
Cheap Apartments for Rent near Iola, TX from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Iola.


Flats on 12

The Grand 1501

Huntington Apartments

The Ivy

The Gables Apartments

Arbor Square Apartments

Redstone Apartments

Sundance and Sausalito
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.

Pepper Tree

Landmark

Tower Park Apartments

Total Monthly Price
Lory of College Station

Sonoma Apartments

Serenity at Briarcrest

Cedar Creek Apartments

The Element at University Park

Signature Park
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.

Crescent Pointe Apartments

The Bend at Crescent Pointe

Residence at Oakmont Apartments

Total Monthly Price
The Ridge

Total Monthly Price
21 Gramercy Park

The Curve at Crescent Pointe

Nine50 Town Lake at Midtown

The Huntington at College Station -55+ Living

Hudson Trails Apartments
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.

Total Monthly Price
Oakwood Crossing

1720 at Harvey

AUGUST PRE-LEASE!!! 3 Bedroom 2 Bathroom Duplex on Bus Route

Caprock Crossing

Total Monthly Price
Parcside Townhomes

Eastmark Apartments

Heritage at Dartmouth

Anderson Point Apartments

9500 Mayfield 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.

Broadstone Ranch at Wolf Pen Creek

3604 Comanche

3609 Mahan St

Falcon Point Condos

Flora 4050

Wolf Creek Condos

1902 Dartmouth St

9803 Risky's Ranch Dr

9871 Risky's Ranch Dr
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.

1904 Dartmouth N4
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 | $737 | $685 | $839 |
| Iola 1 Bedroom Apartments | $1,153 | $599 | $2,495 |
| Iola 2 Bedroom Apartments | $1,239 | $499 | $3,195 |
| Iola 3 Bedroom Apartments | $1,123 | $599 | $2,175 |
| Iola 4 Bedroom Apartments | $619 | $419 | $2,300 |
Browse Top Apartments in Iola
See all Apartments in IolaExplore Iola
Iola, TX Local Guide
- Nearby Cities
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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 Fields Of Runnymede neighborhood priced from $419. Dwell at 1600 in the Southwood Valley neighborhood has the second lowest priced unit, which is a 3 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 | C1 | 3BR,2BA | $599 |
| Flats on 12 | S1 | Studio,1BA | $685 |
| The Grand 1501 | Studio 1 Bath | Studio,1BA | $699 |
| Highland Villas | 1 BR 1 B | 1BR,1BA | $754 |
| The Ivy | 1 Bed 1 Bath 670 | 1BR,1BA | $785 |
| The Gables Apartments | 1x1 | 1BR,1BA | $799 |
| Arbor Square Apartments | One Bedroom / One bath | 1BR,1BA | $829 |
| Redstone Apartments | 2/1 B | 2BR,1BA | $829 |
| Sundance and Sausalito | Sausalito 1x1 | 1BR,1BA | $854 |
Best Value Apartments for Rent in Iola, TX and Nearby
As of July 13, 2026 the best value apartment in the Iola area is the $1.22 price per square foot B3 Model at Parcside Townhomes in the in the Fields Of Runnymede neighborhood starting from $1,601. The second greatest value Iola apartment is the 2/2 Model at Sonoma Apartments starting at $1,300 with a $1.22 price per square foot in the Fields Of Runnymede 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. |
|---|---|---|---|
| Parcside Townhomes | B3 | 2BR,2BA | $1.22 |
| Sonoma Apartments | 2/2 | 2BR,2BA | $1.22 |
| Serenity at Briarcrest | 1x1 Sunroom | 1BR,1BA | $1.27 |
| Lofts at Wolf Pen Creek (new) | B1 - 2BD/2BA | 2BR,2BA | $0.93 |
| The Enclave | B1 | 2BR,2BA | $0.75 |
| Lory of College Station | J | 2BR,1.5BA | $1.18 |
| Redstone Apartments | 2/1 B | 2BR,1BA | $1.03 |
| Anderson Point Apartments | 2x1 | 2BR,1BA | $1.16 |
| Highland Villas | 1 BR 1 B | 1BR,1BA | $1.08 |
| Dwell at 1600 | A1 | 1BR,1BA | $0.92 |
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 #247
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 Flats on 12 listed at $685.
How much is rent for a Cheap One Bedroom Iola Apartment?
The lowest price for a Cheap One Bedroom Iola Apartment is $599 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 $599.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.