Cheap Apartments for Rent in the Downtown Iowa City Neighborhood of Iowa City, IA from $650 (36 Rentals)

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

property at 710 Kirkwood Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

4 Bedroom, 1 Bath Home for Rent

Available Sep 1

710 Kirkwood Ave, Unit 710

710 Kirkwood Ave
Iowa CityIA52240
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Apartments at Iowa
1 Bedroom Apartments

Apartments at Iowa

507 E College StIowa City, IA 52240
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Apartments at Iowa
Studio to 6 Bedroom Apartments

Apartments at Iowa

355 S Gilbert StIowa City, IA 52240
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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
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1165 S Riverside Dr
Studio to 3 Bedroom Apartments

1165 S Riverside Dr

1165 S Riverside DrIowa City, IA 52246
Student Housing
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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631 S Van Buren St
1 to 3 Bedroom Apartments

631 S Van Buren St

631 S Van Buren StIowa City, IA 52240
Student Housing
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SoDo Flats
Studio to 2 Bedroom Apartments

SoDo Flats

322 E Prentiss StIowa City, IA 52240
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Hawkeye Park
1 to 2 Bedroom Apartments

Hawkeye Park

432 S Dubuque StIowa City, IA 52240
Student Housing
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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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929 Iowa Ave
2 Bedroom Apartments

929 Iowa Ave

929 Iowa AveIowa City, IA 52240
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The Altamont
2 Bedroom Apartments

The Altamont

321 N Johnson StIowa City, IA 52245
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720 E Market St
2 Bedroom Apartments

720 E Market St

720 E Market StIowa City, IA 52245

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Woodlands
2 Bedroom Apartments

Woodlands

2010-2110 Broadway StIowa City, IA 52240
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Lucas Street 4-Plex
3 to 4 Bedroom Apartments

Lucas Street 4-Plex

641 S Lucas StIowa City, IA 52240
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Keokuk Street
1 to 2 Bedroom Apartments

Keokuk Street

2001 Keokuk StIowa City, IA 52240
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811 E College St
Studio to 2 Bedroom Apartments

811 E College St

811 E College StIowa 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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Showing Results 1-36, Page 1 of 1

Downtown Iowa City, Iowa City, IA Local Guide

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. 840 Maggard Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Downtown Iowa City apartments for rent in Iowa City, IA:

Apartment ListingModel NameBed/BathPriced From
308 N Linn StStudio1BR,1BA$800
840 Maggard Street2BR/1.0BA2BR,1BA$995
Riverfront CrossingsStudioStudio,1BA$995
Riverview WestStudioStudio,1BA$1,150
712 E Market StMarket Street Apartments2BR,1BA$1,300
Manville Terrace2x12BR,1BA$1,400
Cornerstone ApartmentsCornerstone - 600 S Capitol St - Leasing 3 Bedr...3BR,3BA$2,100

Best Value Apartments for Rent in Downtown Iowa City, IA

As of August 30, 2026 the best value apartment in the Downtown Iowa City area is the $1.48 price per square foot 3 Bedroom Model at Riverview West in the in the Cottage Hill neighborhood starting from $2,170. The second greatest value Downtown Iowa City apartment is the Cornerstone - 600 S Capitol St - Leasing 3 Bedr... Model at Cornerstone Apartments starting at $2,100 with a $1.94 price per square foot in the Cottage Hill neighborhood. Here is today’s list of the best values for Downtown Iowa City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Riverview West3 Bedroom3BR,2BA$1.48
Cornerstone ApartmentsCornerstone - 600 S Capitol St - Leasing 3 Bedr...3BR,3BA$1.94
712 E Market StMarket Street Apartments2BR,1BA$1.68
The Nest Iowa CityB2 - 2x22BR,2BA$1.70
ReplayB32BR,2BA$1.73
840 Maggard Street2BR/1.0BA2BR,1BA$1.52
Riverfront CrossingsStudioStudio ,1BA$1.99
308 N Linn StStudioStudio ,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.

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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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Pet Friendly Lifestyle
Downtown Iowa City, Iowa City, IA

Ranked #12

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Iowa City Apartments

What is the Cheapest Studio apartment in Downtown Iowa City?

Currently the most affordable Cheap Studio Apartment in Downtown Iowa City is at 308 N Linn St listed at $800.

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Iowa City is starting from $995 at 840 Maggard Street.

What is the most affordable Downtown Iowa City Three Bedroom Apartment?

The best deal on a cheap Downtown Iowa City Three Bedroom Apartment rental is at Cornerstone Apartments and starts from $2,100.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.