
Cheap Homes for Rent in Iowa City, IA from $400 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Iowa City.


2130 Davis St

944 Spring Ridge Dr
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.

944 Spring Ridge Dr

944 Spring Ridge Dr

1102 21st Ave Pl

1104 21st Ave Pl

429 N Gilbert St

322 Friendship St
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.

504 2nd Ave

1632 5th St

708 Westwinds Dr

812 Benton Dr

2432 Petsel Pl

523 S Scott Blvd

452 Peterson St

304 4th Ave
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.

408 Westgate St

1803 5th St, Unit 2

833 Maggard St

801 Melrose Ave

11 Arbor Hill Cir

12 Green Mountain Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2865 Spring Rose Cir

2953 Heinz Rd
Iowa City, IA Local Guide

How much does it cost to rent a home in Iowa City?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Iowa City 2 Bedroom Homes for Rent | $1,407 | $900 | $2,700 |
Iowa City 3 Bedroom Homes for Rent | $1,969 | $1,200 | $3,200 |
Iowa City 4 Bedroom Homes for Rent | $2,360 | $900 | $4,500 |
Iowa City 5 Bedroom Homes for Rent | $2,700 | $2,500 | $2,900 |
Browse Top Homes for Rent in Iowa City
Explore Iowa City
Iowa City, IA Local Guide
- Iowa City Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Iowa City, IA
Pricing Updated: 07/30/2025Current apartment rentals in the Iowa City, IA area range in price from $695 to $3,350 with an overall median price of $1,763. The three Iowa City neighborhoods with the lowest median rent pricing are Oak Woods at $695, Court Hill at $695, and Northside at $1,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Iowa City Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Oak Woods | $1,175 | $695 | 6 |
Court Hill | $1,230 | $695 | 7 |
Northside | $1,600 | $1,050 | 4 |
Cottage Hill | $1,650 | $830 | 13 |
Horn | $1,650 | $830 | 6 |
Westgate | $1,650 | $830 | 6 |
Pepperwood | $1,725 | $695 | 36 |
Roosevelt | $1,725 | $830 | 36 |
Ruppert Hills | $1,725 | $830 | 35 |
Terrace Hill | $1,725 | $830 | 36 |
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. Aspire at West Campus in the Coralview Heights neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $812. Here is today’s list of the most affordable Iowa City apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lakewood Hills Apartments | Studio Gold | Studio,1BA | $695 |
Aspire at West Campus | 2x2 Herky - Unfurnished | 2BR,2BA | $812 |
Knollridge Garden Apartments | 2 Bedroom | 2BR,1BA | $875 |
Regency Heights (55+ Community) | One Bedroom | 1BR,1BA | $935 |
1165 S Riverside Dr | Studio - Twin | Studio,1BA | $990 |
Best Value Apartments for Rent in Iowa City, IA
As of July 30, 2025 the best value apartment in the Iowa City area is the $1.29 price per square foot 19 - 25 Redtail - 3BR, 2 BA, 1622 Sq Ft Model at Woodridge Estates in the in the Coralview Heights neighborhood starting from $2,100. The second greatest value Iowa City apartment is the 4 BR / 2 BA Model at 926 Harlocke St (IC) starting at $1,650 with a $1.14 price per square foot in the Cottage Hill neighborhood. Here is today’s list of the best values for Iowa City apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Woodridge Estates | 19 - 25 Redtail - 3BR, 2 BA, 1622 Sq Ft | 3BR,2BA | $1.29 |
926 Harlocke St (IC) | 4 BR / 2 BA | 4BR,2BA | $1.14 |
The Willow, Lot 158 | The Willow, Lot 158 - 1638... | 2BR,2BA | $1.35 |
The Hawthorne | B | 2BR,2BA | $1.42 |
Ridge at Scott Park | 2bd/2bath with office | 2BR,2BA | $1.48 |
1453-1458 Eastview Dr | 1458 Eastview | 2BR,1.5BA | $1.21 |
Claremont Apartments | 2BR/1.0BA | 2BR,1BA | $1.13 |
Mane Gate Apartments | Remodeled 2 Bed / 1 Bath with W/D | 2BR,1BA | $1.50 |
318 Finkbine Ln, Unit 8 | 318 Finkbine Ln | 2BR,1BA | $1.06 |
Knollridge Garden Apartments | 2BR/1.0BA | 2BR,1BA | $1.16 |
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.
Frequently Asked Questions about Iowa City
What type of rentals are currently available in Iowa City?
There are currently 259 Apartments for Rent in Iowa City, IA with pricing that ranges from $695 to $3,350. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa City ranging from $495 to $4,500.
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 $495 to $4,500 with an average monthly rent of $1,689.
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 $1,200 to $3,200. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $729.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.