Cheap Apartments for Rent in the Downtown Iowa City Neighborhood of Iowa City, IA from $600 (55 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 613 E College St

$695

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

613 E College St

Iowa CityIA52240
property at 736 Michael St

$815 - $885

1 Bedroom Rentals

Available Aug 1

736 Michael St

Iowa CityIA52246
property at 118 S Dubuque St

$895 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$895 - $995
Total Monthly Price
$895 - $995

Studio To 1 Bedroom Condos for Rent

Available Aug 1

118 S Dubuque St

Iowa CityIA52240
property at 123 Iowa Ave

$899 - $950

1 Bedroom Rentals

Available Now

123 Iowa Ave

Iowa CityIA52240

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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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.

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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

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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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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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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Hawkeye Park
1 to 2 Bedroom Apartments

Hawkeye Park

432 S Dubuque StIowa City, IA 52240
Student Housing
  • Utilities Included
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530 N Dubuque St
2 Bedroom Apartments

530 N Dubuque St

530 N Dubuque StIowa City, IA 52245
  • Utilities Included

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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929 Iowa Ave
2 Bedroom Apartments

929 Iowa Ave

929 Iowa AveIowa City, IA 52240
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720 E Market St
2 Bedroom Apartments

720 E Market St

720 E Market StIowa City, IA 52245
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Lucas Street 4-Plex
3 to 4 Bedroom Apartments

Lucas Street 4-Plex

641 S Lucas StIowa City, IA 52240
  • 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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Showing Results 1-50, Page 1 of 2

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. Whiteway 2000 has the second lowest priced unit, which is a Studio apartment currently listed from $900. 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
Whiteway 2000StudioStudio,1BA$900
1165 S Riverside DrStudio - TwinStudio,1BA$990
SoDo FlatsStudioStudio,1BA$995
Riverfront CrossingsStudioStudio,1BA$995
Claremont Apartments2BR/1.0BA2BR,1BA$1,025
Belmont Apartments2BR/1.0BA2BR,1BA$1,095
Orchards & Woodlands2BR/1.0BA2BR,1BA$1,100
Vogel HouseStudioStudio,1BA$1,150
712 E Market StMarket Street Apartments2BR,1BA$1,300

Best Value Apartments for Rent in Downtown Iowa City, IA

As of April 14, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
630 S Capitol4 bedroom 4 bath4BR,4BA$0.88
Orchards & Woodlands2BR/1.0BA2BR,1BA$1.22
Claremont Apartments2BR/1.0BA2BR,1BA$1.16
Belmont Apartments2BR/1.0BA2BR,1BA$1.30
712 E Market StMarket Street Apartments2BR,1BA$1.68
The Nest Iowa CityB2 - 2x22BR,2BA$1.68
Whiteway 2000StudioStudio ,1BA$1.80
Riverfront CrossingsStudioStudio ,1BA$1.99
SoDo FlatsStudioStudio ,1BA$2.14
308 N Linn StStudioStudio ,1BA$2.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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Pet Friendly Lifestyle
Downtown Iowa City, Iowa City, IA

Ranked #11

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,300.

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 33 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 $880 which is $1,385 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

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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.

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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.

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

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.