
Cheap Homes for Rent in Indianola, IA from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Indianola.


713 20th St

1211 Lewis Ave

604 Broad 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.

1321 Army Post Rd

30 E Kirkwood Ave

2000 Meadow Ct

1525 Des Moines St
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.
Indianola, IA Local Guide

How much does it cost to rent a home in Indianola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianola 2 Bedroom Homes for Rent | $1,289 | $950 | $1,900 |
| Indianola 3 Bedroom Homes for Rent | $1,739 | $1,195 | $2,495 |
| Indianola 4 Bedroom Homes for Rent | $1,914 | $1,550 | $2,395 |
| Indianola 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Top Homes for Rent in Indianola
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Indianola, IA Local Guide
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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 $722. Here is today’s list of the most affordable Indianola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $650 |
| Foxwood Apartments | A1 | 1BR,1BA | $722 |
| Sunset Apartments | Studio, 1 ba | Studio,1BA | $725 |
Best Value Apartments for Rent in Indianola, IA and Nearby
As of May 08, 2026 the best value apartment in the Indianola area is the $1.05 price per square foot 2 bed 2 bath w/out laundry Model at Linden West in the in the Easton Park neighborhood starting from $1,100. The second greatest value Indianola apartment is the 3 Bedroom Model at The Meadows starting at $995 with a $0.95 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Indianola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Linden West | 2 bed 2 bath w/out laundry | 2BR,2BA | $1.05 |
| The Meadows | 3 Bedroom | 3BR,2BA | $0.95 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Magnolia Manor Apartments and Townhomes | 2 Bedroom | 2BR,1BA | $0.93 |
| Evergreen Terrace | 2BR/1BA-Updated | 2BR,1BA | $1.00 |
| Linden East Apartments | Two Bed | 2BR,1BA | $1.00 |
| Dennis Park Apartments | B1 | 2BR,1BA | $1.05 |
| Deer Run Apartments | B1 | 2BR,1BA | $1.07 |
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.00 |
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $1.07 |
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 Indianola, IA
Irving Elementary School
Indianola High School
Indianola Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Indianola
What type of rentals are currently available in Indianola?
There are currently 69 Apartments for Rent in Indianola, IA with pricing that ranges from $650 to $1,965. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianola ranging from $655 to $2,495.
What is the current price range for Rental Homes in Indianola?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Indianola ranges from $655 to $2,495 with an average monthly rent of $1,533.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.