Cheap Homes for Rent in Iowa City, IA from $600 (25 Rentals)

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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.

property at 2130 Davis St

2130 Davis St

Iowa CityIA52240

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 2132 Davis St

2132 Davis St

Iowa CityIA52240

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.

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.

Iowa City, IA Local Guide

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 11/11/2025

Current apartment rentals in the Iowa City, IA area range in price from $670 to $3,300 with an overall median price of $2,738. The three Iowa City neighborhoods with the lowest median rent pricing are Westgate at $830, Weber at $695, and Horn at $830. 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
Westgate$1,725$83016
Weber$1,747$69580
Horn$1,800$83015
Roosevelt$1,800$83038
Ruppert Hills$1,800$83028
Terrace Hill$1,800$83040
Peninsula Neighborhood$2,100$69550
Cottage Hill$2,265$83018
Northside$2,300$80017
County Center$3,300$77058

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. The Banks Student Living in the Coralview Heights neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $695. Here is today’s list of the most affordable Iowa City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudioStudio,1BA$695
The Banks Student Living4x4 A4BR,4BA$695
Aspire at West Campus(New)2x2 Capitol - Unfurnished2BR,2BA$699
308 N Linn StStudio1BR,1BA$800
Forest Ridge1 Bed/1 Bath1BR,1BA$830

Best Value Apartments for Rent in Iowa City, IA

As of November 11, 2025 the best value apartment in the Iowa City area is the $1.29 price per square foot 628 N Linn St Model at 628 N Linn St, Unit #1 in the in the Saddlebrook neighborhood starting from $1,800. The second greatest value Iowa City apartment is the 4 Bedroom-2 Bathroom Model at Hawks Ridge starting at $635 with a $0.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
628 N Linn St, Unit #1628 N Linn St4BR,1BA$1.29
Hawks Ridge4 Bedroom-2 Bathroom4BR,2BA$0.50
The HawthorneG3BR,2BA$1.36
Mane Gate ApartmentsRemodeled 3 Bed / 2 Bath with W/D3BR,2BA$1.32
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.20
Nex Senior (55+) ApartmentsTwo Bedroom2BR,1BA$1.23
Claremont Apartments2BR/1.0BA2BR,1BA$1.12
Knollridge Garden Apartments2 Bedroom2BR,1BA$1.16
The Quarters Iowa CityA2 - 2x12BR,1BA$0.90
Parkside Manor1 Bdrm-UL1BR,1BA$1.38

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Iowa City, IA
Population: 76,290

Ranked #460

in US Census Population by City

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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 276 Apartments for Rent in Iowa City, IA with pricing that ranges from $670 to $3,300. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa City ranging from $625 to $5,300.

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 $5,300 with an average monthly rent of $2,597.

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 $1,175 to $3,250. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $695.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.