Cheap Apartments for Rent in Menlo, IA from $500 (45 Rentals)

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

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.

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Bridges
1 to 2 Bedroom Apartments

The Bridges

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

800 State Street

800 State StGuthrie Center, IA 50115

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.

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Perry Townhomes
3 Bedroom Apartments

Perry Townhomes

2018 Otley AvePerry, IA 50220

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.

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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 Woodland Park - Fontanelle priced from $775. SUGAR CREEK APARTMENTS in the Glynn Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Menlo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Woodland Park - Fontanelle1 BR1BR,1BA$775
SUGAR CREEK APARTMENTS1 BED 1 BATH1BR,1BA$800
Brick Towne at Prairie CrossingMicroStudio,1BA$825
Sunrise Valley Trails Apartments2 bed2BR,1BA$855
Valley Railroad Apartments4 Bedroom4BR,2BA$895
Country Court Apartments - Waukee2BGLNCabcrn2BR,1BA$895
Prairie Grass at WaukeeIndigo VistaStudio,1BA$926
Brick Towne at Waukee Central1 Bedroom1BR,1BA$950
The Pitch1 Bedroom 1 Bedroom1BR,1BA$995
Kettlestone Peak ApartmentsVictoria1BR,1BA$1,050

Best Value Apartments for Rent in Menlo, IA and Nearby

As of May 21, 2026 the best value apartment in the Menlo area is the $1.05 price per square foot Solana Model at Stratford Crossing Flats Townhomes in the in the Glynn Village neighborhood starting from $2,200. The second greatest value Menlo apartment is the Willowood Model at Redwood Waukee Hickman Road starting at $1,799 with a $1.30 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.
Stratford Crossing Flats TownhomesSolana3BR,3.5BA$1.05
Redwood Waukee Hickman RoadWillowood2BR,2BA$1.30
11Fifty on OlsonThe Haven (D2)3BR,2BA$1.20
Valley Railroad Apartments4 Bedroom4BR,2BA$0.81
Sunrise MeadowsB2 - Barbados2BR,2BA$1.09
Perrywood Apartments2 Bedroom2BR,2BA$1.24
Sunrise Valley Trails Apartments2 bed2BR,1BA$0.99
SUGAR CREEK APARTMENTS2 BED 1 BATH2BR,1BA$1.23
Country Court Apartments - Waukee2BNCab2BR,1BA$1.21
Woodland Park - Fontanelle1 BR1BR,1BA$1.29

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.

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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.

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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.

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

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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 $775 at Woodland Park - Fontanelle.

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 $850 at Woodland Park - Fontanelle.

What is the most affordable Menlo Three Bedroom Apartment?

The best deal on a cheap Menlo Three Bedroom Apartment rental is at Sunrise Valley Trails Apartments and starts from $945.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.