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Newest Homes for Rent in Indianola, IA

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  • /35

    Starting at $1,210

    Total Monthly Price

    • 3 Beds

    1500 N 9th St, Indianola, IA 50125

    Did you know you could lease a ranch style townhome for about the same cost as renting an apartment? The conveniences of an apartment with the enjoyment of your own front door, yard and attached garage. Upgrade your apartment experience to townhome living with Kading!We offer affordable living with desired amenities such as washer/dryer hook-ups, cable ready units, air conditioning,

    Lincoln Ridge by Kading

    1500 N 9th St, Indianola, IA 50125
  • /24

    Starting at $750 Per Month

    • 1 - 2 Beds

    905 N 15th St, Indianola, IA 50125

    ** Ask us how to get your 1st Month Rent FREE **Offering 1 & 2 bedroom units in Indianola, IA. Indianola offers a diverse entertainment landscape for all to enjoy. From the well-renowned Simpson College to the popular Lake Ahquabi and its boating, hiking, and camping opportunities, Indianola Park Apartments places you near it all.

    Indianola Park II Apartments

    905 N 15th St, Indianola, IA 50125
  • /20

    Starting at $702 Per Month

    • Studio - 2 Beds

    1001 W 3rd Ave, Indianola, IA 50125

    Foxwood Apartments offers beautiful floor plans designed to make you feel right at home. Nestled in a peaceful residential area in Indianola, our community combines comfort and convenience for a truly welcoming living experience. With thoughtfully designed interiors, spacious layouts, and a warm neighborhood vibe, Foxwood Apartments is the perfect place to unwind and connect. Discover a home

    Foxwood Apartments

    1001 W 3rd Ave, Indianola, IA 50125
  • /7

    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • 952 Sq Ft
    • Condo for Rent

    1100 N 6th St Unit 8, Indianola, IA 50125

    Property Id: 2574691 Located: - 1 mile from Midwest Line College - 1 mile from Simpson College - 1 mile from Downtown Indianola - 17.4 miles from MercyOne Medical Center - 17.4 miles from Iowa Methodist Medical Center - 17.6 miles from UnityPoint Health - Lutheran Hospital You will have a private bedroom with queen sized bed, smart TV & large full closet.

    1100 N 6th St Unit 8, Indianola, IA 50125
  • /14

    Starting at $1,250 Per Month

    • 2 Beds

    1203 W 2nd Ave, Indianola, IA 50125

    Experience a quieter pace of life at Linden West, where peaceful surroundings meet everyday convenience and hometown care is part of the experience. Locally owned and managed right here in Indianola, this is a community where pride of ownership shows and residents are truly known and valued. Surrounded by open green space and tucked into the charm of Indianola, Linden West offers that

    Linden West

    1203 W 2nd Ave, Indianola, IA 50125
  • /10

    $825 Per Month

    • 1 Bed
    • 1 Bath
    • 495 Sq Ft
    • Condo for Rent

    708 W 1st Ave Unit 107 S E St, Indianola, IA 50125

    Make this cozy 1 bedroom 1 bath apartment your new home. This main level unit offers a spacious layout and in unit laundry. Located centrally and minutes away from Simpson College.Address is 107 S E St Indianola IA 50125To schedule a viewing, call our main line at Take a 360 tour of the property now! Apply to $40.00 Application fee per adult$50.00 Pet

    708 W 1st Ave Unit 107 S E St, Indianola, IA 50125
  • /20

    Starting at $838 Per Month

    • 2 Beds

    901 S R St, Indianola, IA 50125

    Welcome to Deer Run, a charming apartment community in the heart of Indianola! With spacious floor plans and traditional layouts, Deer Run offers the perfect combination of comfort and affordability. Whether you're looking for your first home or a cozy place to settle into, our community provides a welcoming environment in a great location. If you're seeking an affordable living space in a

    Deer Run Apartments

    901 S R St, Indianola, IA 50125
  • /13

    $1,045 Per Month

    • 2 Beds
    • 1 Bath
    • 592 Sq Ft
    • House for Rent

    204 E Franklin Ave, Indianola, IA 50125

    Check out this charming and convenient 2 bedroom and 1 bath house with lots of natural light. This cozy 1bd house offers a well-equipped kitchen, washer/dryer and a lovely living room area perfect for relaxation. Park your car with ease and enjoy the convenience of extra storage space with a private garage, shed and unfinished basement!CALL IT HOME TODAY!To set up a showing,

    204 E Franklin Ave, Indianola, IA 50125
  • /20

    Starting at $695 Per Month

    • 1 - 3 Beds

    1009 E 1st Ave, Indianola, IA 50125

    Discover the comfort and convenience of Easton Village in Indianola. These spacious and affordable apartments offer everything you need to feel right at home. Enjoy a welcoming community and a great location, all at a value that fits your lifestyle.

    Next Level Apartments - Easton Village

    1009 E 1st Ave, Indianola, IA 50125
  • /19

    Starting at $813 Per Month

    • 2 Beds

    208 S J St, Indianola, IA 50125

    Discover the comfort and convenience of Dennis Park Apartments in Indianola. These spacious and affordable apartments offer everything you need to feel right at home, with move-in ready options that make settling in a breeze. Enjoy a welcoming community and a great location, all at a value that fits your lifestyle.

