Apartments for Rent in Indianola, IA

Prices and availability in Indianola, IA were last updated on 4 May 2026.

The best apartments in Indianola, IA are: Foxwood Apartments, 1203 West 2nd Avenue and Williams Terrace.

The average rent in Indianola, IA is $877.

The price range for a studio apartment in Indianola, IA is between $722 and $1,110.

The price range for a 1-bedroom apartment in Indianola, IA is between $722 and $999.

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

In Indianola, 31% of the residents are renting compared to 69% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 6% of Indianola's rentals, 77% are small-scale complexes with under 50 units, and 15% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Indianola are about 41 years old, on average. Of these, 8% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.