Cheap Apartments for Rent in Thompson, IA from $400 (34 Rentals)

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

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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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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College Station
Rent Specials
$931 - $2,135
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$931 - $2,135
Total Monthly Price
$931 - $2,135
1 to 5 Bedroom Apartments Contact Us For Availability

College Station

1341 Pohl RdMankato, MN 56001
Student Housing
  • Verified
  • Customer Reviewed
  • 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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Rolfe 20-Unit
1 to 2 Bedroom Apartments

Rolfe 20-Unit

1106-1108 Elm StRolfe, IA 50581
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528 N Grant St
1 to 3 Bedroom Apartments

528 N Grant St

528 N Grant StBlue Earth, MN 56013
  • Utilities Included
property at 1003 12th Ave NE

1003 12th Ave NE

AustinMN55912
property at 305 W Wenberg St

305 W Wenberg St

DunnellMN56127
property at 702 E Main St

702 E Main St

Albert LeaMN56007

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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property at 301 S Prairie St

301 S Prairie St

SherburnMN56171
property at 106 11th St NE

106 11th St NE

AustinMN55912
Showing Results 1-34, Page 1 of 1

Thompson, IA Local Guide

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 ListingModel NameBed/BathPriced From
Shalom Tower IITower I EfficiencyStudio,1BA$405
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
Rolfe 20-Unit2 Bedroom2BR,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
A-Lea ApartmentsB and C Buildings1BR,1BA$700
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$705

Best Value Apartments for Rent in Thompson, IA and Nearby

As of October 18, 2025 the best value apartment in the Thompson area is the $1.03 price per square foot 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments in the starting from $1,150. The second greatest value Thompson apartment is the 3 Beds, 2 baths Model at Northern Place Apartments starting at $1,150 with a $1.05 price per square foot . Here is today’s list of the best values for Thompson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
Northern Place Apartments3 Beds, 2 baths3BR,2BA$1.05
Southwood Flats2 Bed, 1 Bath (remodeled)2BR,1BA$1.16
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
CityView Apartments1 bedroom1BR,1BA$0.98
Rolfe 20-Unit2 Bedroom2BR,1BA$0.82
18 S Adams AveOne Bedroom1BR,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Thompson, IA Rentals by Map

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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 $495 at City Center Kent Apartments.

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 $1,150.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.