Cheap Apartments for Rent in the Peninsula Neighborhood Neighborhood of Iowa City, IA from $600 (42 Rentals)

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

property at 308 N Clinton St

$1,245

Total Monthly Price

Total Monthly Price

Base Rent
$1,245

Total Monthly Price
$1,245

3 Bedroom, 1 Bath Condo for Rent

Available Now

308 N Clinton St, Unit # 5

308 N Clinton St
Iowa CityIA52245

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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
  • Utilities Included
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804 N Dubuque St
Studio to 3 Bedroom Apartments

804 N Dubuque St

804 N Dubuque StIowa City, IA 52245
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1050 Newton Rd
2 Bedroom Apartments

1050 Newton Rd

1050 Newton RdIowa City, IA 52246
Student Housing
  • Utilities Included
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The Altamont
2 Bedroom Apartments

The Altamont

321 N Johnson StIowa City, IA 52245
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The Ash
2 to 3 Bedroom Apartments

The Ash

1455-1489 McCleary LnIowa City, IA 52245
  • Utilities Included
  • Smoke Free
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Newton Pointe Apartments
3 Bedroom Apartments

Newton Pointe Apartments

1064 Newton RdIowa City, IA 52246
Student Housing
  • Utilities Included
  • Smoke Free
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The Linden
2 to 3 Bedroom Apartments

The Linden

2151 Willenbrock CirIowa City, IA 52245
  • Utilities Included
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Hickory
2 to 3 Bedroom Apartments

The Hickory

1501 McCleary LnIowa City, IA 52245
  • Utilities Included
  • Smoke Free
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1651 McCleary Ln
2 to 3 Bedroom Apartments

1651 McCleary Ln

1651 McCleary LnIowa City, IA 52245
Senior Living
  • Utilities Included
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1122 N Dubuque St
Studio to 3 Bedroom Apartments

1122 N Dubuque St

1122 N Dubuque StIowa City, IA 52245
Student Housing
  • Utilities Included
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The Sycamore
2 to 3 Bedroom Apartments

The Sycamore

1551 McCleary LnIowa City, IA 52245
  • Utilities Included
  • Smoke Free
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251 N Linn St
1 Bedroom Apartments

251 N Linn St

271-287 N Linn StIowa City, IA 52245
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The Willow, Lot 158
2 to 3 Bedroom Apartments

The Willow, Lot 158

1620 Foster RdIowa City, IA 52245
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Riverview Square
2 to 3 Bedroom Apartments

Riverview Square

400 1st AveCoralville, IA 52241
  • Utilities Included
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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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The Landing
1 to 2 Bedroom Apartments

The Landing

201 9th AveCoralville, IA 52241
  • Utilities Included
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River Ridge Place
Studio to 1 Bedroom Apartments

River Ridge Place

199 6th StCoralville, IA 52241
  • Utilities Included

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.

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The Madison
1 to 2 Bedroom Apartments

The Madison

211 E 9th StCoralville, IA 52241
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Parkview Lofts
Studio to 2 Bedroom Apartments

Parkview Lofts

1051 Quarry LnCoralville, IA 52241
  • Utilities Included

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. 308 N Linn St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Peninsula Neighborhood apartments for rent in Iowa City, IA:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudioStudio,1BA$695
308 N Linn StStudio1BR,1BA$800
1032 Newton Rd21BR,1BA$1,400
Manville Terrace2x12BR,1BA$1,400
The Forum At Lincoln3 bed / 2 bath3BR,2BA$1,695
The HawthorneG3BR,2BA$1,800

Best Value Apartments for Rent in Peninsula Neighborhood, IA

As of August 20, 2026 the best value apartment in the Peninsula Neighborhood area is the $1.44 price per square foot G Model at The Hawthorne in the in the The Pond's Edge neighborhood starting from $1,800. The second greatest value Peninsula Neighborhood apartment is the 3 bed / 2 bath Model at The Forum At Lincoln starting at $1,695 with a $1.63 price per square foot in the Cottage Hill 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.
The HawthorneG3BR,2BA$1.44
The Forum At Lincoln3 bed / 2 bath3BR,2BA$1.63
1032 Newton Rd21BR,1BA$2.03
308 N Linn StStudioStudio ,1BA$2.00
Lakewood Hills ApartmentsStudio GoldStudio ,1BA$2.45

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 $1,800.

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 $1,350.

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 2 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 $311 which is $1,039 cheaper than the average rent for all rentals in Peninsula Neighborhood.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.