Cheap Homes for Rent in Iowa City, IA from $600 (44 Rentals)

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

property at 718 7th Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

718 7th Ave

CoralvilleIA52241

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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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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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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property at 3852 Liberty Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1 Bath Condo for Rent

Available Mar 1

3852 Liberty Dr, Unit 13

3852 Liberty Dr
Iowa CityIA52240

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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property at 420 6th Ave

$1,148

Total Monthly Price

Total Monthly Price

Base Rent
$1,148
Total Monthly Price
$1,148

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

420 6th Ave, Unit #5

420 6th Ave
CoralvilleIA52241

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.

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property at 1458 Eastview Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 2 Bath Townhome for Rent

Available May 1

1458 Eastview Dr

CoralvilleIA52241
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Iowa City, IA Local Guide

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 02/20/2026

Current apartment rentals in the Iowa City, IA area range in price from $625 to $4,800 with an overall median price of $4,175. The three Iowa City neighborhoods with the lowest median rent pricing are Peninsula Neighborhood at $995, Cottage Hill at $995, and Horn 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
Peninsula Neighborhood$2,250$9957
Cottage Hill$3,200$99511
Horn$3,200$90022
Roosevelt$3,200$89512
Ruppert Hills$3,200$89511
Terrace Hill$3,200$89511
Weber$3,200$90022
Westgate$3,200$90022
County Center$4,800$62518
Court Hill$4,800$62523

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$830
Regency Heights (55+ Community)One Bedroom1BR,1BA$875
Parkside Manor1 Bdrm-LL1BR,1BA$880
Sycamore ApartmentsOne Bedroom Units1BR,1BA$895
Knollridge Garden Apartments2BR/1.0BA2BR,1BA$925
1165 S Riverside DrStudio - TwinStudio,1BA$990
808 on 5thStudioStudio,1BA$995

Best Value Apartments for Rent in Iowa City, IA

As of February 20, 2026 the best value apartment in the Iowa City area is the $1.20 price per square foot 3BR/2.0BA Model at Walden Ridge Townhomes in the in the Westgate neighborhood starting from $1,650. 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.
Walden Ridge Townhomes3BR/2.0BA3BR,2BA$1.20
The Quarters Iowa CityC1 - 3x33BR,3BA$0.59
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.20
Orchards & Woodlands2BR/1.0BA2BR,1BA$1.22
Claremont Apartments2BR/1.0BA2BR,1BA$1.16
1000 Melrose Ave, Unit #1 or #2 Melrose1000 Melrose Ave1BR,1BA$1.24
Belmont Apartments2BR/1.0BA2BR,1BA$1.30
The Banks Student Living2x2 A2BR,2BA$1.04
Knollridge Garden Apartments2BR/1.0BA2BR,1BA$1.16
Parkside Manor1 Bdrm-LL1BR,1BA$1.35

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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Best Local Schools in
Iowa City, IA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Iowa City, IA Rentals by Map

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Frequently Asked Questions about Iowa City

What type of rentals are currently available in Iowa City?

There are currently 270 Apartments for Rent in Iowa City, IA with pricing that ranges from $690 to $3,300. There are also 113 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa City ranging from $625 to $4,800.

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 $4,800 with an average monthly rent of $2,045.

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 $1,400 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $699.

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 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.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.