Cheap Apartments for Rent near Merrill, IA from $760 (50 Rentals)

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

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.

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property at 601 W 2ND ST
$975

Total Monthly Price

Base Rent$975
Total Monthly Price$975
2 Bedroom, 1 Bath Townhome for Rent
Available Now

601 W 2ND ST, Unit A

601 W 2ND ST
AltaIA51002

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.

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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.

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RiverPointe Apartments
Rent Specials
$1,050 - $1,505

Total Monthly Price

Base Rent$1,050 - $1,505
Total Monthly Price$1,050 - $1,505
1 to 2 Bedroom Apartments Available Now

RiverPointe Apartments

1101 Riverview DrSouth Sioux City, NE 68776
Luxury
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property at 309 1st St SE
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
2 Bedroom, 1 Bath Home for Rent
Available Now

309 1st St SE

Le MarsIA51031
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Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
Senior Living
  • Utilities Included

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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Ridgewood Apartments
1 Bedroom Apartments

Ridgewood Apartments

260 S 4th StAkron, IA 51001
Senior Living
  • Utilities Included
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Le Mars Estates
2 to 3 Bedroom Apartments

Le Mars Estates

650 4th Ave NELe Mars, IA 51031
  • Utilities Included
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River Valley Apartments
1 to 2 Bedroom Apartments

River Valley Apartments

1300-1302 Quiniela DrNorth Sioux City, SD 57049
  • Utilities Included
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Five Sons Apartments
1 to 3 Bedroom Apartments

Five Sons Apartments

205-231 Centennial DrNorth Sioux City, SD 57049
  • Utilities Included
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1601 S Alice St
2 Bedroom Apartments

1601 S Alice St

1601 S Alice StSioux City, IA 51106
  • Utilities Included

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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Merrill, IA Local Guide

Cheapest Available Merrill Apartments for Rent and Nearby

 

The cheapest available apartment rental in Merrill, IA is a Studio unit found at District 42 Apartments & Townhomes priced from $765. Chambers has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Merrill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
District 42 Apartments & TownhomesFurnished StudioStudio,1BA$765
Chambers2 bedroom2BR,1BA$850
East Edge ApartmentsWoodbury1BR,1BA$875
635 8th Ave SWONE BED ROOM APARTMENT1BR,1BA$900
Urbane 1220AcadianStudio,1BA$945
Country Club Apartments1 Bed, 1 Bath1BR,1BA$955
The ArborsSapling1BR,1BA$980
McCook Apartments2 Bedroom 1 Bath2BR,1BA$995
Avenue EastTownhome2BR,1BA$1,000
Virginia Square Apartments (100-103)1 Bed 1 Bath1BR,1BA$1,025

Best Value Apartments for Rent in Merrill, IA and Nearby

As of September 11, 2026 the best value apartment in the Merrill area is the $1.17 price per square foot 3 Bedrooms / 2 1/2 Bathrooms Townhome Model at Gatewood Estates in the starting from $1,660. The second greatest value Merrill apartment is the 3 Bed and 2.5 Bath Model at River Drive Townhomes starting at $1,200 with a $0.92 price per square foot . Here is today’s list of the best values for Merrill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gatewood Estates3 Bedrooms / 2 1/2 Bathrooms Townhome3BR,2BA$1.17
River Drive Townhomes3 Bed and 2.5 Bath3BR,2.5BA$0.92
Woodbury Heights3 Bedroom 1 Bath3BR,1BA$1.01
Prairiewood Apartments and Townhomes2 Bedrooms / 2 Bathrooms2BR,2BA$1.19
Ridge OaksEvergreen2BR,1.5BA$1.02
Floyd River Flats2 Bed 2 Bath Apartment2BR,2BA$1.23
The Bluebird Flats1BR/1.0BA1BR,1BA$1.19
Country Club Apartments1 Bed, 1 Bath1BR,1BA$1.27
Chambers2 bedroom2BR,1BA$1.14
Bekins Luxury Lofts1BR Small - BL1BR,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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

Explore Merrill, IA Rentals by Map

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Frequently Asked Questions about Cheap Merrill Apartments

What is the Cheapest Studio apartment in Merrill?

Currently the most affordable Cheap Studio Apartment in Merrill is at District 42 Apartments & Townhomes listed at $765.

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

The lowest price for a Cheap One Bedroom Merrill Apartment is $797 at Bekins Luxury Lofts.

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

Today's best deal for a Cheap Two Bedroom Apartment in Merrill is starting from $850 at Chambers.

What is the most affordable Merrill Three Bedroom Apartment?

The best deal on a cheap Merrill Three Bedroom Apartment rental is at East Edge Apartments and starts from $1,120.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.