Apartments for Rent in Indianola, IA

Prices and availability in Indianola, IA were last updated on 2 Jun 2026.

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

The average rent in Indianola, IA is $862.

The price range for a 1-bedroom apartment in Indianola, IA is between $1,200 and $1,300.

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 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 39 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.

Studio apartments in Indianola are around 0.5% of rentals, while 1-bedroom floor plans represent 33% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 64% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.