Cheap Apartments for Rent in Iowa City, IA from $600 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in Iowa City.

property at 1305 Sunset St

$825 - $850

2 Bedroom Rentals

Available Aug 1

1305 Sunset St

Iowa CityIA52246
property at 736 Michael St

$815 - $885

1 Bedroom Rentals

Available Aug 1

736 Michael St

Iowa CityIA52246

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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812 Benton Dr, Unit #11
$1,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095
2 Bedroom Apartment Available Aug 1

812 Benton Dr, Unit #11

812 Benton DrIowa City, IA 52246
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806 Benton Dr, Unit 31
$1,175
Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175
2 Bedroom Apartment Available Jul 6

806 Benton Dr, Unit 31

806 Benton DrIowa City, IA 52246
Affordability
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Apartments at Iowa
Studio to 6 Bedroom Apartments

Apartments at Iowa

355 S Gilbert StIowa City, IA 52240
  • Utilities Included
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Apartments at Iowa
1 Bedroom Apartments

Apartments at Iowa

507 E College StIowa City, IA 52240
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Carriage Hill
1 to 2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
Corporate Housing
  • Utilities Included
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Finkbine Lane
1 to 2 Bedroom Apartments

Finkbine Lane

302 Finkbine LnIowa City, IA 52246
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Sycamore Coop
1 Bedroom Apartments

Sycamore Coop

2001 Kountry Ln SEIowa City, IA 52240
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Oakcrest
1 to 2 Bedroom Apartments

Oakcrest

801 Oakcrest StIowa City, IA 52246
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Cross Park Avenue
2 Bedroom Apartments

Cross Park Avenue

801-845 Cross Park AveIowa City, IA 52240
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625 E Burlington St
Studio to 1 Bedroom Apartments

625 E Burlington St

625 E Burlington StIowa City, IA 52240
Student Housing
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Violet Square
Studio to 3 Bedroom Apartments

Violet Square

501-511 S Gilbert StIowa City, IA 52240
  • Utilities Included
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Whiteway 2000
Studio to 1 Bedroom Apartments

Whiteway 2000

210 S Clinton StIowa City, IA 52240
Student Housing
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Parish Apartments
Studio Apartments

Parish Apartments

108 McLean StIowa City, IA 52246
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5 Woolf Ave
2 Bedroom Apartments

5 Woolf Ave

5 Woolf AveIowa City, IA 52246
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530 N Dubuque St
2 Bedroom Apartments

530 N Dubuque St

530 N Dubuque StIowa City, IA 52245
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Hawkeye Park
1 to 2 Bedroom Apartments

Hawkeye Park

432 S Dubuque StIowa City, IA 52240
Student Housing
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Iowa City, IA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 03/14/2026

Current apartment rentals in the Iowa City, IA area range in price from $625 to $4,800 with an overall median price of $4,225. The three Iowa City neighborhoods with the lowest median rent pricing are Peninsula Neighborhood at $850, Cottage Hill at $995, and Horn at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Iowa City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Peninsula Neighborhood$2,950$8507
Cottage Hill$3,200$99511
Horn$3,200$90018
Roosevelt$3,200$89514
Ruppert Hills$3,200$89512
Terrace Hill$3,200$89511
Westgate$3,200$90017
Weber$3,600$85021
County Center$4,800$62521
Court Hill$4,800$62530

Cheapest Available Iowa City Apartments for Rent

 

The cheapest available apartment rental in Iowa City, IA is a Studio unit found at Lakewood Hills Apartments in the Old Mill Creek neighborhood priced from $695. 308 N Linn St in the Fair Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Iowa City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudioStudio,1BA$695
308 N Linn StStudio1BR,1BA$800
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
Forest Ridge1 Bed/1 Bath1BR,1BA$830
Regency Heights (55+ Community)One Bedroom1BR,1BA$875
Parkside Manor1 Bdrm-LL1BR,1BA$880
Sycamore ApartmentsOne Bedroom Units1BR,1BA$910
Park Place2 Bdrm2BR,1BA$915
1165 S Riverside DrStudio - TwinStudio,1BA$990
808 on 5thStudioStudio,1BA$995

Best Value Apartments for Rent in Iowa City, IA

As of March 14, 2026 the best value apartment in the Iowa City area is the $1.20 price per square foot 3BR/2.0BA Model at Walden Ridge Townhomes in the in the Westgate neighborhood starting from $1,650. The second greatest value Iowa City apartment is the G Model at The Hawthorne starting at $1,700 with a $1.36 price per square foot in the The Pond's Edge neighborhood. Here is today’s list of the best values for Iowa City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walden Ridge Townhomes3BR/2.0BA3BR,2BA$1.20
The HawthorneG3BR,2BA$1.36
The Quarters Iowa CityC1 - 3x33BR,3BA$0.59
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.26
Orchards & Woodlands2BR/1.0BA2BR,1BA$1.22
Claremont Apartments2BR/1.0BA2BR,1BA$1.16
Belmont Apartments2BR/1.0BA2BR,1BA$1.30
The Banks Student Living2x2 A2BR,2BA$1.04
Park Place2 Bdrm2BR,1BA$1.22
Parkside Manor1 Bdrm-LL1BR,1BA$1.35

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Iowa City Overview

Iowa City is the perfect town for people of all ages. From the lively college scene to the quaint and cultural qualities throughout the many neighborhoods, Iowa City should be a top pick for many apartment-seekers. Additionally, Iowa City apartments cost much less than apartments around the country, so finding your next apartment in the area can also be very beneficial for your wallet. Whether you enjoy watching a competitive college football game or you like a peaceful bike ride around town, Iowa City is the perfect place to call home and enjoy life to the fullest.

Why live in Iowa City, IA?

If you love mild temperatures, peace and quiet, and a quaint college town, then Iowa City is perfect for you. This town is ideal for raising a family, enjoying retirement, or just trying somewhere new. And with a bustling sports scene, many historic buildings, and a thriving economy, Iowa City is a great place to live.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Iowa City, IA Rentals by Map

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Frequently Asked Questions about Cheap Iowa City Apartments

What is the Cheapest Studio apartment in Iowa City?

Currently the most affordable Cheap Studio Apartment in Iowa City is at Lakewood Hills Apartments listed at $695.

How much is rent for a Cheap One Bedroom Iowa City Apartment?

The lowest price for a Cheap One Bedroom Iowa City Apartment is $800 at 308 N Linn St.

What is the lowest price for a Cheap Two Bedroom Iowa City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Iowa City is starting from $812 at Aspire at West Campus.

What is the most affordable Iowa City Three Bedroom Apartment?

The best deal on a cheap Iowa City Three Bedroom Apartment rental is at Newton Pointe Apartments and starts from $1,425.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.