Cheap Apartments for Rent in Allison, IA from $300 (15 Rentals)

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Le Chateau
1 to 2 Bedroom Apartments

Le Chateau

733-747 Russell RdWaterloo, IA 50701
  • Utilities Included
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Allison, IA Local Guide

Cheapest Available Allison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Allison, IA is a 1 Bed 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 ListingModel NameBed/BathPriced From
Residences on College HillPrivate Bedroom in a 4 Bedroom Unit-Only $295/M...1BR,1BA$295
Russell LamsonStudioStudio,1BA$675
Le Chateau1BR/1.0BA1BR,1BA$725
Meadow Ridge Apartments2 BR/ 1 BA2BR,1BA$775
1224-1282 W Mullan Ave3 BR/ 1 BA3BR,1BA$775

Best Value Apartments for Rent in Allison, IA and Nearby

As of October 14, 2025 the best value apartment in the Allison area is the $0.70 price per square foot 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave in the in the Downtown Waterloo neighborhood starting from $775. The second greatest value Allison apartment is the 2 Bedroom/1 Bath Model at Pineview Place Apartments starting at $1,025 with a $1.03 price per square foot . Here is today’s list of the best values for Allison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1224-1282 W Mullan Ave3 BR/ 1 BA3BR,1BA$0.70
Pineview Place Apartments2 Bedroom/1 Bath2BR,1BA$1.03
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Cedar Village Community2 Bed 1 Bath2BR,1BA$1.08
Residences on College HillLive Large for Less – Spacious 4-Bedroom Apartm...4BR,1BA$0.99
University Manor2 bedroom/1 bath (Oct '25)2BR,1BA$1.16
Meadow Ridge Apartments2 BR/ 1 BA2BR,1BA$0.93
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.09
1637 Carriage Hill2BR/1.0BA2BR,1BA$1.14
Le Chateau1BR/1.0BA1BR,1BA$1.20

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.