Cheap Apartments for Rent in Independence, IA from $300 (39 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Independence.

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.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
Meadow Ridge Apartments
1 to 3 Bedroom Apartments

Meadow Ridge Apartments

765-791 Russell RdWaterloo, IA 50701
  • Utilities Included
close
View Me
Le Chateau
1 to 2 Bedroom Apartments

Le Chateau

733-747 Russell RdWaterloo, IA 50701
  • Utilities Included
close
View Me
1637 Carriage Hill
2 Bedroom Apartments

1637 Carriage Hill

1637 Carriage Hill DrWaterloo, IA 50701
close
View Me
124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707

The 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 Article
close
View Me
Westwood Apartments
2 Bedroom Apartments

Westwood Apartments

3270-3320 W 4th StWaterloo, IA 50701
  • Utilities Included

Cash 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 Article
Showing Results 1-39, Page 1 of 1

Independence, IA Local Guide

Cheapest Available Independence Apartments for Rent and Nearby

 

The cheapest available apartment rental in Independence, IA is a 1 Bed unit found at Prairie Village of LaPorte City priced from $643. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Independence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Russell LamsonStudioStudio,1BA$675
The Meadows ApartmentsQuads 2Bd2BR,1BA$700
Le Chateau1BR/1.0BA1BR,1BA$725
Urban Edge Apartments1 BR/ 1 BA1BR,1BA$750
1106-1110 Kent CircleUpdated Cozy 1 Bedroom / 1 Bath Apartment in SW...1BR,1BA$750
1224-1282 W Mullan Ave3 BR/ 1 BA3BR,1BA$775
228 Spaces - Furnished Micro-Living Apartments2nd Floor StudioStudio,1BA$795
Falls Edge StudiosStudio BStudio,1BA$850
1150 Home Park Blvd2BR/1.0BA2BR,1BA$850

Best Value Apartments for Rent in Independence, IA and Nearby

As of September 09, 2025 the best value apartment in the Independence area is the $1.01 price per square foot LS 3x1.5 Model at Lantern Square Apartments in the starting from $1,300. The second greatest value Independence apartment is the 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave starting at $775 with a $0.70 price per square foot in the Downtown Waterloo neighborhood. Here is today’s list of the best values for Independence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lantern Square ApartmentsLS 3x1.53BR,1.5BA$1.01
1224-1282 W Mullan Ave3 BR/ 1 BA3BR,1BA$0.70
Hawkeye Towers4BR/2BA4BR,2BA$0.35
West Brook 32BR/2.0BA2BR,2BA$1.10
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.10
Pineview Place Apartments2 Bedroom/1 Bath2BR,1BA$1.03
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
2557 W 3rd St2 BR/ 1 BA2BR,1BA$1.18
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.09
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Independence, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Independence, IA

View Map
Independence, IA Apartments Map
View Map
Independence, IA Rental Homes Map

Getting Around Independence, IA

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Independence Apartments

What is the Cheapest Studio apartment in Independence?

Currently the most affordable Cheap Studio Apartment in Independence is at Russell Lamson listed at $675.

How much is rent for a Cheap One Bedroom Independence Apartment?

The lowest price for a Cheap One Bedroom Independence Apartment is $643 at Prairie Village of LaPorte City.

What is the lowest price for a Cheap Two Bedroom Independence Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Independence is starting from $700 at The Meadows Apartments.

What is the most affordable Independence Three Bedroom Apartment?

The best deal on a cheap Independence Three Bedroom Apartment rental is at The Meadows Apartments and starts from $750.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.