
Cheap Homes for Rent in Independence, IA from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Independence.


434 W Madison

1701 Lafayette St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1422 Irish Dr

524 Adrian St

420 Water St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2006 Lafayette St
Independence, IA Local Guide

How much does it cost to rent a home in Independence?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Independence 2 Bedroom Homes for Rent | $1,109 | $700 | $2,000 |
Independence 3 Bedroom Homes for Rent | $1,321 | $750 | $1,900 |
Browse Top Homes for Rent in Independence
Explore Independence
Independence, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $643 |
Russell Lamson | Studio | Studio,1BA | $675 |
Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $675 |
Best Value Apartments for Rent in Independence, IA and Nearby
As of June 03, 2025 the best value apartment in the Independence area is the $1.00 price per square foot Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments in the starting from $1,200. The second greatest value Independence apartment is the 2BR/2.0BA Model at West Brook 3 starting at $1,150 with a $1.10 price per square foot . Here is today’s list of the best values for Independence apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pineview Place Apartments | Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... | 3BR,2BA | $1.00 |
West Brook 3 | 2BR/2.0BA | 2BR,2BA | $1.10 |
3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
Hawkeye Towers | 3/2.00 | 3BR,2BA | $0.50 |
Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.95 |
1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.03 |
The Meadows Apartments | Meadows 2Bd | 2BR,1BA | $0.92 |
124 Earl St | 2BR/1.0BA | 2BR,1BA | $1.13 |
Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.11 |
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.
Frequently Asked Questions about Independence
What type of rentals are currently available in Independence?
There are currently 48 Apartments for Rent in Independence, IA with pricing that ranges from $600 to $3,433. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Independence ranging from $525 to $2,000.
What is the current price range for Rental Homes in Independence?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Independence ranges from $525 to $2,000 with an average monthly rent of $985.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.