Cheap Apartments for Rent in Magnolia, IA from $500 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Magnolia.

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Magnolia, IA Local Guide

Cheapest Available Magnolia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Magnolia, IA is a Studio unit found at Dana Village priced from $536. Keystone Ridge in the Benson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dana VillageS3Studio,1BA$536
Keystone RidgeOne Bedroom1BR,1BA$695
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Cottonwood Apartments1X1B1BR,1BA$830

Best Value Apartments for Rent in Magnolia, IA and Nearby

As of October 15, 2025 the best value apartment in the Magnolia area is the $1.12 price per square foot 2 Bed, 2 Bath Model at Standing Bear Lake Apartments in the in the Northwest Omaha neighborhood starting from $1,545. The second greatest value Magnolia apartment is the 3 Bedroom Model at Residences at Sorensen Square starting at $1,300 with a $1.08 price per square foot in the North Omaha neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Standing Bear Lake Apartments2 Bed, 2 Bath2BR,2BA$1.12
Residences at Sorensen Square3 Bedroom3BR,2BA$1.08
GrandridgeArcadia II2BR,2BA$1.10
Kimberly Manor2x1a2BR,1BA$0.97
Riverbend - Newly Renovated! Call today!Two Bedroom / 1 Bath2BR,1BA$1.10
Beacon HillOne Bedroom 11B1BR,1BA$1.10
Warwick Apartments1 Bed, 1 bath1BR,1BA$1.08
Dana VillageS1BStudio ,1BA$0.79
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
Keystone RidgeOne Bedroom1BR,1BA$1.11

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Getting Around Magnolia, IA

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Magnolia Apartments

What is the Cheapest Studio apartment in Magnolia?

Currently the most affordable Cheap Studio Apartment in Magnolia is at Dana Village listed at $536.

How much is rent for a Cheap One Bedroom Magnolia Apartment?

The lowest price for a Cheap One Bedroom Magnolia Apartment is $561 at Dana Village.

What is the lowest price for a Cheap Two Bedroom Magnolia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $925 at Residences at Sorensen Square.

What is the most affordable Magnolia Three Bedroom Apartment?

The best deal on a cheap Magnolia Three Bedroom Apartment rental is at Hidden Bluffs Apartments and starts from $1,195.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.