Cheap Homes for Rent in Iowa City, IA from $600 (37 Rentals)

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

property at 412 6th Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 2 Bath Condo for Rent

Available Aug 1

412 6th Ave, Unit 8, Unit 8

412 6th Ave
CoralvilleIA52241
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

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.

property at 1502 Crescent St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Home for Rent

Available Jun 8

1502 Crescent St

Iowa CityIA52240

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.

property at 2262 Holiday Rd

$1,050 - $1,150

2 Bedroom Rentals

Available Aug 1

2262 Holiday Rd

CoralvilleIA52241
property at 102 Grandview Ct

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

102 Grandview Ct, Unit 102, Unit 102

102 Grandview Ct
Iowa CityIA52246

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.

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.

property at 100 Grandview Ct

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

100 Grandview Ct

Iowa CityIA52246

Iowa City, IA Local Guide

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 05/21/2026

Current apartment rentals in the Iowa City, IA area range in price from $625 to $4,600 with an overall median price of $3,866. The three Iowa City neighborhoods with the lowest median rent pricing are Weber at $850, Ruppert Hills at $750, and Cottage Hill 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
Weber$2,200$8509
Ruppert Hills$2,450$7504
Cottage Hill$2,600$9003
Terrace Hill$2,600$7504
Peninsula Neighborhood$2,625$9954
Horn$2,692$9004
Westgate$2,692$9004
Roosevelt$2,800$7504
County Center$4,600$6257
Court Hill$4,600$62511

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$850
Regency Heights (55+ Community)One Bedroom1BR,1BA$875
Sycamore ApartmentsOne Bedroom Units1BR,1BA$910
1165 S Riverside DrStudio - TwinStudio,1BA$990
Riverfront CrossingsStudioStudio,1BA$995
808 on 5thStudioStudio,1BA$995
Claremont Apartments2BR/1.0BA2BR,1BA$1,025

Best Value Apartments for Rent in Iowa City, IA

As of May 21, 2026 the best value apartment in the Iowa City area is the $1.32 price per square foot The Willow, Lot 158 - 1648... Model at The Willow, Lot 158 in the in the Coralview Heights neighborhood starting from $2,000. The second greatest value Iowa City apartment is the G Model at The Hawthorne starting at $1,800 with a $1.44 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.
The Willow, Lot 158The Willow, Lot 158 - 1648...3BR,2BA$1.32
The HawthorneG3BR,2BA$1.44
The Quarters Iowa CityC1 - 3x33BR,3BA$0.59
Newton Pointe Apartments3 bed 1 bath3BR,1BA$1.30
1453-1458 Eastview Dr1455 Eastview2BR,1.5BA$1.08
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.25
Orchards & Woodlands2BR/1.0BA2BR,1BA$1.22
Claremont Apartments2BR/1.0BA2BR,1BA$1.16
Belmont Apartments2BR/1.0BA2BR,1BA$1.30
Regency Heights (55+ Community)One Bedroom1BR,1BA$1.43

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

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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 Iowa City

What type of rentals are currently available in Iowa City?

There are currently 273 Apartments for Rent in Iowa City, IA with pricing that ranges from $695 to $3,300. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa City ranging from $625 to $4,600.

What is the current price range for Rental Homes in Iowa City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Iowa City ranges from $625 to $4,600 with an average monthly rent of $1,961.

How much are larger Three and Four Bedroom Rentals in Iowa City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Iowa City range from $695 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,800.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.