
Cheap Apartments for Rent in the Downtown Iowa City Neighborhood of Iowa City, IA from $600 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Iowa City area of Iowa City.


IA City Lofts

308 N Linn St

118 S Dubuque St

1165 S Riverside Dr

Total Monthly Price
23 S Dubuque St, Unit 1

Riverfront Crossings

1502 Crescent St
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.

Orchards & Woodlands

530 E Washington St

Apartments at Iowa

Apartments at Iowa

Michael Street Apartments

532 S Dubuque St

Del Ray Ridge Apartments

633 Walnut St
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.

Cross Park Avenue

625 E Burlington St

906 E Burlington Street Iowa City IA

Violet Square

415 S Van Buren St

631 S Van Buren St

SoDo Flats

Hawkeye Park
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.

530 N Dubuque St

Claremont Apartments

929 Iowa Ave

Altamont Apartments

Belmont Apartments

720 E Market St

521 Kirkwood Ave

Woodlands
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.

614 E Jefferson St

Lucas Street 4-Plex

Breckenridge Apartments
Downtown Iowa City, Iowa City, IA Local Guide

How much does it cost to rent an apartment in Downtown Iowa City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Iowa City Studio Apartments | $1,321 | $780 | $1,850 |
| Downtown Iowa City 1 Bedroom Apartments | $1,372 | $734 | $2,019 |
| Downtown Iowa City 2 Bedroom Apartments | $1,423 | $1,100 | $2,400 |
| Downtown Iowa City 3 Bedroom Apartments | $1,367 | $1,139 | $3,300 |
| Downtown Iowa City 4 Bedroom Apartments | $2,265 | $1,800 | $2,730 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Downtown Iowa City Neighborhood of Iowa City, IA.
See all Apartments in Iowa CityExplore Iowa City
Downtown Iowa City, Iowa City, IA Local Guide
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Cheapest Available Downtown Iowa City Apartments for Rent
 The cheapest available apartment rental in the Downtown Iowa City area of Iowa City, IA is a 1 Bed unit found at 308 N Linn St priced from $800. 1165 S Riverside Dr has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here are the most affordable Downtown Iowa City apartments for rent in Iowa City, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 308 N Linn St | Studio | 1BR,1BA | $800 |
| 1165 S Riverside Dr | Studio - Twin | Studio,1BA | $990 |
| Riverfront Crossings | Studio | Studio,1BA | $995 |
| Claremont Apartments | 2BR/1.0BA | 2BR,1BA | $1,025 |
| Belmont Apartments | 2BR/1.0BA | 2BR,1BA | $1,095 |
| Orchards & Woodlands | 2BR/1.0BA | 2BR,1BA | $1,100 |
| IA City Lofts | Large Studio Units | Studio,1BA | $1,275 |
| 811 E College St | One Bedroom | 1BR,1BA | $1,295 |
| 712 E Market St | Market Street Apartments | 2BR,1BA | $1,300 |
| Vogel House Apartments | 0BR/1.0BA | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Downtown Iowa City, IA
As of May 31, 2026 the best value apartment in the Downtown Iowa City area is the $0.88 price per square foot 4 bedroom 4 bath Model at 630 S Capitol in the in the Cottage Hill neighborhood starting from $1,365. The second greatest value Downtown Iowa City apartment is the 2BR/1.0BA Model at Orchards & Woodlands starting at $1,100 with a $1.22 price per square foot in the Fair Meadows neighborhood. Here is today’s list of the best values for Downtown Iowa City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 630 S Capitol | 4 bedroom 4 bath | 4BR,4BA | $0.88 |
| Orchards & Woodlands | 2BR/1.0BA | 2BR,1BA | $1.22 |
| Claremont Apartments | 2BR/1.0BA | 2BR,1BA | $1.16 |
| Belmont Apartments | 2BR/1.0BA | 2BR,1BA | $1.30 |
| The Nest Iowa City | B3 - 2x2 | 2BR,2BA | $1.68 |
| 712 E Market St | Market Street Apartments | 2BR,1BA | $1.68 |
| Whiteway Apartments | 0BR/1.0BA | Studio ,1BA | $2.07 |
| IA City Lofts | First Floor Units | Studio ,1BA | $2.23 |
| Riverfront Crossings | Studio | Studio ,1BA | $1.99 |
| 308 N Linn St | Studio | Studio ,1BA | $2.00 |
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.
Pet Friendly LifestyleDowntown Iowa City, Iowa City, IA
Ranked #12
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Iowa City Apartments
What is a cheap apartment in Downtown Iowa City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Iowa City is under $1,350.
What is the price of a cheap apartment in Downtown Iowa City?
The cheapest apartment in Downtown Iowa City is 308 N Linn St which is listed at $800, while the average apartment in Downtown Iowa City costs $2,265.
What types of apartments are the cheapest in Downtown 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 38 regular apartments in Downtown 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 Downtown Iowa City?
Cheap apartments in Downtown Iowa City have an average cost of $1,032 which is $1,233 cheaper than the average rent for all rentals in Downtown 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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.