Cheap Apartments for Rent in Thompson, IA from $400 (21 Rentals)

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

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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
2 to 3 Bedroom Apartments

528 N Grant St

528 N Grant StBlue Earth, MN 56013
  • Utilities Included

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Thompson, IA Local Guide

Cheapest Available Thompson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Thompson, IA is a 1 Bed unit found at Rolfe 20-Unit priced from $400. Shalom Tower II has the second lowest priced unit, which is a Studio apartment currently listed from $405. Here is today’s list of the most affordable Thompson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rolfe 20-Unit1 Bedroom1BR,1BA$400
Shalom Tower IITower I EfficiencyStudio,1BA$405
Key ApartmentsEfficiencyStudio,1BA$450
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495

Best Value Apartments for Rent in Thompson, IA and Nearby

As of September 02, 2025 the best value apartment in the Thompson area is the $1.20 price per square foot Three Bedroom Model at Timberwolf Townhomes in the in the University neighborhood starting from $1,850. The second greatest value Thompson apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 price per square foot in the University neighborhood. 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.
Timberwolf TownhomesThree Bedroom3BR,2.5BA$1.20
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Eytcheson Estates Sherburn2 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

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Location, Location, Location!

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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 $400 at Rolfe 20-Unit.

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 $1,100.

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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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.