Cheap New Apartments for Rent in Iowa City, IA from $600 (10 Rentals)

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

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Apartments at Iowa
Built in 20181 Bedroom Apartments

Apartments at Iowa

507 E College StIowa City, IA 52240
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The Overlook
Built in 20161 to 2 Bedroom Apartments

The Overlook

3155 Shire LnIowa City, IA 52240
  • Utilities Included

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.

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Breckenridge Apartments
Built in 20191 to 3 Bedroom Apartments

Breckenridge Apartments

707 S Dubuque StIowa City, IA 52240
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RS Tower
Built in 2018Studio to 2 Bedroom Apartments

RS Tower

1708 5th StCoralville, IA 52241
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Old Town I &  II
Built in 2016Studio to 3 Bedroom Apartments

Old Town I & II

345 Clark DrCoralville, IA 52241
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Riverview on First
Built in 20171 Bedroom Apartments

Riverview on First

570 1st AveCoralville, IA 52241

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.

Iowa City, IA Local Guide

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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Real 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.

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

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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 $1,045.

What is the price of a cheap apartment in Iowa City?

The cheapest apartment in Iowa City is 308 N Linn St which is listed at $800, while the average apartment in Iowa City costs $1,917.

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 565 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 $742 which is $1,175 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

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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.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.