
Cheap Homes for Rent in Indianola, IA from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Indianola.


1018 Lewis Ave

904 Randolph St

5104 SW 9th St

217 Loomis Ave
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.

45 Lincoln Ave

411 E McKinley Ave

3422 SW 8th St

122 McKinley Ave

1925 SE King Ave
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.

407 Hart Ave
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 | $1,140 | $850 | $2,200 |
| Indianola 3 Bedroom Homes for Rent | $1,741 | $1,095 | $3,095 |
| Indianola 4 Bedroom Homes for Rent | $1,952 | $1,650 | $2,650 |
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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 Foxwood Apartments in the Easton Park neighborhood priced from $594. Valley Acres Apartments in the Southwest Des Moines neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Indianola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Foxwood Apartments | A1 | 1BR,1BA | $594 |
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $650 |
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $653 |
| Melbourne | B7 - 40 - Income Restricted | 2BR,2BA | $682 |
| The Hampton Meadows | A1 - Renovated | 1BR,1BA | $750 |
Best Value Apartments for Rent in Indianola, IA and Nearby
As of January 31, 2026 the best value apartment in the Indianola area is the $1.00 price per square foot 3 Beds, 2 baths Model at Sunset Terrace in the in the Easton Park neighborhood starting from $1,220. The second greatest value Indianola apartment is the 2-Bedroom Model at Fort Des Moines starting at $975 with a $0.97 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Terrace | 3 Beds, 2 baths | 3BR,2BA | $1.00 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Magnolia Manor Apartments and Townhomes | 2 Bedroom | 2BR,1BA | $0.89 |
| Willow Bend | 2 Bedroom 2 Bath | 2BR,2BA | $0.98 |
| Evergreen Terrace | 2BR/1BA-Updated | 2BR,1BA | $1.00 |
| The Ridges | B1 - Renovated | 2BR,1BA | $0.99 |
| Dennis Park Apartments | B1 | 2BR,1BA | $0.94 |
| Deer Run Apartments | B1 | 2BR,1BA | $0.95 |
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.00 |
| Foxwood Apartments | A1 | 1BR,1BA | $0.95 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 71 Apartments for Rent in Indianola, IA with pricing that ranges from $594 to $1,965. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianola ranging from $655 to $3,095.
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 $3,095 with an average monthly rent of $1,490.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.