Cheap Apartments for Rent in Thompson, IA from $400 (22 Rentals)

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Cheap Apartments in Thompson.

Navigating the Rental Market: Tips for First-Time Renters

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Rolfe 20-Unit
2 Bedroom Apartments

Rolfe 20-Unit

1106-1108 Elm StRolfe, IA 50581

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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 Studio unit found at Shalom Tower II priced from $405. Burt 18-Unit (Countryside Properties) has the second lowest priced unit, which is a 1 Bed 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
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$450
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
Rolfe 20-Unit2 Bedroom2BR,1BA$500

Best Value Apartments for Rent in Thompson, IA and Nearby

As of May 03, 2025 the best value apartment in the Thompson area is the $1.30 price per square foot Two Bedroom Model at The Edge Apartments in the in the University neighborhood starting from $1,275. The second greatest value Thompson apartment is the 2 Bedroom 1.5 Bathroom Model at Meadow Lake of Clear Lake Apartments starting at $855 with a $1.03 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.
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
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
Eytcheson Estates Welcome1 Bedroom2BR,1BA$1.33
Pebble Creek Apartments1 Bedroom 1 Bathroom1BR,1BA$0.88
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$1.14
Rolfe 20-Unit2 Bedroom2BR,1BA$0.82
18 S Adams AveOne Bedroom1BR,1BA$0.95

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

Explore Thompson, IA Rentals by Map

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See the most popular apartments and homes in Thompson, IA

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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 $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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.