
Cheap Apartments for Rent near Iola, TX from $419 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Iola.


Flats on 12

The Grand 1501

The Gables Apartments

The Ivy

Arbor Square Apartments

Huntington Apartments

Sundance and Sausalito
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.

Redstone Apartments

Landmark

Pepper Tree

Total Monthly Price
Lory of College Station

Sonoma Apartments

Tower Park Apartments

Serenity at Briarcrest 55+ Active Adult

Cedar Creek Apartments
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.

Total Monthly Price
The Ridge

The Element at University Park

Signature Park

Crescent Pointe Apartments

The Bend at Crescent Pointe

Total Monthly Price
21 Gramercy Park

The Curve at Crescent Pointe

Total Monthly Price
Oakwood Crossing
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.

Residence at Oakmont Apartments

Hudson Trails Apartments

Nine50 Town Lake at Midtown

1720 at Harvey

Huntington at College Station

107 Forest Dr Loop

1405 Magnolia Dr

Eastmark Apartments
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.

Heritage at Dartmouth

Anderson Point Apartments

1902 Dartmouth St

9500 Mayfield Ave

Broadstone Ranch at Wolf Pen Creek

Falcon Point Condos

Flora 4050

Wolf Creek Condos
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.

2504 Hickory Dr

9803 Risky's Ranch Dr
Iola, TX Local Guide

How much does it cost to rent an apartment in Iola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Iola Studio Apartments | $735 | $685 | $799 |
| Iola 1 Bedroom Apartments | $1,149 | $599 | $2,595 |
| Iola 2 Bedroom Apartments | $1,307 | $499 | $3,195 |
| Iola 3 Bedroom Apartments | $1,662 | $1,158 | $2,405 |
| Iola 4 Bedroom Apartments | $659 | $419 | $2,300 |
Browse Top Apartments in Iola
See all Apartments in IolaExplore Iola
Iola, TX Local Guide
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Cheapest Available Iola Apartments for Rent and Nearby
 The cheapest available apartment rental in Iola, TX is a 4 Beds unit found at Lofts at Wolf Pen Creek (new) in the College Station neighborhood priced from $419. Dwell at 1600 in the College Station neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $599. Here is today’s list of the most affordable Iola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lofts at Wolf Pen Creek (new) | B4 - 4BD/2BA (Dbl Occ) | 4BR,2BA | $419 |
| Dwell at 1600 | B2 | 2BR,1BA | $599 |
| The Grand 1501 | Studio 1 Bath | Studio,1BA | $699 |
| The Gables Apartments | Studio | Studio,1BA | $739 |
| Flats on 12 | A1 | 1BR,1BA | $755 |
| The Ivy | 1 Bed 1 Bath 670 | 1BR,1BA | $760 |
| Arbor Square Apartments | One Bedroom / One bath | 1BR,1BA | $799 |
| Sundance and Sausalito | Sundance 1x1 | 1BR,1BA | $815 |
| Redstone Apartments | 2/1 B | 2BR,1BA | $829 |
| Highland Villas | 1 BR 1 B | 1BR,1BA | $836 |
Best Value Apartments for Rent in Iola, TX and Nearby
As of August 28, 2026 the best value apartment in the Iola area is the $1.02 price per square foot Special Program Model at Cedar Creek Apartments in the in the College Station neighborhood starting from $1,045. The second greatest value Iola apartment is the B3 - 2BD/2BA Model at Lofts at Wolf Pen Creek (new) starting at $899 with a $0.88 price per square foot in the College Station neighborhood. Here is today’s list of the best values for Iola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Creek Apartments | Special Program | 2BR,1.5BA | $1.02 |
| Lofts at Wolf Pen Creek (new) | B3 - 2BD/2BA | 2BR,2BA | $0.88 |
| Serenity at Briarcrest 55+ Active Adult | 2x1 | 2BR,1BA | $1.10 |
| Redstone Apartments | 2/1 B | 2BR,1BA | $1.03 |
| Anderson Point Apartments | 2x1 | 2BR,1BA | $1.19 |
| Pepper Tree | Two Bed / Two Bath | 2BR,1.5BA | $1.25 |
| Sonoma Apartments | 1/1 | 1BR,1BA | $1.23 |
| Highland Villas | 1 BR 1 B | 1BR,1BA | $1.19 |
| Dwell at 1600 | A1 | 1BR,1BA | $1.08 |
| Arbor Square Apartments | One Bedroom / One bath | 1BR,1BA | $1.30 |
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 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.
Pet Friendly LifestyleIola, TX
Ranked #267
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Iola, TX Rentals by Map
See the most popular apartments and homes in Iola, TX
Frequently Asked Questions about Cheap Iola Apartments
What is the Cheapest Studio apartment in Iola?
Currently the most affordable Cheap Studio Apartment in Iola is at The Grand 1501 listed at $699.
How much is rent for a Cheap One Bedroom Iola Apartment?
The lowest price for a Cheap One Bedroom Iola Apartment is $699 at Dwell at 1600.
What is the lowest price for a Cheap Two Bedroom Iola Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Iola is starting from $499 at Lofts at Wolf Pen Creek (new).
What is the most affordable Iola Three Bedroom Apartment?
The best deal on a cheap Iola Three Bedroom Apartment rental is at Dwell at 1600 and starts from $799.
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.

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.

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.