Cheap Apartments for Rent in Menlo, IA from $500 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-22, 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 2 Beds unit found at Valley Railroad Apartments priced from $595. Sugar Creek Senior Apartment Community in the Timberline Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. Here is today’s list of the most affordable Menlo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley Railroad Apartments2 bedroom2BR,1BA$595
Sugar Creek Senior Apartment Community1x11BR,1BA$790
The Bridges2 Bedroom2BR,1BA$799
Summerset Apartments2 Beds, 1 bath2BR,1BA$800
Brick Towne at Prairie CrossingStudioStudio,1BA$825

Best Value Apartments for Rent in Menlo, IA and Nearby

As of June 12, 2025 the best value apartment in the Menlo area is the $0.98 price per square foot Timberline Model at Timberline Ridge in the starting from $2,350. The second greatest value Menlo apartment is the 3 Bed 2.5 Bath Townhome Model at Providence Lane Townhomes starting at $1,640 with a $1.14 price per square foot . 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
Providence Lane Townhomes3 Bed 2.5 Bath Townhome3BR,2.5BA$1.14
Perry Townhomes3 BR 2.5 BA3BR,2.5BA$1.06
Valley Railroad Apartments3 Bedroom3BR,2BA$0.68
Sunrise MeadowsB1 - Montego Bay2BR,2BA$1.10
Twin Eagles EastSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
Windfield West2 Bedroom 1.5 Bath2BR,1.5BA$1.04
Country Court Apartments - Waukee2brtotalremodel2BR,1BA$1.17
Summerset Apartments2 Beds, 1 bath2BR,1BA$1.09
The Bridges2 Bedroom2BR,1BA$1.24

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

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

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 MapMenlo, IA Apartments MapView MapMenlo, IA Rental Homes Map

Getting Around Menlo, IA

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 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 Menlo Apartments

What is the Cheapest Studio apartment in Menlo?

Currently the most affordable Cheap Studio Apartment in Menlo is at Brick Towne at Prairie Crossing listed at $825.

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

The lowest price for a Cheap One Bedroom Menlo Apartment is $790 at Sugar Creek Senior Apartment Community.

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 $595 at Valley Railroad Apartments.

What is the most affordable Menlo Three Bedroom Apartment?

The best deal on a cheap Menlo Three Bedroom Apartment rental is at Valley Railroad Apartments and starts from $695.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.