    Dennis Park Apartments

    208 S J St, Indianola, IA 50125
  • /14

    $1,250 Per Month

    • 3 Beds
    • 2 Baths
    • 1,250 Sq Ft
    • Property for Rent

    21 Leonard Ave Unit 21L, Indianola, IA 50125

    Located in the all ages manufactured home community of North American Manufactured Home Community, this home is a 2020 Champion with 3 bedrooms and 2 bathrooms at approximately 1,250 square feet. This home comes with a refrigerator, stove, microwave, and dishwasher. Plus, it has a spacious layout, great location and much more! North American Manufactured Home Community offers a friendly

    Natalie Stowe North American Manufactured Home Community

    21 Leonard Ave Unit 21L, Indianola, IA 50125
  • /14

    Starting at $980 Per Month

    • 1 - 3 Beds

    101 S 15th St, Indianola, IA 50125

    Welcome Home! A quieter way to live well.Schoolyard Rowhomes is a brand-new community of thoughtfully designed rental rowhomes in Indianola, offering open-concept living, modern finishes, and the kind of low-maintenance lifestyle that lets you spend weekends on what actually matters.Choose from one, two, or three bedroom layouts. Every home includes in-home laundry, a designer kitchen

    Schoolyard Rowhomes

    101 S 15th St, Indianola, IA 50125
  • /50

    Starting at $1,190 Per Month

    • 1 - 2 Beds

    610 E Scenic Valley Ave, Indianola, IA 50125

    Active Adult Senior Living in Indianola. Situated in the beautiful town of Indianola, Iowa, this Emerald Reserve location offers more than just independent senior living apartments. Come as Strangers, Live as Friends® at this welcoming community with fun social activities, exciting classes, engaging wellness programs, and so much more! Emerald Reserve Indianola combines first-class

    Emerald Reserve Indianola

    610 E Scenic Valley Ave, Indianola, IA 50125
  • /8

    $1,450 Per Month

    • Studio
    • 20 Baths
    • Apartment for Rent

    101 S 15th St Unit 101-113, Indianola, IA 50125

    Schoolyard Rowhomes is a brand-new community of thoughtfully designed rental rowhomes in Indianola. Choose from a variety of unique living spaces to meet your needs. Each unit boasts open floor plans that maximize space and natural light, creating an inviting ambiance that feels like home from the moment you step inside. Experience the ultimate in comfortable living with stunning finishes that

    Cheri Herman Coterie Real Estate

    101 S 15th St Unit 101-113, Indianola, IA 50125
  • /20

    $2,600 Per Month

    • 2 Beds
    • 1 Bath
    • 952 Sq Ft
    • Condo for Rent

    1100 N 6th St, Indianola, IA 50125

    Property Id: 2570333 Located: - 1 mile from Midwest Line College - 1 mile from Simpson College - 1 mile from Downtown Indianola - 17.4 miles from MercyOne Medical Center - 17.4 miles from Iowa Methodist Medical Center - 17.6 miles from UnityPoint Health - Lutheran Hospital This ground floor condo has 2 bedrooms, 1 with a King bed & 1 with Queen bed, smart

    1100 N 6th St, Indianola, IA 50125
  • /19

    Starting at $900 Per Month

    • 2 Beds

    1203 E 1st Ave, Indianola, IA 50125

    Linden East Apartments

    1203 E 1st Ave, Indianola, IA 50125
  • /20

    Starting at $1,120 Per Month

    • 2 - 3 Beds

    1305 N 6th St, Indianola, IA 50125

    FOR AVAILABILITY DATES PLEASE CHECK OUT OUR WEBSITE - DSMRENTAL.COMRemodeling the flooring in all units, as well as access to the municipal internet!Please also visit our website for a 3D tour link.These bright spacious condos offer all the comforts you need at home, as well as quick access to Indianola’s shopping, restaurants, and numerous recreational attractions. Nestled on the

    Sunset Terrace

    1305 N 6th St, Indianola, IA 50125
  • /34

    $1,100

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • Condo for Rent

    509 N 1st St Unit 201, Indianola, IA 50125

    Close to Simpson College & beautiful Buxton Park. Easy access to Hwy 65/69 for 15 min drive to DSM. You'll enjoy Hy-Vee, Subway, Walgreens, Outside Scoop & more nearby. This 4 unit apartment complex is quiet and clean and rarely has vacancies! This 2nd floor unit provides a spacious living room with a coat closet. Kitchen with fridge, stove, dishwasher & new disposal. Eating area with new

    509 N 1st St Unit 201, Indianola, IA 50125
  • /20

    $1,900 Per Month

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • Condo for Rent

    508 W 2nd Ave Unit D, Indianola, IA 50125

    Property Id: 1541605 This stunning new construction offers a spacious 1600 sq. ft. layout with zero entry for easy accessibility. Enjoy the luxury of 9-foot ceilings and stylish LVP flooring throughout, complemented by sleek quartz countertops and modern stainless steel appliances in the kitchen. The thoughtfully designed space includes a separate laundry room equipped with a washer and

    508 W 2nd Ave Unit D, Indianola, IA 50125

Frequently Asked Questions

How much does it cost to rent a home in Indianola, IA?
The median rent for a home in Indianola, IA is $1,300 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Indianola, IA?
To comfortably afford the median rent in Indianola, IA, a household needs to earn roughly $52,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,300 per month in Indianola, IA, renters typically need to show $3,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Indianola, IA?
In Indianola, IA, the price-to-rent ratio is 20.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Indianola, IA are best for renting a home?
The best neighborhood for renting in Indianola, IA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Bloomfield/Allen, South Central DSM, Watrous South, Pioneer Park and Southwestern Hills, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
19
Median Rent
$1,300
Median Single Family Home Rent
$1,173
Median Condo Rent
$1,900
How to Rent a Home