
Cheap 3 Bedroom Apartments for Rent in Iowa City, IA from $695 (9 Rentals)


2715 Wayne Ave

Lucas Street 4-Plex

Dodge Street Apartments
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.

The Paddock

Apartments at Iowa

631 S Van Buren St

Phoenix Condominiums Apartments
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Riverview Square
Iowa City, IA Local Guide

How much does it cost to rent an apartment in Iowa City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Iowa City Studio Apartments | $1,230 | $695 | $1,550 |
| Iowa City 1 Bedroom Apartments | $1,330 | $830 | $2,019 |
| Iowa City 2 Bedroom Apartments | $1,312 | $812 | $2,400 |
| Iowa City 3 Bedroom Apartments | $1,271 | $695 | $3,300 |
| Iowa City 4 Bedroom Apartments | $2,030 | $1,790 | $2,730 |
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Iowa City, IA Local Guide
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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.
Best Local Schools in Iowa City, IA
Lincoln Elementary School
Iowa City High School
Southeast Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Iowa City, IA Rentals by Map
See the most popular apartments and homes in Iowa City, IA
Frequently Asked Questions about Cheap Iowa City Apartments
What is a cheap apartment in Iowa City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Iowa City is under $1,095.
What is the price of a cheap apartment in Iowa City?
The cheapest apartment in Iowa City is Newton Pointe Apartments which is listed at $1,425, while the average apartment in Iowa City costs $1,897.
What types of apartments are the cheapest in Iowa City?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 570 regular apartments in Iowa City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Iowa City?
Cheap apartments in Iowa City have an average cost of $740 which is $1,157 cheaper than the average rent for all rentals in Iowa City.
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.