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Knoxville, IA Homes for Rent

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    Starting at $955 Per Month

    • 2 - 3 Beds

    1329 S Lincoln St, Knoxville, IA 50138

    Kading Properties prides itself on building living communities that bring people home. That means our communities are safe, friendly, well kept, well lit and close to nearby amenities for recreation, shopping and work.So whether you’re looking to upgrade from apartment living, to find a comfortable home for your family, or downsize from a home to less hands-on maintenance, Kading delivers on

    Villa's on Bell

    1329 S Lincoln St, Knoxville, IA 50138
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    $780 Per Month

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

    403 E Montgomery St Unit 2, Knoxville, IA 50138

    Don't miss out on this renovated 2 bedroom 1 bath apartment. The unit is newly remodeled. Plush carpets, modern paint colors. Has 2 large spacious pantries in the kitchen. Drop-down living room that's unique! The bathroom offers a lot of storage space. All utilities are included. There is on-site laundry for your convenience. Snow removal, lawn care, and garbage is included. Off-street

    403 E Montgomery St Unit 2, Knoxville, IA 50138
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    $1,895 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,335 Sq Ft
    • House for Rent

    329 Freedom Way, Knoxville, IA 50138

    Welcome to this new construction gem in Knoxville, IA. This 3-bedroom, 2.5-bath home offers modern finishes throughout, including sleek stainless steel appliances in the kitchen. The unfinished basement gives you flexible space to use for storage now, or finish later to fit your needs. A two-car garage adds even more room for vehicles and gear.Located within walking distance of the raceway,

    329 Freedom Way, Knoxville, IA 50138
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    $1,950 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,239 Sq Ft
    • House for Rent

    325 Freedom Way, Knoxville, IA 50138

    Discover a newly constructed 3-bedroom, 2.5-bath home in Knoxville, IA, featuring a 2-car attached garage and modern stainless steel appliances. The open layout offers bright living spaces and practical finishes throughout, with an unfinished basement providing flexible storage or future expansion options. Located within walking distance of the raceway, this home combines new-construction quality

    325 Freedom Way, Knoxville, IA 50138

Why Live in Knoxville

Knoxville, Iowa, is a rural community known for its sprint car racing and access to Lake Red Rock. The Knoxville Raceway, a historic racetrack, hosts the Knoxville Nationals, attracting over 25,000 visitors annually. The National Sprint Car Hall of Fame & Museum highlights the city's racing history. Residents enjoy outdoor activities at Veterans and Auld parks, which feature playgrounds, a splash pad, and a dog park. Lake Red Rock and Elk Rock State Park, located within 6 miles, offer boating, fishing, hiking, camping, and horseback riding. Knoxville's residential areas are dominated by ranch-style houses, with Craftsman-style homes, bi-level houses, and bungalows also present. The Veterans District is a new development bringing additional housing options. Knoxville's downtown square is a hub for shopping and dining, featuring old-timey brick buildings, boutiques, eateries, and the historic Marion County Courthouse. Popular spots include The Coffee Connection, Atlantic & Pacific Pub, and Deng's Garden. The Grand Theater offers vintage charm and affordable movie tickets. The Knoxville Farmers Market operates from May to October. Major employers include Weiler, 3M, Hormel Foods, and Knoxville Hospital & Clinics. Residents rely on state routes 5, 92, and 14 for commuting, with Des Moines International Airport 36 miles away. Knoxville also hosts significant events like the Living Windows Christmas celebration and the Marion County Christmas lights tour.

Frequently Asked Questions

How much does it cost to rent a home in Knoxville, IA?
The median rent for a home in Knoxville, IA is $1,370 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Knoxville, IA?
To comfortably afford the median rent in Knoxville, IA, a household needs to earn roughly $54,800 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 $1,370 per month in Knoxville, IA, renters typically need to show $4,110 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 Knoxville, IA?
In Knoxville, IA, the price-to-rent ratio is 12.2, 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.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,370
Median Single Family Home Rent
$1,923
Median Condo Rent
$813
How to Rent a Home