Cheap Apartments for Rent in Magnolia, IA from $500 (15 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 $725. 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$725
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 August 05, 2025 the best value apartment in the Magnolia area is the $1.08 price per square foot 3 Bedroom Model at Residences at Sorensen Square in the in the North Omaha neighborhood starting from $1,300. The second greatest value Magnolia apartment is the Two Bedroom Townhome Model at The Bluffs at Cherry Hills starting at $1,441 with a $1.27 price per square foot in the Northwest 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.
Residences at Sorensen Square3 Bedroom3BR,2BA$1.08
The Bluffs at Cherry HillsTwo Bedroom Townhome2BR,2BA$1.27
Deer ParkPrairie2BR,2BA$1.30
The BluffsTwo Bedroom 1st Floor2BR,1BA$1.05
Beacon HillOne Bedroom 11B1BR,1BA$1.08
Larimore Senior ResidencesOne Bed/One Bath - 50%1BR,1BA$1.28
Keystone Park Apartments - Benson1 bedroom / 1 bath - Tenant Pays Utils..1BR,1BA$1.21
Warwick Apartments1 Bed, 1 bath1BR,1BA$1.23
Dana VillageS1BStudio ,1BA$0.79
Keystone RidgeOne Bedroom1BR,1BA$1.16

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Magnolia, IA Rentals by Map

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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 Featherstone Apartments and starts from $1,200.

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.