
Cheap Homes for Rent in Grinnell, IA from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Grinnell.


726 E 8th St N

806 N Roche 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.

1022 1st Ave W

711 NE 7th St

1616 5th 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.

702 S 4th St
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 | $1,380 | $985 | $1,950 |
| Grinnell 3 Bedroom Homes for Rent | $1,872 | $1,100 | $2,950 |
| Grinnell 4 Bedroom Homes for Rent | $2,382 | $1,500 | $2,995 |
| Grinnell 5 Bedroom Homes for Rent | $2,338 | $1,690 | $3,595 |
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: 06/18/2026Current 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 | $1,710 | $1,100 | 1 |
| West Towne | $1,710 | $1,100 | 1 |
Cheapest Available Grinnell Apartments for Rent and Nearby
 The cheapest available apartment rental in Grinnell, IA is a 2 Beds unit found at 110 N Maple St priced from $700. 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 |
|---|---|---|---|
| 110 N Maple St | 2-bedroom | 2BR,1BA | $700 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
| Parkside Luxury Apartments | S1 Ava | Studio,1BA | $750 |
Best Value Apartments for Rent in Grinnell, IA and Nearby
As of June 18, 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 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 | 2 Bedroom 1 Bathroom - Large | 2BR,1BA | $0.78 |
| Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
| Southtown Apartments | B1 | 2BR,1BA | $0.94 |
| SUNDANCE MARSHALLTOWN APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.97 |
| Olive Terrace Apartments | B1 | 2BR,1BA | $0.98 |
| Pharaohs Valley | B1 | 2BR,1BA | $0.98 |
| East Olive Apartments | B1.5 | 2BR,1.5BA | $0.93 |
| 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 |
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!
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 75 Apartments for Rent in Grinnell, IA with pricing that ranges from $395 to $3,316. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grinnell ranging from $725 to $3,595.
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 $725 to $3,595 with an average monthly rent of $1,755.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.