Cheap Apartments for Rent in Indianola, IA from $600 (55 Rentals)

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Van-El Apartments
2 Bedroom Apartments

Van-El Apartments

300-308 S J StIndianola, IA 50125
  • Utilities Included

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.

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North American
2 to 3 Bedroom Apartments

North American

1 Johns StIndianola, IA 50125

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.

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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.

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South View Apartments
1 Bedroom Apartments

South View Apartments

4221 SE 13th StDes Moines, IA 50315
  • Utilities Included
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6920 SW 9th St
2 Bedroom Apartments

6920 SW 9th St

6920 SW 9th StDes Moines, IA 50315

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.

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Southridge Senior Lofts
1 to 2 Bedroom Apartments

Southridge Senior Lofts

695 E Army Post RdDes Moines, IA 50315
Senior Living
  • Utilities Included
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The Meadows
2 to 4 Bedroom Apartments

The Meadows

7500 Meadowlands DrDes Moines, IA 50320
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Stanton Apartments
1 to 2 Bedroom Apartments

Stanton Apartments

2200 Stanton AveDes Moines, IA 50321
  • Utilities Included

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.

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Indianola, IA Local Guide

Cheapest Available Indianola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Indianola, IA is a 1 Bed unit found at Valley Acres Apartments in the Southwest Des Moines neighborhood priced from $650. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Indianola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$650
Foxwood ApartmentsA11BR,1BA$700
Sunset Apartments1 bedroom,Studio,1BA$725
The Hampton Meadows1 Bedroom1BR,1BA$750
MelbourneA1 - 40 - Income Restricted1BR,1BA$773
The Ridges2 Bedroom Regular2BR,1BA$780
Indianola Park II Apartments1BR Upper1BR,1BA$780
Fish CreekB1 - Classic2BR,1BA$825
Next Level Apartments - Easton VillageB12BR,1BA$833
Rosemont PlaceB12BR,1BA$837

Best Value Apartments for Rent in Indianola, IA and Nearby

As of July 10, 2026 the best value apartment in the Indianola area is the $1.00 price per square foot 3 bed 2 bath Model at Sunset Terrace in the in the Easton Park neighborhood starting from $1,220. The second greatest value Indianola apartment is the C1 Model at Rosemont Place starting at $1,175 with a $1.08 price per square foot in the Southeast Des Moines neighborhood. Here is today’s list of the best values for Indianola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Terrace3 bed 2 bath3BR,2BA$1.00
Rosemont PlaceC13BR,2BA$1.08
The Meadows3 Bedroom3BR,2BA$0.95
Fort Des Moines2-Bedroom2BR,2BA$0.97
Next Level Apartments - Easton VillageC13BR,1BA$0.91
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.93
Evergreen Terrace2BR/1BA-Updated2BR,1BA$1.00
Linden East ApartmentsTwo Bed2BR,1BA$1.00
The Ridges2 Bedroom Regular2BR,1BA$0.89
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$1.00

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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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.

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Best Local Schools in
Indianola, IA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Indianola Apartments

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

The lowest price for a Cheap One Bedroom Indianola Apartment is $650 at Valley Acres Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Indianola is starting from $775 at Sunset Apartments.

What is the most affordable Indianola Three Bedroom Apartment?

The best deal on a cheap Indianola Three Bedroom Apartment rental is at Next Level Apartments - Easton Village and starts from $906.

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

decorative image for A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa article

A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

Written by: Joseph Isenberg

I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

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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.

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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.