Cheap Apartments for Rent in Wapello, IA from $500 (47 Rentals)

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

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.

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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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630 N 6th St
Studio to 1 Bedroom Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601

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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Mediapolis Village
2 to 4 Bedroom Apartments

Mediapolis Village

510 Wapello St SMediapolis, IA 52637

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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property at 116 N 4th St

$900 - $1,295

1 To 2 Bedroom Rentals

Available Now

116 N 4th St

BurlingtonIA52601
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631 S Van Buren St
1 to 3 Bedroom Apartments

631 S Van Buren St

631 S Van Buren StIowa City, IA 52240
Student Housing
  • Utilities Included
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SoDo Flats
Studio to 2 Bedroom Apartments

SoDo Flats

322 E Prentiss StIowa City, IA 52240
  • Utilities Included

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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Hawkeye Park
1 to 2 Bedroom Apartments

Hawkeye Park

432 S Dubuque StIowa City, IA 52240
Student Housing
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Wapello, IA Local Guide

Cheapest Available Wapello Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wapello, IA is a 1 Bed unit found at MAPLE PLACE APARTMENTS priced from $665. Welch Hotel Senior Apartments in the Oak Ridge neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Wapello apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MAPLE PLACE APARTMENTS1 Bed 1 Bath1BR,1BA$665
Welch Hotel Senior ApartmentsStudioStudio,1BA$695
Bel Aire Apartments2 Bedroom2BR,1BA$695
Park Madison Apartments1BR/1BA1BR,1BA$750
Caspian Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Summer Street ApartmentsStudioStudio,1BA$750
Green Gable CottagesGreen Gable 1 Bedroom1BR,1BA$750
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$780
Westland Village2x12BR,1BA$850
Tama Too ApartmentsStudioStudio,1BA$850

Best Value Apartments for Rent in Wapello, IA and Nearby

As of May 07, 2026 the best value apartment in the Wapello area is the $1.07 price per square foot Churchill Lofts - 214 Model at Churchill Lofts in the in the Ginger Ridge neighborhood starting from $1,295. The second greatest value Wapello apartment is the C1 - 3x3 Model at The Quarters Iowa City starting at $695 with a $0.59 price per square foot in the Fair Meadows neighborhood. Here is today’s list of the best values for Wapello apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Churchill LoftsChurchill Lofts - 2142BR,1BA$1.07
The Quarters Iowa CityC1 - 3x33BR,3BA$0.59
Blaul LoftsBlaul Lofts - 4021BR,1BA$1.00
Westland Village2x12BR,1BA$0.89
Black Hawk Village2 bedroom2BR,1BA$1.19
Orchards & Woodlands2BR/1.0BA2BR,1BA$1.22
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$0.98
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Bel Aire Apartments2 Bedroom2BR,1BA$1.11
MAPLE PLACE APARTMENTS1 Bed 1 Bath1BR,1BA$1.11

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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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.

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

Explore Wapello, IA Rentals by Map

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Frequently Asked Questions about Cheap Wapello Apartments

What is the Cheapest Studio apartment in Wapello?

Currently the most affordable Cheap Studio Apartment in Wapello is at Welch Hotel Senior Apartments listed at $695.

How much is rent for a Cheap One Bedroom Wapello Apartment?

The lowest price for a Cheap One Bedroom Wapello Apartment is $665 at MAPLE PLACE APARTMENTS.

What is the lowest price for a Cheap Two Bedroom Wapello Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wapello is starting from $695 at Bel Aire Apartments.

What is the most affordable Wapello Three Bedroom Apartment?

The best deal on a cheap Wapello Three Bedroom Apartment rental is at MAPLE PLACE APARTMENTS and starts from $870.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.