
Cheap Apartments for Rent in Allison, IA from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Allison.


Pheasant Hollow Apartments
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1224-1282 W Mullan Ave

228 Spaces - Furnished Micro-Living Apartments

Rolling Meadows Apartments

Gold Falls Villa Apartments

UNION HOUSE APARTMENTS

Brentwood Estates - Furnished & Unfurnished

Falls Edge Studios

Thunder Ridge Apartments
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Union at North Crossing

104 2nd Ave N

702 Sherman Ave

804 W 18th St
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Allison, IA Local Guide

How much does it cost to rent an apartment in Allison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Allison Studio Apartments | $922 | $675 | $1,300 |
Allison 1 Bedroom Apartments | $1,107 | $295 | $1,800 |
Allison 2 Bedroom Apartments | $1,260 | $525 | $2,500 |
Allison 3 Bedroom Apartments | $1,241 | $975 | $1,690 |
Allison 4 Bedroom Apartments | $595 | $295 | $895 |
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Allison, IA Local Guide
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Cheapest Available Allison Apartments for Rent and Nearby
 The cheapest available apartment rental in Allison, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $295. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Allison apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Residences on College Hill | Private Bedroom in a 4BR Unit-Furnished Common ... | 4BR,1BA | $295 |
Russell Lamson | Studio | Studio,1BA | $675 |
Pheasant Hollow Apartments | 2 Bed 1 Bath - 1274 Sq. Ft. | 2BR,1BA | $705 |
Gold Falls Villa Apartments | 1 BR/ 1 Bath | 1BR,1BA | $720 |
Le Chateau | 1BR/1.0BA | 1BR,1BA | $725 |
Best Value Apartments for Rent in Allison, IA and Nearby
As of August 29, 2025 the best value apartment in the Allison area is the $0.61 price per square foot 3 Bed 1 Bath Model at Pheasant Hollow Apartments in the starting from $850. The second greatest value Allison apartment is the 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave starting at $775 with a $0.70 price per square foot in the Downtown Waterloo neighborhood. Here is today’s list of the best values for Allison apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pheasant Hollow Apartments | 3 Bed 1 Bath | 3BR,1BA | $0.61 |
1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $0.70 |
Whispering Meadows Condominiums | Two Bedroom w/Attached Garage | 2BR,2BA | $1.20 |
Pineview Place Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.03 |
Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
2557 W 3rd St | 2 BR/ 1 BA | 2BR,1BA | $1.18 |
Residences on College Hill | Luxury 4-Bedroom 1-Bath Apartment! | 4BR,1BA | $1.11 |
1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.09 |
University Manor | 1 BR/ 1 BA (Sept '25 ) | 1BR,1BA | $1.26 |
Le Chateau | 1BR/1.0BA | 1BR,1BA | $1.20 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Allison, IA
Walk Score®
7 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
34 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Allison Apartments
What is the Cheapest Studio apartment in Allison?
Currently the most affordable Cheap Studio Apartment in Allison is at Russell Lamson listed at $675.
How much is rent for a Cheap One Bedroom Allison Apartment?
The lowest price for a Cheap One Bedroom Allison Apartment is $295 at Residences on College Hill.
What is the lowest price for a Cheap Two Bedroom Allison Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Allison is starting from $525 at Residences on College Hill.
What is the most affordable Allison Three Bedroom Apartment?
The best deal on a cheap Allison Three Bedroom Apartment rental is at 1224-1282 W Mullan Ave and starts from $775.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.