Cheap Apartments for Rent in Colfax, IA from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Colfax.

Hunters Run

Courtyard Apartments

Altoona Terrace

Woodland Heights

Adventureland Village
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.

Hotel Maytag Apartments

303 S Madison St

Altoona Towers

308 E 13th St N

2220 E Walnut St

2209 Williams St
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.
Colfax, IA Local Guide

How much does it cost to rent an apartment in Colfax?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colfax Studio Apartments | $842 | $695 | $1,049 |
| Colfax 1 Bedroom Apartments | $1,149 | $550 | $2,313 |
| Colfax 2 Bedroom Apartments | $1,239 | $619 | $2,584 |
| Colfax 3 Bedroom Apartments | $1,339 | $945 | $3,097 |
| Colfax 4 Bedroom Apartments | $1,421 | $1,421 | $1,421 |
Browse Top Apartments in Colfax
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Colfax, IA Local Guide
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Cheapest Available Colfax Apartments for Rent and Nearby
 The cheapest available apartment rental in Colfax, IA is a 1 Bed unit found at Hunters Run priced from $550. Courtyard Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $619. Here is today’s list of the most affordable Colfax apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunters Run | A1 | 1BR,1BA | $550 |
| Courtyard Apartments | B1 | 2BR,1BA | $619 |
| Newton Park Apartments | 1BR - 30% Gross Income | 1BR,1BA | $676 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
| Altoona Towers | S1 | Studio,1BA | $742 |
Best Value Apartments for Rent in Colfax, IA and Nearby
As of December 14, 2025 the best value apartment in the Colfax area is the $1.05 price per square foot 3BR/2BA Model at Altoona Park Apartments in the in the Altoona Meadows neighborhood starting from $1,150. The second greatest value Colfax apartment is the 3 Bed 2 Bath Model at Woodland Heights starting at $970 with a $0.96 price per square foot . Here is today’s list of the best values for Colfax apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
| Woodland Heights | 3 Bed 2 Bath | 3BR,2BA | $0.96 |
| Walnut Pointe | Villa | 3BR,1BA | $1.00 |
| SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| Canterbury Park | Two Bedroom-Two Bath | 2BR,2BA | $1.04 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $1.00 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| 409 4th St NE | 2BR 1BA | 2BR,1BA | $1.08 |
| Hunters Run | A1 | 1BR,1BA | $0.80 |
| Courtyard Apartments | B1 | 2BR,1BA | $0.95 |
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 ArticleThe 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.
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 Colfax, IA Rentals by Map
See the most popular apartments and homes in Colfax, IA
Getting Around Colfax, IA
Walk Score®
17 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
27 / 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 Colfax Apartments
What is the Cheapest Studio apartment in Colfax?
Currently the most affordable Cheap Studio Apartment in Colfax is at Altoona Towers listed at $742.
How much is rent for a Cheap One Bedroom Colfax Apartment?
The lowest price for a Cheap One Bedroom Colfax Apartment is $550 at Hunters Run.
What is the lowest price for a Cheap Two Bedroom Colfax Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Colfax is starting from $619 at Courtyard Apartments.
What is the most affordable Colfax Three Bedroom Apartment?
The best deal on a cheap Colfax Three Bedroom Apartment rental is at SUNDANCE NEWTON APARTMENTS and starts from $945.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.


