
Cheap Homes for Rent in Iowa City, IA from $700 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Iowa City.


944 Spring Ridge Dr

944 Spring Ridge Dr

6 Notting Hill Ln

66 Notting Hill Ln

810 Benton Dr

156 Westside Dr

808 Benton Dr, Unit 23

1632 5th St

812 Benton Dr

708 Westwinds Dr

2432 Petsel Pl

523 S Scott Blvd

752 Westwinds Dr

2781 Triple Crown Ln

728 Westwinds Dr

1309 Burns Avenue

49 Arbor Hill Cir

1027 3rd Ave

335 Douglass Ct

801 Melrose Ave

315 Myrtle Ave

3235 Hwy 1 SW
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 | $1,446 | $950 | $2,350 |
Iowa City 3 Bedroom Homes for Rent | $2,104 | $1,260 | $3,250 |
Iowa City 4 Bedroom Homes for Rent | $2,593 | $700 | $3,600 |
Iowa City 5 Bedroom Homes for Rent | $3,050 | $2,500 | $4,000 |
Iowa City 6 Bedroom Homes for Rent | $5,100 | $4,200 | $6,000 |
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Iowa City, IA Local Guide
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Cheapest Neighborhoods for Apartments in Iowa City, IA
Pricing Updated: 09/30/2025Current apartment rentals in the Iowa City, IA area range in price from $700 to $6,000 with an overall median price of $4,879. The three Iowa City neighborhoods with the lowest median rent pricing are Peninsula Neighborhood at $1,550, Fair Meadows at $750, and Weber at $950. 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 |
---|---|---|---|
Peninsula Neighborhood | $2,500 | $1,550 | 9 |
Fair Meadows | $2,700 | $750 | 16 |
Weber | $2,925 | $950 | 10 |
Westgate | $2,925 | $950 | 10 |
Court Hill | $4,200 | $750 | 15 |
Hoover | $4,200 | $750 | 19 |
Lucas | $4,200 | $750 | 19 |
Oak Woods | $4,200 | $750 | 12 |
Scott Boulevard East | $4,200 | $750 | 19 |
Towncrest | $4,200 | $750 | 17 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lakewood Hills Apartments | Studio | Studio,1BA | $695 |
The Banks Student Living | 4x4 A | 4BR,4BA | $695 |
308 N Linn St | Studio | 1BR,1BA | $800 |
Aspire at West Campus | 2x2 Herky - Unfurnished | 2BR,2BA | $812 |
Forest Ridge | 1 Bed/1 Bath | 1BR,1BA | $830 |
Best Value Apartments for Rent in Iowa City, IA
As of September 30, 2025 the best value apartment in the Iowa City area is the $1.14 price per square foot 2060 Holiday Rd Model at 2060 Holiday Rd, Unit 2060 in the in the Old Mill Creek neighborhood starting from $1,950. The second greatest value Iowa City apartment is the 4 Bedroom-2 Bathroom Model at Hawks Ridge starting at $645 with a $0.51 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. |
---|---|---|---|
2060 Holiday Rd, Unit 2060 | 2060 Holiday Rd | 3BR,2.5BA | $1.14 |
Hawks Ridge | 4 Bedroom-2 Bathroom | 4BR,2BA | $0.51 |
926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1.20 |
Orchards & Woodlands | 2BR/1.0BA | 2BR,1BA | $1.22 |
902 North Dodge Street Apartments | Two Bedroom | 2BR,1BA | $1.28 |
Claremont Apartments | 2BR/1.0BA | 2BR,1BA | $1.13 |
Coral Ridge Senior (55+) Apartments | Two Bedroom B | 2BR,1BA | $1.15 |
Knollridge Garden Apartments | 2 Bedroom | 2BR,1BA | $1.09 |
The Quarters Iowa City | A2 - 2x1 | 2BR,1BA | $0.91 |
837 1/2 Maggard St, Unit Maggard | 837 1/2 Maggard St | Studio ,1BA | $0.98 |
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Iowa City, IAPopulation: 76,290
Ranked #460
in US Census Population by City
Best Local Schools in Iowa City, IA
Lincoln Elementary School
Iowa City High School
Southeast Junior High School
School data provided by Great Schools
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 274 Apartments for Rent in Iowa City, IA with pricing that ranges from $680 to $3,300. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Iowa City ranging from $700 to $6,000.
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 $700 to $6,000 with an average monthly rent of $2,631.
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 $1,260 to $3,250. Four Bedroom Single-Family rentals are also available starting from $700 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.

Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide
Written by: Amber Kanuckel
Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.