214 W College St
Albert LeaMN56007
Cheap Homes for Rent in Thompson, IA from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Thompson.
2310 1st Ave S
Clear LakeIA50428
702 E Main St
Albert LeaMN56007
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.
207 E 4th St
Albert LeaMN56007
1506 7th St SE
AustinMN55912
121 Clinton St
AustinMN55912
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.
262 S Pearl St
Albert LeaMN56007
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Thompson, IA Local Guide
Fall colors by Carol VanHook is licensed under CC BY 2.0
How much does it cost to rent a home in Thompson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thompson 2 Bedroom Homes for Rent | $1,403 | $765 | $2,200 |
| Thompson 3 Bedroom Homes for Rent | $1,599 | $1,125 | $2,395 |
| Thompson 4 Bedroom Homes for Rent | $1,879 | $1,324 | $2,215 |
| Thompson 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
| Thompson 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Thompson
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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 1 Bed unit found at Country Side priced from $425. Rolfe 20-Unit has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Thompson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Side | 1 Bedroom | 1BR,1BA | $425 |
| Rolfe 20-Unit | 1 Bedroom | 1BR,1BA | $495 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
Best Value Apartments for Rent in Thompson, IA and Nearby
As of June 22, 2026 the best value apartment in the Thompson area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Thompson apartment is the 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,150 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Skye Lofts Apartments | 2 Bedroom Loft | 2BR,1.5BA | $1.09 |
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $0.93 |
| 501 W 1st St S | 1 BED/1 BATH | 1BR,1BA | $0.84 |
| Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.97 |
| 18 S Adams Ave | One Bedroom | 1BR,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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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See the most popular apartments and homes in Thompson, IA
Frequently Asked Questions about Thompson
What type of rentals are currently available in Thompson?
There are currently 59 Apartments for Rent in Thompson, IA with pricing that ranges from $500 to $2,509. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thompson ranging from $650 to $3,200.
What is the current price range for Rental Homes in Thompson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Thompson ranges from $650 to $3,200 with an average monthly rent of $1,755.
How much are larger Three and Four Bedroom Rentals in Thompson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Thompson range from $935 to $2,509, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,324 and Four Bedroom Apartments start at $937.
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
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.
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.
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.
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.