Cheap Homes for Rent in Indianola, MS from $700 (5 Rentals)

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

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.

property at 1176 Wanda Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Now

1176 Wanda Dr

GreenvilleMS38703

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, MS Local Guide

Cheapest Available Indianola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Indianola, MS is a 3 Beds unit found at Delta Village Mobile Home Community priced from $650. Sunset Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $710. Here is today’s list of the most affordable Indianola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$650
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$710
Grenada Estates2x22BR,2BA$807

Best Value Apartments for Rent in Indianola, MS and Nearby

As of April 16, 2026 the best value apartment in the Indianola area is the $0.74 price per square foot 2x2 Model at Grenada Estates in the starting from $807. The second greatest value Indianola apartment is the 3 Bedroom 2 Bath STD Model at Delta Village Mobile Home Community starting at $650 with a $0.68 price per square foot . 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.
Grenada Estates2x22BR,2BA$0.74
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$0.68
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$1.35

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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.

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Cash 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Indianola, MS Area Reviews

    Rickey2+ years in Indianola

    February 7, 2026

    Nice house

    Frequently Asked Questions about Indianola

    What type of rentals are currently available in Indianola?

    There are currently 18 Apartments for Rent in Indianola, MS with pricing that ranges from $550 to $1,390. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianola ranging from $725 to $68,000.

    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 $725 to $68,000 with an average monthly rent of $17,756.

    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 $750 to $1,159, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,300. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $950.

    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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

    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.

    decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

    Maximizing Your Refund: Essential Tax Tips for Renters

    Written by: Christine Leonard, Esq.

    Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

    decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

    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.

    decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

    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.