Cheap Homes for Rent in Indianola, IA from $500 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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.

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 $706. 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 ApartmentsA21BR,1BA$706
Sunset Apartments1 bedroom,Studio,1BA$725
The Ridges1 Bedroom1BR,1BA$740
Indianola Park II Apartments1BR Upper1BR,1BA$750

Best Value Apartments for Rent in Indianola, IA and Nearby

As of August 07, 2026 the best value apartment in the Indianola area is the $1.06 price per square foot 3 Bedroom Model at The Vineyards in the in the Southeast Des Moines neighborhood starting from $1,295. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Vineyards3 Bedroom3BR,2BA$1.06
The Meadows3 Bedroom3BR,2BA$0.95
Fort Des Moines2-Bedroom2BR,2BA$0.97
Next Level Apartments - Easton VillageC13BR,1BA$0.88
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.93
Evergreen Terrace2BR/1BA-Updated2BR,1BA$1.00
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Deer Run ApartmentsB12BR,1BA$1.03
Dennis Park ApartmentsB12BR,1BA$1.05
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Indianola, IA Rentals by Map

View Map
Indianola, IA Apartments Map
View Map
Indianola, IA Rental Homes Map

Frequently Asked Questions about Indianola

What type of rentals are currently available in Indianola?

There are currently 71 Apartments for Rent in Indianola, IA with pricing that ranges from $650 to $2,058. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianola ranging from $550 to $2,350.

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 $550 to $2,350 with an average monthly rent of $1,484.

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.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.