
Cheap Homes for Rent in Iowa Falls, IA from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Iowa Falls.


116 Shepard St

210 N Main St

919 6th St

215 N Main St
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.

5504 Kansas Dr

238 Village Dr

706 Noble St

639 2nd St

4008 Ontario St
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.
Iowa Falls, IA Local Guide

How much does it cost to rent a home in Iowa Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Iowa Falls 2 Bedroom Homes for Rent | $1,156 | $750 | $2,200 |
| Iowa Falls 3 Bedroom Homes for Rent | $1,962 | $800 | $2,795 |
| Iowa Falls 4 Bedroom Homes for Rent | $1,912 | $1,700 | $2,200 |
| Iowa Falls 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| Iowa Falls 6 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Iowa Falls
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Iowa Falls, IA Local Guide
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Cheapest Available Iowa Falls Apartments for Rent and Nearby
 The cheapest available apartment rental in Iowa Falls, IA is a 1 Bed unit found at Hubbard Maple Street Apartments priced from $460. The Grove in the Grand Junction neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $610. Here is today’s list of the most affordable Iowa Falls apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $460 |
| The Grove | 3BR/3BA Upgraded | 3BR,3BA | $610 |
| Woodland Park - Eldora | Studio | Studio,1BA | $650 |
Best Value Apartments for Rent in Iowa Falls, IA and Nearby
As of June 07, 2026 the best value apartment in the Iowa Falls area is the $0.50 price per square foot 3BR/3BA Model at The Grove in the in the Grand Junction neighborhood starting from $625. The second greatest value Iowa Falls apartment is the Villa Model at Park Place starting at $1,125 with a $1.12 price per square foot . Here is today’s list of the best values for Iowa Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Grove | 3BR/3BA | 3BR,3BA | $0.50 |
| Park Place | Villa | 3BR,1BA | $1.12 |
| Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $0.79 |
| 1108 S. 4th Street | 3 Bed/ 1.5 Bath | 3BR,1.5BA | $0.98 |
| SUNDANCE MARSHALLTOWN APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.97 |
| Cedar Village Community | 2 Bed 1 Bath | 2BR,1BA | $1.08 |
| Olive Terrace Apartments | B1 | 2BR,1BA | $1.00 |
| Pharaohs Valley | B1 | 2BR,1BA | $1.00 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $0.75 |
| Brookview Terrace | A1 | 1BR,1BA | $1.16 |
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.
Best Local Schools in Iowa Falls, IA
Iowa Falls - Alden High School
Riverbend Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Iowa Falls
What type of rentals are currently available in Iowa Falls?
There are currently 74 Apartments for Rent in Iowa Falls, IA with pricing that ranges from $460 to $1,735. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa Falls ranging from $495 to $2,795.
What is the current price range for Rental Homes in Iowa Falls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Iowa Falls ranges from $495 to $2,795 with an average monthly rent of $1,675.
How much are larger Three and Four Bedroom Rentals in Iowa Falls?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Iowa Falls range from $610 to $1,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,795. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $910.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.