
Cheap Homes for Rent in Wapello, IA from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Wapello.


607 NE 3rd Ave

804 SW 4th St

812 SW 9th St

218 1/2 W 7th St

110 1/2 1st Ave W

2216 Piper Pl
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.

413 Pine St

114 S Mississippi St

912 2nd Ave

116 N 4th St

322 Friendship St

107 S 6th St

1115 S 1st Ave
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.
Wapello, IA Local Guide

How much does it cost to rent a home in Wapello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wapello 2 Bedroom Homes for Rent | $1,026 | $685 | $1,800 |
| Wapello 3 Bedroom Homes for Rent | $1,256 | $875 | $1,850 |
| Wapello 4 Bedroom Homes for Rent | $2,616 | $2,300 | $3,200 |
| Wapello 5 Bedroom Homes for Rent | $3,050 | $3,050 | $3,050 |
Browse Top Homes for Rent in Wapello
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Wapello, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAPLE PLACE APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $665 |
| Welch Hotel Senior Apartments | Studio | Studio,1BA | $695 |
| Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $695 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $750 |
| Caspian Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $750 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Churchill Lofts | Churchill Lofts - 214 | 2BR,1BA | $1.07 |
| The Quarters Iowa City | C1 - 3x3 | 3BR,3BA | $0.59 |
| Blaul Lofts | Blaul Lofts - 402 | 1BR,1BA | $1.00 |
| Westland Village | 2x1 | 2BR,1BA | $0.89 |
| Black Hawk Village | 2 bedroom | 2BR,1BA | $1.19 |
| Orchards & Woodlands | 2BR/1.0BA | 2BR,1BA | $1.22 |
| Walcott Manor Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.98 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| MAPLE PLACE APARTMENTS | 1 Bed 1 Bath | 1BR,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.
Read ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Wapello
What type of rentals are currently available in Wapello?
There are currently 55 Apartments for Rent in Wapello, IA with pricing that ranges from $515 to $3,300. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wapello ranging from $685 to $3,200.
What is the current price range for Rental Homes in Wapello?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wapello ranges from $685 to $3,200 with an average monthly rent of $1,760.
How much are larger Three and Four Bedroom Rentals in Wapello?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wapello range from $695 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,850. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,800.
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

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.

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.

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.

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.