Cheap Apartments for Rent near Menlo, IA from $400 (35 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
The Bridges
1 to 2 Bedroom Apartments

The Bridges

1111 N 8th AveWinterset, IA 50273
  • Utilities Included
close
View Me
800 State Street
2 Bedroom Apartments

800 State Street

800 State StGuthrie Center, IA 50115

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.

Read Article
Showing Results 1-35, Page 1 of 1

Menlo, IA Local Guide

Cheapest Available Menlo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Menlo, IA is a 1 Bed unit found at Valley Railroad Apartments in the Dallas County neighborhood priced from $495. Brick Towne at Prairie Crossing in the Glynn Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Menlo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley Railroad Apartments1 Bedroom1BR,1BA$495
Brick Towne at Prairie CrossingStudioStudio,1BA$725
SUGAR CREEK APARTMENTS1 BED 1 BATH1BR,1BA$800
Brick Towne at Waukee Central 432 Southeast Laurel Street1 Bedroom, 1 Bathroom1BR,1BA$850
Sunrise Valley Trails Apartments2 bed2BR,1BA$855
Windfield West1 Bedroom1BR,1BA$855
William Pointe by KadingVilla3BR,1BA$925
Country Court Apartments - Waukee2brtotalremodel2BR,1BA$970
Alice PatriciaAndre1BR,1BA$975
The Pitch1 Bedroom 1 Bedroom1BR,1BA$995

Best Value Apartments for Rent in Menlo, IA and Nearby

As of August 19, 2026 the best value apartment in the Menlo area is the $0.98 price per square foot Timberline Model at Timberline Ridge in the in the Glynn Village neighborhood starting from $2,350. The second greatest value Menlo apartment is the Alton Model at Stratford Crossing Flats Townhomes starting at $2,100 with a $1.27 price per square foot in the Glynn Village neighborhood. Here is today’s list of the best values for Menlo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Timberline RidgeTimberline3BR,3BA$0.98
Stratford Crossing Flats TownhomesAlton3BR,2.5BA$1.27
Cherry CreekBradford3BR,1BA$1.04
Sunrise MeadowsB2 - Barbados2BR,2BA$1.09
William Pointe by KadingVilla3BR,1BA$0.92
Sunrise Valley Trails Apartments2 bed2BR,1BA$0.99
SUGAR CREEK APARTMENTS2 BED 1 BATH2BR,1BA$1.23
Country Court Apartments - Waukee2brtotalremodel2BR,1BA$1.21
Valley Railroad Apartments1 Bedroom1BR,1BA$0.65
Brick Towne at Waukee Central 432 Southeast Laurel Street1 Bedroom, 1 Bathroom1BR,1BA$1.26

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Menlo, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Menlo, IA

View Map
Menlo, IA Apartments Map
View Map
Menlo, IA Rental Homes Map

Frequently Asked Questions about Cheap Menlo Apartments

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

The lowest price for a Cheap One Bedroom Menlo Apartment is $495 at Valley Railroad Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Menlo is starting from $855 at Sunrise Valley Trails Apartments.

What is the most affordable Menlo Three Bedroom Apartment?

The best deal on a cheap Menlo Three Bedroom Apartment rental is at William Pointe by Kading and starts from $925.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.