Cheap Apartments for Rent in Storm Lake, IA from $400 (36 Rentals)

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Reserves at Storm Lake
2 to 3 Bedroom Apartments

Reserves at Storm Lake

1500 Seneca StStorm Lake, IA 50588
  • 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.

property at 416 E 4th St

$860

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$860

Total Monthly Price
$860

2 Bedroom, 1 Bath Townhome for Rent

Available Now

416 E 4th St

FairmontMN56031
property at 404 W 1st St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

404 W 1st St

Lake ParkIA51347

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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Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
Senior Living
  • Utilities Included
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Dodecagon Plaza
1 to 2 Bedroom Apartments

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
  • Utilities Included
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Rolfe 20-Unit
1 to 2 Bedroom Apartments

Rolfe 20-Unit

1106-1108 Elm StRolfe, IA 50581
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Heartland Senior Housing
1 to 2 Bedroom Apartments

Heartland Senior Housing

610 Central AveFort Dodge, IA 50501
Senior Living
  • Utilities Included
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919 N 29th St
1 Bedroom Apartments

919 N 29th St

919 N 29th StFort Dodge, IA 50501
  • Utilities Included

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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Fonda Apartments
1 to 2 Bedroom Apartments

Fonda Apartments

304 Fairburn StFonda, IA 50540
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Woodland Park - Holstein
1 Bedroom Apartments

Woodland Park - Holstein

400 Minnesota StHolstein, IA 51025
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

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.

Storm Lake, IA Local Guide

Cheapest Available Storm Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Storm Lake, IA is a 1 Bed unit found at Rolfe 20-Unit priced from $495. WinnaVegas Villas has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here is today’s list of the most affordable Storm Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rolfe 20-Unit1 Bedroom1BR,1BA$495
WinnaVegas VillasEfficiencyStudio,1BA$660
Woodland Park - Manson1 BR1BR,1BA$725
District 29 Apartments & TownhomesStudio ApartmentStudio,1BA$760
Tallgrass VillageStudio ApartmentStudio,1BA$765
Seneca Place Apartments1 Bedroom1BR,1BA$775
Lewis Hotel ApartmentsStudioStudio,1BA$800
Fair View by KadingCottage - 22BR,1BA$845
Park View Apartments2 Bedroom / 1 Bath2BR,1BA$875
635 8th Ave SWONE BED ROOM APARTMENT1BR,1BA$900

Best Value Apartments for Rent in Storm Lake, IA and Nearby

As of June 15, 2026 the best value apartment in the Storm Lake area is the $1.33 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at The Shores at Spirit Lake in the starting from $1,765. The second greatest value Storm Lake apartment is the 2 Bedroom Updated Model at Lincoln Woods starting at $1,055 with a $1.06 price per square foot . Here is today’s list of the best values for Storm Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Shores at Spirit Lake3 Bedroom 2.5 Bathroom Townhome3BR,2.5BA$1.33
Lincoln Woods2 Bedroom Updated2BR,1BA$1.06
Glen Oaks by BroadmoorOrpheum2BR,1.5BA$1.21
Fair View by KadingCottage - 22BR,1BA$1.00
Avenue EastTownhome2BR,1BA$1.31
Country Club Apartments1 Bed, 1 Bath1BR,1BA$1.27
Cypress Pointe Apartments2 Bedroom2BR,1BA$1.26
Cypress Pointe Emmetsburg2 Bedroom2BR,1BA$1.28
Park View Apartments2 Bedroom / 1 Bath2BR,1BA$1.26
Rolfe 20-Unit2 Bedroom2BR,1BA$0.97

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 Storm Lake Apartments

What is the Cheapest Studio apartment in Storm Lake?

Currently the most affordable Cheap Studio Apartment in Storm Lake is at WinnaVegas Villas listed at $660.

How much is rent for a Cheap One Bedroom Storm Lake Apartment?

The lowest price for a Cheap One Bedroom Storm Lake Apartment is $495 at Rolfe 20-Unit.

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

Today's best deal for a Cheap Two Bedroom Apartment in Storm Lake is starting from $595 at Rolfe 20-Unit.

What is the most affordable Storm Lake Three Bedroom Apartment?

The best deal on a cheap Storm Lake Three Bedroom Apartment rental is at Fair View by Kading and starts from $1,245.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.