Cheap Homes for Rent in Grinnell, IA from $600 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Grinnell.

property at 303 S Madison St

$725

2 Bedroom, 1 Bath Home for Rent

Available Now

303 S Madison St

Prairie CityIA50228

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.

property at 1616 5th Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1616 5th Ave

GrinnellIA50112

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

Cheapest Neighborhoods for Apartments in Grinnell, IA

Pricing Updated: 08/02/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
East Gate Estates$812$5874
West Towne$812$5874

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 ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
110 N Maple St2-bedroom2BR,1BA$700
Hotel Maytag Apartments1 bedroom A1BR,1BA$725
Hunters RunB22BR,1BA$775
Walnut Creek Apartments2 BD Legacy2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
THE ARBORS APARTMENTS2 Bedroom 1 Bathroom - Large2BR,1BA$0.78
SUNDANCE NEWTON APARTMENTS3 Bedroom 2 Bathroom3BR,2BA$1.02
Hunters RunB22BR,1BA$0.91
Walnut Creek Apartments2 BD Legacy2BR,1BA$0.94
Southtown ApartmentsB12BR,1BA$0.96
Olive Terrace ApartmentsB12BR,1BA$1.00
Hotel Maytag Apartments1 bedroom A1BR,1BA$0.90
110 N Maple St2-bedroom2BR,1BA$0.88
Woodland Heights2 Bed 1 Bath2BR,1BA$1.04
The Reserves at South Lake1B1B1BR,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.

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Real 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.

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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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.