Cheap Apartments for Rent in the Peninsula Neighborhood Neighborhood of Iowa City, IA from $600 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Peninsula Neighborhood area of Iowa City.

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Parish Apartments
Studio Apartments

Parish Apartments

108 McLean StIowa City, IA 52246
  • Utilities Included

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5 Woolf Ave
2 Bedroom Apartments

5 Woolf Ave

5 Woolf AveIowa City, IA 52246
  • Utilities Included
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530 N Dubuque St
2 Bedroom Apartments

530 N Dubuque St

530 N Dubuque StIowa City, IA 52245
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1050 Newton Rd
2 Bedroom Apartments

1050 Newton Rd

1050 Newton RdIowa City, IA 52246
Student Housing
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Forum at Lincoln
1 to 3 Bedroom Apartments

Forum at Lincoln

20 Lincoln AveIowa City, IA 52246
Student Housing
  • Utilities Included

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Riverview Square
2 to 3 Bedroom Apartments

Riverview Square

400 1st AveCoralville, IA 52241
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River Ridge Place
Studio to 1 Bedroom Apartments

River Ridge Place

199 6th StCoralville, IA 52241
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Old Town I &  II
Studio to 3 Bedroom Apartments

Old Town I & II

345 Clark DrCoralville, IA 52241

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Peninsula Neighborhood, Iowa City, IA Local Guide

Cheapest Available Peninsula Neighborhood Apartments for Rent

 

The cheapest available apartment rental in the Peninsula Neighborhood area of Iowa City, IA is a Studio unit found at Lakewood Hills Apartments priced from $695. The Banks Student Living has the second lowest priced unit, which is a 4 Beds apartment currently listed from $695. Here are the most affordable Peninsula Neighborhood apartments for rent in Iowa City, IA:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudioStudio,1BA$695
The Banks Student Living4x4 A4BR,4BA$695
308 N Linn StStudio1BR,1BA$800
Woodridge EstatesStudio 199 6th StStudio,1BA$1,020
5 Lincoln Ave0BR/1.0BAStudio,1BA$1,200

Best Value Apartments for Rent in Peninsula Neighborhood, IA

As of November 12, 2025 the best value apartment in the Peninsula Neighborhood 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 Peninsula Neighborhood apartment is the G Model at The Hawthorne starting at $1,700 with a $1.36 price per square foot in the The Pond's Edge neighborhood. Here is today’s list of the best values for Peninsula Neighborhood 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
The HawthorneG3BR,2BA$1.36
Newton Pointe Apartments3 bed 1 bath3BR,1BA$1.43
251 N Linn St1x11BR,1BA$2.41
1032 Newton Rd21BR,1BA$2.03
5 Lincoln Ave0BR/1.0BAStudio ,1BA$2.00
The Banks Student Living1x1 A1BR,1BA$2.73
308 N Linn StStudioStudio ,1BA$2.00
Woodridge EstatesStudio 199 6th StStudio ,1BA$2.70
Lakewood Hills ApartmentsStudio GoldStudio ,1BA$2.45

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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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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Pet Friendly Lifestyle
Peninsula Neighborhood, Iowa City, IA

Ranked #10

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Peninsula Neighborhood Neighborhood in Iowa City, IA

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

63 / 100

Bikeable

Some bike infrastructure

Transit Score®

34 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Peninsula Neighborhood Apartments

What is a cheap apartment in Peninsula Neighborhood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peninsula Neighborhood is under $1,750.

What is the price of a cheap apartment in Peninsula Neighborhood?

The cheapest apartment in Peninsula Neighborhood is 308 N Linn St which is listed at $800, while the average apartment in Peninsula Neighborhood costs $2,100.

What types of apartments are the cheapest in Peninsula Neighborhood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Peninsula Neighborhood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Peninsula Neighborhood?

Cheap apartments in Peninsula Neighborhood have an average cost of $723 which is $1,377 cheaper than the average rent for all rentals in Peninsula Neighborhood.

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.