
Cheap Homes for Rent near Allerton, IA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Allerton.


2251 Fairfax Dr

1321 Army Post Rd

410 N Grant 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.

1317 B Ave W

341 E Leland Ave

1549 Pleasant View Dr

1319 B Ave W
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.

302 Porter Ave
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 | $1,357 | $750 | $2,300 |
| Allerton 3 Bedroom Homes for Rent | $1,848 | $1,195 | $2,950 |
| Allerton 4 Bedroom Homes for Rent | $2,114 | $1,625 | $2,595 |
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 Jefferson Building priced from $415. Centerville Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Allerton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jefferson Building | Studio | Studio,1BA | $415 |
| Centerville Senior Lofts | The Dublin | 2BR,1BA | $600 |
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $650 |
Best Value Apartments for Rent in Allerton, IA and Nearby
As of July 14, 2026 the best value apartment in the Allerton area is the $1.00 price per square foot 3 bed 2 bath Model at Sunset Terrace in the in the Easton Park neighborhood starting from $1,220. The second greatest value Allerton apartment is the 3 Bedroom Model at The Meadows starting at $995 with a $0.95 price per square foot in the Somerset neighborhood. 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. |
|---|---|---|---|
| Sunset Terrace | 3 bed 2 bath | 3BR,2BA | $1.00 |
| The Meadows | 3 Bedroom | 3BR,2BA | $0.95 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Next Level Apartments - Easton Village | C1 | 3BR,1BA | $0.90 |
| Centerville Senior Lofts | The Dearborn | 2BR,1BA | $0.83 |
| The Ridges | 2 Bedroom Regular | 2BR,1BA | $0.89 |
| Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $0.94 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.00 |
| Jefferson Building | 1 Bedroom | 1BR,1BA | $0.82 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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!
Explore Allerton, IA Rentals by Map
See the most popular apartments and homes in Allerton, IA
Frequently Asked Questions about Allerton
What type of rentals are currently available in Allerton?
There are currently 63 Apartments for Rent in Allerton, IA with pricing that ranges from $415 to $2,077. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allerton ranging from $750 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 $750 to $2,950 with an average monthly rent of $1,681.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.