
Cheap Homes for Rent in Allerton, IA from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Allerton.


108 N 1st St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1207 N 6th St

3422 SW 8th St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2000 Meadow Ct
Allerton, IA Local Guide

How much does it cost to rent a home in Allerton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Allerton 2 Bedroom Homes for Rent | $1,224 | $1,095 | $1,500 |
| Allerton 3 Bedroom Homes for Rent | $1,903 | $1,445 | $2,950 |
| Allerton 4 Bedroom Homes for Rent | $2,073 | $1,250 | $2,650 |
| Allerton 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Top Homes for Rent in Allerton
Explore Allerton
Allerton, IA Local Guide
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Cheapest Available Allerton Apartments for Rent and Nearby
 The cheapest available apartment rental in Allerton, IA is a Studio unit found at Karlton Apartments priced from $415. Rollins Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $470. Here is today’s list of the most affordable Allerton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Karlton Apartments | Studio | Studio,1BA | $415 |
| Rollins Apartments | 1 Bedroom | 1BR,1BA | $470 |
| Jefferson Building | 1 Bedroom | 1BR,1BA | $470 |
Best Value Apartments for Rent in Allerton, IA and Nearby
As of April 15, 2026 the best value apartment in the Allerton area is the $0.62 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,188. The second greatest value Allerton apartment is the Cottage - 3 Model at Northern Plains by Kading starting at $985 with a $0.80 price per square foot . Here is today’s list of the best values for Allerton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Asbury Heights | Four Bedroom | 4BR,2BA | $0.62 |
| Northern Plains by Kading | Cottage - 3 | 3BR,2BA | $0.80 |
| The Meadows | 3 Bedroom | 3BR,2BA | $0.95 |
| Country Club Estates | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.93 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Cherry Creek | Move in special ending soon. Rent your home tod... | 3BR,1BA | $0.99 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
| Rollins Apartments | 1 Bedroom | 1BR,1BA | $0.70 |
| Jefferson Building | 1 Bedroom | 1BR,1BA | $0.82 |
| Karlton Apartments | Studio | Studio ,1BA | $0.83 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Allerton
What type of rentals are currently available in Allerton?
There are currently 60 Apartments for Rent in Allerton, IA with pricing that ranges from $415 to $1,965. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allerton ranging from $585 to $2,950.
What is the current price range for Rental Homes in Allerton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Allerton ranges from $585 to $2,950 with an average monthly rent of $1,613.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.