The proliferation of Internet of Things (IoT) devices, such as trackers and sensors, necessitates a delicate balance between device miniaturization and performance. This extends to the antenna system, which must be both efficient and multiband operational while fitting within space-constrained electronic enclosures. Traditional antennas, however, struggle to meet these miniaturization demands. Reconfigurable antennas have emerged as a promising solution for adapting their frequency, radiation pattern, or polarization in response to changing requirements, making them ideal for IoT applications. Among various reconfiguration techniques (electrical, mechanical, optical, and material-based), electrical reconfiguration reigns supreme for IoT applications. Its suitability for compact devices, cost-effectiveness, and relative simplicity make it the preferred choice. This paper reviews various approaches to realizing IoT reconfigurable antennas, with a focus on electrical reconfiguration techniques. It categorizes these techniques based on their implementation, including PIN diodes, digital tunable capacitors (DTCs), varactor diodes, and RF switches. It also explores the challenges associated with the development and characterization of IoT reconfigurable antennas, evaluates the strengths and limitations of existing methods, and identifies open challenges for future research. Importantly, the growing trend towards smaller IoT devices has led to the development of antenna boosters. These components, combined with advanced reconfiguration techniques, offer new opportunities for enhancing antenna performance while maintaining a compact footprint.