
Cheap Homes for Rent in Thompson, IA from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Thompson.


109 4th Ave SE

1013 11th Ave SW

1680 469 St
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.

109 8th St NW

302 19th St NE

111 3rd St SE

806 John Farry Pl
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.

515 NE 1st St
Thompson, IA Local Guide

How much does it cost to rent a home in Thompson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Thompson 2 Bedroom Homes for Rent | $1,541 | $950 | $2,700 |
Thompson 3 Bedroom Homes for Rent | $1,735 | $1,200 | $2,700 |
Thompson 4 Bedroom Homes for Rent | $2,367 | $1,980 | $2,595 |
Browse Top Homes for Rent in Thompson
Explore 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 |
Best Value Apartments for Rent in Thompson, IA and Nearby
As of June 02, 2025 the best value apartment in the Thompson area is the $1.22 price per square foot Two Bedroom Model at The Edge Apartments in the in the University neighborhood starting from $1,200. The second greatest value Thompson apartment is the 2 Bedroom Model at 201 Pilgrim St starting at $1,025 with a $1.08 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. |
---|---|---|---|
The Edge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
201 Pilgrim St | 2 Bedroom | 2BR,2BA | $1.08 |
Meadow Lake of Clear Lake Apartments | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.02 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
The Meadows | 1 Bedroom 1 Bath | 1BR,1BA | $1.27 |
Deer Creek Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.14 |
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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Frequently Asked Questions about Thompson
What type of rentals are currently available in Thompson?
There are currently 48 Apartments for Rent in Thompson, IA with pricing that ranges from $405 to $2,325. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thompson ranging from $595 to $2,700.
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 $595 to $2,700 with an average monthly rent of $1,659.
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 $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,980 and Four Bedroom Apartments start at $937.
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.

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.

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.