Cheap Homes for Rent in Indianola, IA from $900 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Indianola.

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.

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.

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 Melbourne in the Southeast Des Moines neighborhood priced from $545. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $638. Here is today’s list of the most affordable Indianola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MelbourneA1 - 40 - Income Restricted1BR,1BA$545
Foxwood ApartmentsB22BR,1BA$638
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$725
SomersetB12BR,1BA$750
East Park Apartments1/2 Story Down2BR,1BA$750

Best Value Apartments for Rent in Indianola, IA and Nearby

As of June 26, 2025 the best value apartment in the Indianola area is the $0.91 price per square foot 3 Bedroom Model at The Meadows in the in the Somerset neighborhood starting from $950. The second greatest value Indianola apartment is the 2 Bedroom Model at Magnolia Manor Apartments and Townhomes starting at $850 with a $0.89 price per square foot in the Southwest 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.
The Meadows3 Bedroom3BR,2BA$0.91
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.89
Linden East ApartmentsTwo Bed2BR,1BA$1.00
The RidgesB1 - Deluxe2BR,1BA$1.07
Foxwood ApartmentsB12BR,1BA$0.87
SomersetB22BR,1BA$1.05
Next Level Apartments - Deer RunB12BR,1BA$1.03
SunburstTwo Bedroom-One Bath2BR,1BA$1.11
Willow Bend1 Bedroom1BR,1BA$1.13
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$1.12

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Frequently Asked Questions about Indianola

What type of rentals are currently available in Indianola?

There are currently 68 Apartments for Rent in Indianola, IA with pricing that ranges from $545 to $2,650. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianola ranging from $950 to $2,850.

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 $950 to $2,850 with an average monthly rent of $1,940.

How much are larger Three and Four Bedroom Rentals in Indianola?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Indianola range from $950 to $1,921, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $2,650.

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 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.