
Cheap Homes for Rent in Grinnell, IA from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Grinnell.


124 S 2nd St

1220 6th Ave

717 N 5th Ave

108 N 1st 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.

306 Central Dr

413 Jefferson St

328 N G St

1512 Summer St

17 N 11th Ave
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.
Grinnell, IA Local Guide

How much does it cost to rent a home in Grinnell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grinnell 2 Bedroom Homes for Rent | $1,361 | $995 | $2,200 |
| Grinnell 3 Bedroom Homes for Rent | $1,861 | $485 | $2,950 |
| Grinnell 4 Bedroom Homes for Rent | $2,207 | $1,450 | $2,695 |
| Grinnell 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Grinnell
Explore Grinnell
Grinnell, IA Local Guide
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Cheapest Neighborhoods for Apartments in Grinnell, IA
Pricing Updated: 05/03/2026Current apartment rentals in the Grinnell, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Grinnell Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| East Gate Estates | $1,000 | $600 | 1 |
| West Towne | $1,000 | $600 | 1 |
Cheapest Available Grinnell Apartments for Rent and Nearby
 The cheapest available apartment rental in Grinnell, IA is a 1 Bed unit found at Brookview Terrace priced from $683. Hotel Maytag Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Grinnell apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookview Terrace | A1 | 1BR,1BA | $683 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
| SUNDANCE NEWTON APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $805 |
Best Value Apartments for Rent in Grinnell, IA and Nearby
As of May 03, 2026 the best value apartment in the Grinnell area is the $0.79 price per square foot 3 Bedroom 2 Bathroom Model at THE ARBORS APARTMENTS in the in the East Gate Estates neighborhood starting from $949. The second greatest value Grinnell apartment is the 3BR/2BA Model at Altoona Park Apartments starting at $1,150 with a $1.05 price per square foot in the Altoona Meadows neighborhood. Here is today’s list of the best values for Grinnell apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| THE ARBORS APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.79 |
| Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
| 1614 5th Ave, Unit 1614 5TH AVE | 1614 5th Ave | 3BR,1.5BA | $1.10 |
| SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $1.00 |
| Terrace View by Kading | Cottage - 2 | 2BR,1BA | $1.09 |
| SUNDANCE MARSHALLTOWN APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.97 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| Woodland Heights | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.10 |
| 409 4th St NE | 2BR 1BA | 2BR,1BA | $1.08 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Best Local Schools in Grinnell, IA
Davis Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grinnell, IA Rentals by Map
See the most popular apartments and homes in Grinnell, IA
Frequently Asked Questions about Grinnell
What type of rentals are currently available in Grinnell?
There are currently 73 Apartments for Rent in Grinnell, IA with pricing that ranges from $470 to $2,884. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grinnell ranging from $485 to $2,950.
What is the current price range for Rental Homes in Grinnell?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grinnell ranges from $485 to $2,950 with an average monthly rent of $1,531.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.