
Cheap Homes for Rent near Iola, TX from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Iola.


1405 Magnolia Dr

9500 Mayfield Ave

1902 Dartmouth 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.

2504 Hickory Dr

9803 Risky's Ranch Dr

11351 Oak Lake Rd

1904 Dartmouth 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.
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 | $1,297 | $1,095 | $1,500 |
| Iola 3 Bedroom Homes for Rent | $1,992 | $1,350 | $4,000 |
| Iola 4 Bedroom Homes for Rent | $2,350 | $600 | $3,900 |
| Iola 5 Bedroom Homes for Rent | $18,000 | $10,000 | $10,000+ |
| Iola 6 Bedroom Homes for Rent | $4,462 | $4,200 | $4,500 |
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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 (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 |
Best Value Apartments for Rent in Iola, TX and Nearby
As of August 20, 2026 the best value apartment in the Iola area is the $1.22 price per square foot 2/2 Model at Sonoma Apartments in the in the College Station neighborhood starting from $1,300. 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. |
|---|---|---|---|
| Sonoma Apartments | 2/2 | 2BR,2BA | $1.22 |
| Lofts at Wolf Pen Creek (new) | B3 - 2BD/2BA | 2BR,2BA | $0.88 |
| Serenity at Briarcrest 55+ Active Adult | 2x1 | 2BR,1BA | $1.10 |
| Lory of College Station | FW | 2BR,1.5BA | $1.24 |
| 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 |
| Highland Villas | 1 BR 1 B | 1BR,1BA | $1.19 |
| Dwell at 1600 | A1 | 1BR,1BA | $1.23 |
| 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
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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 #260
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 45 Apartments for Rent in Iola, TX with pricing that ranges from $419 to $3,195. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iola ranging from $600 to $18,000.
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 $600 to $18,000 with an average monthly rent of $2,815.
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 $974 to $2,405, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $4,000. Four Bedroom Single-Family rentals are also available starting from $600 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

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.