
Cheap Apartments for Rent in the Peninsula Neighborhood Neighborhood of Iowa City, IA from $600 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peninsula Neighborhood area of Iowa City.


330 Ridgeland Ave

518 N Van Buren St

Parish Apartments

5 Woolf Ave

530 N Dubuque St
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.

804 N Dubuque St

The Altamont

1050 Newton Rd

Lakewood Hills Apartments

Scotsdale

Riverview Square
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.

504 2nd Ave
Peninsula Neighborhood, Iowa City, IA Local Guide

How much does it cost to rent an apartment in Peninsula Neighborhood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peninsula Neighborhood Studio Apartments | $1,020 | $695 | $1,350 |
| Peninsula Neighborhood 1 Bedroom Apartments | $1,314 | $845 | $2,000 |
| Peninsula Neighborhood 2 Bedroom Apartments | $1,401 | $890 | $1,800 |
| Peninsula Neighborhood 3 Bedroom Apartments | $1,752 | $1,425 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Peninsula Neighborhood Neighborhood of Iowa City, IA.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakewood Hills Apartments | Studio | Studio,1BA | $695 |
| 308 N Linn St | Studio | 1BR,1BA | $800 |
| 1032 Newton Rd | 2 | 1BR,1BA | $1,400 |
| Manville Terrace | 2x1 | 2BR,1BA | $1,400 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1,425 |
Best Value Apartments for Rent in Peninsula Neighborhood, IA
As of July 01, 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 1 bath Model at Newton Pointe Apartments starting at $1,425 with a $1.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hawthorne | G | 3BR,2BA | $1.44 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1.30 |
| The Forum At Lincoln | 3 bed / 2 bath | 3BR,2BA | $1.63 |
| 1032 Newton Rd | 2 | 1BR,1BA | $2.03 |
| 308 N Linn St | Studio | Studio ,1BA | $2.00 |
| Lakewood Hills Apartments | Studio Gold | Studio ,1BA | $2.45 |
Frequently Asked Questions about Cheap Peninsula Neighborhood Apartments
What is the Cheapest Studio apartment in Peninsula Neighborhood?
Currently the most affordable Cheap Studio Apartment in Peninsula Neighborhood is at Lakewood Hills Apartments listed at $695.
How much is rent for a Cheap One Bedroom Peninsula Neighborhood Apartment?
The lowest price for a Cheap One Bedroom Peninsula Neighborhood Apartment is $800 at 308 N Linn St.
What is the lowest price for a Cheap Two Bedroom Peninsula Neighborhood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peninsula Neighborhood is starting from $890 at Lakewood Hills Apartments.
What is the most affordable Peninsula Neighborhood Three Bedroom Apartment?
The best deal on a cheap Peninsula Neighborhood Three Bedroom Apartment rental is at Newton Pointe Apartments and starts from $1,425.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.