Cheap Homes for Rent in Allison, IA from $600 (14 Rentals)

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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
Pheasant Hollow Apartments2 Bed 1 Bath - 1274 Sq. Ft.2BR,1BA$705
Le Chateau1BR/1.0BA1BR,1BA$725
1224-1282 W Mullan Ave3 BR/ 1 BA3BR,1BA$775

Best Value Apartments for Rent in Allison, IA and Nearby

As of October 13, 2025 the best value apartment in the Allison area is the $0.55 price per square foot 2 Bed 1 Bath - 1274 Sq. Ft. Model at Pheasant Hollow Apartments in the starting from $705. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pheasant Hollow Apartments2 Bed 1 Bath - 1274 Sq. Ft.2BR,1BA$0.55
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

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Frequently Asked Questions about Allison

What type of rentals are currently available in Allison?

There are currently 46 Apartments for Rent in Allison, IA with pricing that ranges from $295 to $2,500. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allison ranging from $650 to $2,800.

What is the current price range for Rental Homes in Allison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Allison ranges from $650 to $2,800 with an average monthly rent of $1,487.

How much are larger Three and Four Bedroom Rentals in Allison?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Allison range from $775 to $1,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $895.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.