After the arrival of Sheffield United striker Jon Stead, Jim feels he has enough cover and quality up front to see him through to January.
Rhodes is the second striker at Town to go out on loan this season, Billy Clarke being other who is currently at Darlington.
Jim feels its best if the 18-year-old was to go out and get some experience rather than wait in the wings at Portman Road, behind the likes of Pablo Counago, Kevin Lisbie and Jon Stead.
Jim told the club website: "We have let Jordan go out on loan for a month. When the opportunity came up, he was happy to say yes and we are happy for him to go, but it's only for a month at this stage.
He benefited from his loan spell at Oxford (last season) and going to Rochdale will allow him to play first team football week-in, week-out, which can only be good for his long-term progress here."
It is an important time in the youngsters career and he needs to be playing football to reach his full potential, unlike others at Town who have failed to do so, Bowditch being a prime example.
It is the second time Rhodes has been sent out on loan in his career, with Oxford United acquiring his services last season.
The young striker was all in favour for the move and told the club: "Chances have been limited at Ipswich during the start to the season with a couple of signings coming in, so hopefully I can come here and help to improve the team.
I like to think that I can keep the ball, that I can move defences around a bit, have a bit of an aerial presence and like to score a goal or two now and then. Hopefully, I can continue what I have done at reserve team and youth level at Ipswich."