
Cheap Homes for Rent near Iowa Falls, IA from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Iowa Falls.


210 N Main St

919 6th St

215 N Main 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.

515 Pleasant St

5504 Kansas Dr

238 Village Dr

4008 Ontario 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.
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 | $1,220 | $750 | $2,200 |
| Iowa Falls 3 Bedroom Homes for Rent | $1,977 | $1,200 | $2,600 |
| Iowa Falls 4 Bedroom Homes for Rent | $2,028 | $1,775 | $2,395 |
| Iowa Falls 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
| Iowa Falls 6 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
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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 $599. 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 | $599 |
| Woodland Park - Eldora | Studio | Studio,1BA | $650 |
Best Value Apartments for Rent in Iowa Falls, IA and Nearby
As of July 23, 2026 the best value apartment in the Iowa Falls area is the $0.61 price per square foot 3 Bed 1 Bath Model at Pheasant Hollow Apartments in the starting from $850. The second greatest value Iowa Falls apartment is the NorthEast Model at Lincoln Tower Apartments starting at $1,550 with a $1.20 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. |
|---|---|---|---|
| Pheasant Hollow Apartments | 3 Bed 1 Bath | 3BR,1BA | $0.61 |
| Lincoln Tower Apartments | NorthEast | 2BR,2BA | $1.20 |
| The Grove | 3BR/3BA Upgraded | 3BR,3BA | $0.48 |
| Aspen Village | 2724 Stange (2 bdrm) | 2BR,2BA | $1.22 |
| East Olive Apartments | B1 | 2BR,1BA | $0.99 |
| Olive Terrace Apartments | B1 | 2BR,1BA | $0.99 |
| Pharaohs Valley | B1 | 2BR,1BA | $0.99 |
| East Park Village Apartments | 2BR Upper | 2BR,1BA | $1.22 |
| Woodland Park - Eldora | 1 BR | 1BR,1BA | $1.19 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $0.75 |
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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See the most popular apartments and homes in Iowa Falls, IA
Frequently Asked Questions about Iowa Falls
What type of rentals are currently available in Iowa Falls?
There are currently 75 Apartments for Rent in Iowa Falls, IA with pricing that ranges from $460 to $1,735. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa Falls ranging from $575 to $2,600.
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 $575 to $2,600 with an average monthly rent of $1,662.
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.

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.