BA$1.31
Ironwood1x1 Elm1BR,1BA$1.12
Triple Crown Altoona Cooperative2BR2BR,1BA$1.07
Bridlewood ApartmentsOne Bedroom1BR,1BA$1.37
Venbury Trail1 Bedroom1BR,1BA$1.35
Prairie Woods ApartmentsOne Bedroom1BR,1BA$1.20

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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

Explore Altoona, IA Rentals by Map

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See the most popular apartments and homes in Altoona, IA

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Frequently Asked Questions about Altoona

What type of rentals are currently available in Altoona?

There are currently 64 Apartments for Rent in Altoona, IA with pricing that ranges from $695 to $2,850. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Altoona ranging from $595 to $2,450.

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 $2,450 with an average monthly rent of $1,530.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.