
Cheap Homes for Rent in Grinnell, IA from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Grinnell.


1220 6th Ave

303 S Madison St

2552 Smith Ave

2251 Fairfax Dr

1016 1st Ave W
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.

1022 1st Ave W

615 W Main St

410 N Grant St

603 E 7 1/2 St N

1616 5th Ave

905 E 8th St S
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.
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 | $1,568 | $896 | $2,750 |
| Grinnell 3 Bedroom Homes for Rent | $1,862 | $1,040 | $2,950 |
| Grinnell 4 Bedroom Homes for Rent | $2,215 | $1,895 | $2,695 |
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Grinnell, IA Local Guide
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Cheapest Neighborhoods for Apartments in Grinnell, IA
Pricing Updated: 08/02/2026Current apartment rentals in the Grinnell, IA area range in price from $587 to $950 with an overall median price of $812. 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 | $812 | $587 | 4 |
| West Towne | $812 | $587 | 4 |
Cheapest Available Grinnell Apartments for Rent and Nearby
 The cheapest available apartment rental in Grinnell, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. 110 N Maple St in the Jasper County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Grinnell apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Reserves at South Lake | 1B1B | 1BR,1BA | $395 |
| 110 N Maple St | 2-bedroom | 2BR,1BA | $700 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
| Hunters Run | B2 | 2BR,1BA | $775 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $795 |
Best Value Apartments for Rent in Grinnell, IA and Nearby
As of August 02, 2026 the best value apartment in the Grinnell area is the $0.78 price per square foot 2 Bedroom 1 Bathroom - Large Model at THE ARBORS APARTMENTS in the in the East Gate Estates neighborhood starting from $859. The second greatest value Grinnell apartment is the 3 Bedroom 2 Bathroom Model at SUNDANCE NEWTON APARTMENTS starting at $945 with a $1.02 price per square foot in the Jasper County 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 | 2 Bedroom 1 Bathroom - Large | 2BR,1BA | $0.78 |
| SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| Hunters Run | B2 | 2BR,1BA | $0.91 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $0.94 |
| Southtown Apartments | B1 | 2BR,1BA | $0.96 |
| Olive Terrace Apartments | B1 | 2BR,1BA | $1.00 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| 110 N Maple St | 2-bedroom | 2BR,1BA | $0.88 |
| Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.04 |
| The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
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.
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!
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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 74 Apartments for Rent in Grinnell, IA with pricing that ranges from $587 to $2,892. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grinnell ranging from $675 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 $675 to $2,950 with an average monthly rent of $1,770.
How much are larger Three and Four Bedroom Rentals in Grinnell?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Grinnell range from $764 to $2,892, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,040 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,895 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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.