
Cheap Homes for Rent near Indianola, IL from $425 (38 Rentals)
Search the lowest-cost Homes available for rent right now in Indianola.


503.5 N Collett St

1114 N Gilbert St

1206.5 Robinson St

630 South St

1112 N Gilbert St

802 Bryan Ave

504 N Franklin St

1224 Marion St
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.

327 Robinson St

1205.5 Marion St

42 Schultz St

425 N Vermilion St

125 N Scott St

1008 N Vermilion St

1404 E Main St

2403 E Main St

1135 N Jackson St
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.

625.5 Commercial St

1210 Sherman St

410 Grant St

230 Tennessee Ave

11 Kentucky Ave

102 Elmwood Ave

715 W Woodbury St

92 Lake St

605 Pixley St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1115 Harmon St

413 N Beard St

228 Delaware Ave

905 N Jackson St

25 S Alexander St

411 N Beard St

230 Virginia Dr

59 Juliana Dr

6 National
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.

1203 Cleveland Ave

13 S Alexander St
Indianola, IL 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 | $698 | $495 | $1,075 |
| Indianola 3 Bedroom Homes for Rent | $850 | $475 | $1,095 |
| Indianola 4 Bedroom Homes for Rent | $1,122 | $895 | $1,350 |
| Indianola 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Top Homes for Rent in Indianola
Explore Indianola
Indianola, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Indianola Apartments for Rent and Nearby
 The cheapest available apartment rental in Indianola, IL is a 2 Beds unit found at Sycamore Estates priced from $225. Brook Haven Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Indianola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sycamore Estates | Mobile Home Lot | 2BR,1BA | $225 |
| Brook Haven Apartments | Studio | Studio,1BA | $525 |
| The Verander | Studio | Studio,1BA | $650 |
| Wabash Shore Apartments | 2BR/1.0BA | 2BR,1BA | $799 |
| 2008 S Vawter St | 4 Beds | 4BR,2BA | $800 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| Philo Estates Apartments | 2BR, 1BA | 2BR,1BA | $825 |
| Eastland Apartments | Studio Apartment | Studio,1BA | $845 |
| Prairie Green Apartment Homes | 2 x 1 | 2BR,1BA | $850 |
| Urbana Estates | 2X1Urbana Estates | 2BR,1BA | $900 |
Best Value Apartments for Rent in Indianola, IL and Nearby
As of September 10, 2026 the best value apartment in the Indianola area is the $1.26 price per square foot 3 Bedroom / 2.5 Bath - Floorplan F Model at 200 Vine St in the starting from $2,200. The second greatest value Indianola apartment is the D2 Model at Campus Circle Urbana starting at $899 with a $0.66 price per square foot in the Downtown Champaign 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. |
|---|---|---|---|
| 200 Vine St | 3 Bedroom / 2.5 Bath - Floorplan F | 3BR,2.5BA | $1.26 |
| Campus Circle Urbana | D2 | 4BR,4BA | $0.66 |
| Devonshire Village | 2 Bed 2 Bath Sm Apt | 2BR,2BA | $1.09 |
| 2008 S Vawter St | 3 Beds | 3BR,1BA | $0.97 |
| Sycamore Estates | Mobile Home Rental | 3BR,1BA | $0.67 |
| Urbana Estates | 2X1Urbana Estates | 2BR,1BA | $1.07 |
| Prairie Green Apartment Homes | 2 x 1 | 2BR,1BA | $1.02 |
| Element on Main | 2x1 | 2BR,1BA | $1.31 |
| Philo Estates Apartments | 2BR, 1BA | 2BR,1BA | $1.11 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $1.33 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Indianola, IL Rentals by Map
See the most popular apartments and homes in Indianola, IL
Frequently Asked Questions about Indianola
What type of rentals are currently available in Indianola?
There are currently 50 Apartments for Rent in Indianola, IL with pricing that ranges from $225 to $2,787. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianola ranging from $425 to $2,400.
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 $425 to $2,400 with an average monthly rent of $772.
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 $600 to $2,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $475 to $1,095. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $785.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.