
Cheap Homes for Rent in Iola, TX from $400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Iola.


AVAILABLE FOR AUGUST MOVE IN!!! Spacious

AUGUST PRE-LEASE! Spacious 2 Bedroom 2 Ba

11351 Oak Lake Rd

2807 Wildflower Dr

9939 Risky's Ranch Dr

1451 Associates 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.

11357 Oak Lake Rd

6475 FM 244

August 2026 Pre-Lease - 1 Mile to TAMU!

3917 Seminole Ct

405 Forest Dr Loop

140 Forest Dr

Adorable 3 Bed/2Bath Townhome Pre-Leasing
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.
Iola, TX Local Guide

How much does it cost to rent a home in Iola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Iola 2 Bedroom Homes for Rent | $1,558 | $1,400 | $1,850 |
| Iola 3 Bedroom Homes for Rent | $2,166 | $1,595 | $3,000 |
| Iola 4 Bedroom Homes for Rent | $2,885 | $2,100 | $4,000 |
| Iola 5 Bedroom Homes for Rent | $3,295 | $3,195 | $3,395 |
| Iola 6 Bedroom Homes for Rent | $4,550 | $4,200 | $6,000 |
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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 in the Fields Of Runnymede neighborhood priced from $419. The Grand 1501 in the Fields Of Runnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. 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 | B4 - 4BD/2BA (Dbl Occ) | 4BR,2BA | $419 |
| The Grand 1501 | 1 Bed 1 Bath A | 1BR,1BA | $699 |
| Flats on 12 | A2 | 1BR,1BA | $750 |
| The Ivy | 1 Bed 1 Bath L 600 | 1BR,1BA | $799 |
| Dwell at 1600 | A1 | 1BR,1BA | $830 |
Best Value Apartments for Rent in Iola, TX and Nearby
As of December 10, 2025 the best value apartment in the Iola area is the $1.19 price per square foot B2 Model at Parcside Townhomes in the in the Fields Of Runnymede neighborhood starting from $1,288. 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 | B2 | 2BR,2BA | $1.19 |
| Sonoma Apartments | 2/2 | 2BR,2BA | $1.22 |
| Highland Villas | 2 BR 2 B | 2BR,2BA | $1.07 |
| Cedar Creek Apartments | Brook | 2BR,1.5BA | $1.03 |
| Lofts at Wolf Pen Creek | B1 - 2BD/2BA | 2BR,2BA | $0.85 |
| Lory of College Station | FW | 2BR,1.5BA | $1.11 |
| Serenity at Briarcrest | 1x1 | 1BR,1BA | $1.18 |
| Sundance and Sausalito | Sundance 2x1.5 | 2BR,1BA | $1.23 |
| Anderson Point Apartments | 2x1 | 2BR,1BA | $1.16 |
| Flats on 12 | A2 | 1BR,1BA | $1.17 |
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
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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 #333
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!
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Frequently Asked Questions about Iola
What type of rentals are currently available in Iola?
There are currently 43 Apartments for Rent in Iola, TX with pricing that ranges from $419 to $3,195. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iola ranging from $475 to $6,000.
What is the current price range for Rental Homes in Iola?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Iola ranges from $475 to $6,000 with an average monthly rent of $2,488.
How much are larger Three and Four Bedroom Rentals in Iola?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Iola range from $659 to $2,205, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $419.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.