
Cheap Apartments for Rent in Thompson, IA from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Thompson.


Key Apartments

City Center Kent Apartments
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.

18 S Adams Ave

Key West Apartments

A-Lea Apartments

109 4th Ave SE

CityView Apartments

Deer Creek Apartments

Flats on 21

Eytcheson Estates Sherburn

Meadow Lake of Clear Lake Apartments
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.

Pebble Creek Apartments

Highland Hills Apartments

Skye Lofts Apartments
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.
Thompson, IA Local Guide

How much does it cost to rent an apartment in Thompson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Thompson Studio Apartments | $875 | $405 | $1,280 |
Thompson 1 Bedroom Apartments | $972 | $495 | $1,790 |
Thompson 2 Bedroom Apartments | $1,267 | $750 | $2,325 |
Thompson 3 Bedroom Apartments | $1,439 | $935 | $2,700 |
Thompson 4 Bedroom Apartments | $1,515 | $937 | $1,880 |
Browse Top Apartments in Thompson
See all Apartments in ThompsonExplore Thompson
Thompson, IA Local Guide
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Cheapest Available Thompson Apartments for Rent and Nearby
 The cheapest available apartment rental in Thompson, IA is a Studio unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Thompson apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shalom Tower II | Tower I Efficiency | Studio,1BA | $405 |
Key Apartments | Efficiency | Studio,1BA | $450 |
Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $450 |
City Center Kent Apartments | Studio | 1BR,1BA | $495 |
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $500 |
Best Value Apartments for Rent in Thompson, IA and Nearby
As of June 19, 2025 the best value apartment in the Thompson area is the $1.22 price per square foot 2 Bedroom 1 Bath Model at Tartan Glen in the in the University neighborhood starting from $1,550. The second greatest value Thompson apartment is the 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,060 with a $0.95 price per square foot . Here is today’s list of the best values for Thompson apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $0.95 |
Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.29 |
The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
Deer Creek Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.07 |
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.82 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Thompson, IA Rentals by Map
See the most popular apartments and homes in Thompson, IA
Getting Around Thompson, IA
Walk Score®
13 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 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 Thompson Apartments
What is the Cheapest Studio apartment in Thompson?
Currently the most affordable Cheap Studio Apartment in Thompson is at Shalom Tower II listed at $405.
How much is rent for a Cheap One Bedroom Thompson Apartment?
The lowest price for a Cheap One Bedroom Thompson Apartment is $450 at Burt 18-Unit (Countryside Properties).
What is the lowest price for a Cheap Two Bedroom Thompson Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Thompson is starting from $500 at Rolfe 20-Unit.
What is the most affordable Thompson Three Bedroom Apartment?
The best deal on a cheap Thompson Three Bedroom Apartment rental is at Northern Place Apartments and starts from $950.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

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.

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.