Apartments for Rent in Indianola, IA

Prices and availability in Indianola, IA were last updated on 24 Jun 2026.

The best apartments in Indianola, IA are: Foxwood Apartments, Williams Terrace, 1203 West 2nd Avenue and 205 W Boston Ave, Unit 1.

The average rent in Indianola, IA is $877.

The price range for a studio apartment in Indianola, IA is between $716 and $1,073.

The price range for a 1-bedroom apartment in Indianola, IA is between $714 and $1,350.

The price range for a 2-bedroom apartment in Indianola, IA is between $790 and $1,500.

In Indianola, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Indianola's rentals, 73% are small-scale complexes with under 50 units, and 16% are single-family rentals.

The average age of rental buildings in Indianola is 41 years old, with 8% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Indianola come in a range of sizes and floorplans. Studio apartments represent 0.5% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 33% of the total apartments in the city, while 2-bedroom floorplans represent around 64% of all rentals in Indianola. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.