Cheap Homes for Rent in Iowa City, IA from $600 (29 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

412 6th Ave
CoralvilleIA52241

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 20 N Dodge St

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

20 N Dodge St, Unit #1

20 N Dodge St
Iowa CityIA52245

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.

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.

property at 100 Grandview Ct

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

100 Grandview Ct

Iowa CityIA52246
property at 109 S Johnson St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

109 S Johnson St

Iowa CityIA52240
property at 300 Grandview Ct

$1,300

2 Bedroom, 1 Bath Condo for Rent

Available Now

300 Grandview Ct

Iowa CityIA52246

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 888 Boston Way

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 2 Bath Condo for Rent

Available Now

888 Boston Way

CoralvilleIA52241

Iowa City, IA Local Guide

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 07/05/2026

Current apartment rentals in the Iowa City, IA area range in price from $625 to $4,000 with an overall median price of $3,594. The three Iowa City neighborhoods with the lowest median rent pricing are Peninsula Neighborhood at $1,200, Roosevelt at $1,145, and Ruppert Hills at $1,145. 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
Peninsula Neighborhood$2,625$1,2002
Roosevelt$2,800$1,1458
Ruppert Hills$2,900$1,1456
Cottage Hill$2,950$1,1455
Horn$2,950$1,0504
Terrace Hill$2,950$1,1455
Weber$2,950$8503
Westgate$2,950$1,0503
County Center$4,000$62510
Court Hill$4,000$62510

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
Seville1 BR - Sublet1BR,1BA$905
1165 S Riverside DrStudio - TwinStudio,1BA$990
Riverfront CrossingsStudioStudio,1BA$995
808 on 5thStudioStudio,1BA$995
Belmont Apartments2BR/1.0BA2BR,1BA$1,095

Best Value Apartments for Rent in Iowa City, IA

As of July 05, 2026 the best value apartment in the Iowa City area is the $1.44 price per square foot G Model at The Hawthorne in the in the The Pond's Edge neighborhood starting from $1,800. The second greatest value Iowa City apartment is the C1 - 3x3 Model at The Quarters Iowa City starting at $695 with a $0.59 price per square foot in the Fair Meadows 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 HawthorneG3BR,2BA$1.44
The Quarters Iowa CityC1 - 3x33BR,3BA$0.59
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.25
Sycamore ApartmentsTwo Bedroom with W/D2BR,1BA$1.37
Belmont Apartments2BR/1.0BA2BR,1BA$1.30
The Nest Iowa CityB3 - 2x22BR,2BA$1.68
Nex Senior (55+) ApartmentsTwo Bedroom2BR,1BA$1.70
712 E Market StMarket Street Apartments2BR,1BA$1.68
Forest Ridge2 Bed/2 Bath2BR,2BA$1.60
Seville1 BR - Sublet1BR,1BA$1.34

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.

Read Article
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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 267 Apartments for Rent in Iowa City, IA with pricing that ranges from $695 to $3,300. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa City ranging from $625 to $4,000.

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 $4,000 with an average monthly rent of $2,072.

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 $1,250 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,000 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

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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.

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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.