Cheap Homes for Rent in Iowa City, IA from $700 (23 Rentals)

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property at 1309 Burns Avenue

1309 Burns Avenue

Iowa CityIA52302

Iowa City, IA Local Guide

Cheapest Neighborhoods for Apartments in Iowa City, IA

Pricing Updated: 09/30/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Peninsula Neighborhood$2,500$1,5509
Fair Meadows$2,700$75016
Weber$2,925$95010
Westgate$2,925$95010
Court Hill$4,200$75015
Hoover$4,200$75019
Lucas$4,200$75019
Oak Woods$4,200$75012
Scott Boulevard East$4,200$75019
Towncrest$4,200$75017

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
308 N Linn StStudio1BR,1BA$800
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
Forest Ridge1 Bed/1 Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2060 Holiday Rd, Unit 20602060 Holiday Rd3BR,2.5BA$1.14
Hawks Ridge4 Bedroom-2 Bathroom4BR,2BA$0.51
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.20
Orchards & Woodlands2BR/1.0BA2BR,1BA$1.22
902 North Dodge Street ApartmentsTwo Bedroom2BR,1BA$1.28
Claremont Apartments2BR/1.0BA2BR,1BA$1.13
Coral Ridge Senior (55+) ApartmentsTwo Bedroom B2BR,1BA$1.15
Knollridge Garden Apartments2 Bedroom2BR,1BA$1.09
The Quarters Iowa CityA2 - 2x12BR,1BA$0.91
837 1/2 Maggard St, Unit Maggard837 1/2 Maggard StStudio ,1BA$0.98

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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:
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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.

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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.

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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.