Cheap Apartments for Rent in Thayer, IA from $500 (54 Rentals)

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

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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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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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • Utilities Included
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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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Williams Terrace
1 to 2 Bedroom Apartments

Williams Terrace

1603 N 9th StIndianola, IA 50125
Senior Living

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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Thayer, IA Local Guide

Cheapest Available Thayer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Thayer, IA is a 1 Bed unit found at Foxwood Apartments in the Easton Park neighborhood priced from $714. Sunset Apartments in the Prairie View 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 Thayer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxwood ApartmentsA11BR,1BA$714
Sunset ApartmentsStudio, 1 baStudio,1BA$725
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Woodland Park - Fontanelle1 BR1BR,1BA$775
Indianola Park II Apartments1BR Upper1BR,1BA$780
Northern Plains by KadingCottage - 22BR,1BA$795
Country Club Estates2 Bedroom 1 Bathroom2BR,1BA$825
Fish CreekB1 - Classic2BR,1BA$825
Dennis Park ApartmentsB12BR,1BA$858
Next Level Apartments - Easton VillageB12BR,1BA$869

Best Value Apartments for Rent in Thayer, IA and Nearby

As of June 22, 2026 the best value apartment in the Thayer area is the $1.10 price per square foot Montecristo Townhome Model at Callaway at Holland Pointe in the in the Prairie View neighborhood starting from $2,395. The second greatest value Thayer apartment is the 3 bed 2 bath Model at Sunset Terrace starting at $1,220 with a $1.00 price per square foot in the Easton Park neighborhood. Here is today’s list of the best values for Thayer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Callaway at Holland PointeMontecristo Townhome3BR,3BA$1.10
Sunset Terrace3 bed 2 bath3BR,2BA$1.00
Osceola Heights by KadingVilla3BR,1BA$1.00
Cherry CreekGlenwood-Villa3BR,1BA$0.99
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Northern Plains by KadingCottage - 22BR,1BA$0.94
Dennis Park ApartmentsB12BR,1BA$1.07
Next Level Apartments - Easton VillageB12BR,1BA$1.09
Country Club Estates2 Bedroom 1 Bathroom2BR,1BA$1.04
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95

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 Thayer Apartments

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

The lowest price for a Cheap One Bedroom Thayer Apartment is $714 at Foxwood Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Thayer is starting from $755 at Summit House Apartments.

What is the most affordable Thayer Three Bedroom Apartment?

The best deal on a cheap Thayer Three Bedroom Apartment rental is at Northern Plains 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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.