
Cheap Homes for Rent in Danville, IA from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Danville.


607 NE 3rd Ave

407-407 SW 8th St

518 W Murray St

516 South St

322 S Madison St

2505-2515 15th St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

703 W 5th St

812 SW 9th St

1809 2nd Ave

708 SW 6th St

605 W 3rd St

151 E 3rd St

410 Burlington St
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.
Danville, IA Local Guide

How much does it cost to rent a home in Danville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Danville 2 Bedroom Homes for Rent | $969 | $685 | $1,800 |
| Danville 3 Bedroom Homes for Rent | $1,309 | $907 | $2,200 |
| Danville 4 Bedroom Homes for Rent | $1,650 | $1,500 | $1,800 |
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Danville, IA Local Guide
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Cheapest Available Danville Apartments for Rent and Nearby
 The cheapest available apartment rental in Danville, IA is a Studio unit found at Macomb Rentals priced from $390. Smith and Royer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Danville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Smith and Royer Apartments | 1 Bedroom Side Apartment | 1BR,1BA | $550 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $615 |
| Caspian Village Apartments | 2 Bedroom, 1 Bathrom | 2BR,1BA | $625 |
| Welch Hotel Senior Apartments | Studio | Studio,1BA | $650 |
Best Value Apartments for Rent in Danville, IA and Nearby
As of July 06, 2026 the best value apartment in the Danville area is the $0.85 price per square foot 3 BR / 2 BA Model at Creekside Park in the starting from $1,029. The second greatest value Danville apartment is the Blaul Lofts - 208 Model at Blaul Lofts starting at $1,050 with a $1.00 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Danville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Creekside Park | 3 BR / 2 BA | 3BR,2BA | $0.85 |
| Blaul Lofts | Blaul Lofts - 208 | 2BR,1BA | $1.00 |
| Westland Village | 2x1 | 2BR,1BA | $0.89 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| School House Apartments | Studio | Studio ,1BA | $1.08 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $0.82 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.19 |
| Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| Caspian Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.16 |
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 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!
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Frequently Asked Questions about Danville
What type of rentals are currently available in Danville?
There are currently 52 Apartments for Rent in Danville, IA with pricing that ranges from $390 to $1,900. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Danville ranging from $595 to $5,000.
What is the current price range for Rental Homes in Danville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Danville ranges from $595 to $5,000 with an average monthly rent of $1,929.
How much are larger Three and Four Bedroom Rentals in Danville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Danville range from $815 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $907 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $600.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.