Cheap Homes for Rent in Iowa City, IA from $400 (25 Rentals)

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property at 2130 Davis St

2130 Davis St

Iowa CityIA52240

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Iowa City, IA Local Guide

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 07/30/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Oak Woods$1,175$6956
Court Hill$1,230$6957
Northside$1,600$1,0504
Cottage Hill$1,650$83013
Horn$1,650$8306
Westgate$1,650$8306
Pepperwood$1,725$69536
Roosevelt$1,725$83036
Ruppert Hills$1,725$83035
Terrace Hill$1,725$83036

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 ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudio GoldStudio,1BA$695
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
Knollridge Garden Apartments2 Bedroom2BR,1BA$875
Regency Heights (55+ Community)One Bedroom1BR,1BA$935
1165 S Riverside DrStudio - TwinStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Woodridge Estates19 - 25 Redtail - 3BR, 2 BA, 1622 Sq Ft3BR,2BA$1.29
926 Harlocke St (IC)4 BR / 2 BA4BR,2BA$1.14
The Willow, Lot 158The Willow, Lot 158 - 1638...2BR,2BA$1.35
The HawthorneB2BR,2BA$1.42
Ridge at Scott Park2bd/2bath with office2BR,2BA$1.48
1453-1458 Eastview Dr1458 Eastview2BR,1.5BA$1.21
Claremont Apartments2BR/1.0BA2BR,1BA$1.13
Mane Gate ApartmentsRemodeled 2 Bed / 1 Bath with W/D2BR,1BA$1.50
318 Finkbine Ln, Unit 8318 Finkbine Ln2BR,1BA$1.06
Knollridge Garden Apartments2BR/1.0BA2BR,1BA$1.16

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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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.