
Cheap Apartments for Rent in the Peninsula Neighborhood Neighborhood of Iowa City, IA from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peninsula Neighborhood area of Iowa City.


Parish Apartments

5 Woolf Ave

1054 Newton Rd

429 N Gilbert St
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.

530 N Dubuque St

Lakewood Hills Apartments

Scotsdale

Riverview Square

504 2nd Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,051 | $695 | $1,350 |
| Peninsula Neighborhood 1 Bedroom Apartments | $1,304 | $800 | $2,000 |
| Peninsula Neighborhood 2 Bedroom Apartments | $1,449 | $850 | $1,920 |
| Peninsula Neighborhood 3 Bedroom Apartments | $1,513 | $799 | $2,425 |
| Peninsula Neighborhood 4 Bedroom Apartments | $727 | $699 | $755 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Peninsula Neighborhood Neighborhood of Iowa City, IA.
See all Apartments in Iowa CityExplore Iowa City
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 |
| Parkview Lofts | Parkview 1 - E | Studio,1BA | $1,300 |
Best Value Apartments for Rent in Peninsula Neighborhood, IA
As of March 11, 2026 the best value apartment in the Peninsula Neighborhood area is the $1.36 price per square foot G Model at The Hawthorne in the in the The Pond's Edge neighborhood starting from $1,700. The second greatest value Peninsula Neighborhood apartment is the The Willow, Lot 158 - 1692... Model at The Willow, Lot 158 starting at $1,800 with a $1.50 price per square foot in the Coralview Heights 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 | $1.36 |
| The Willow, Lot 158 | The Willow, Lot 158 - 1692... | 2BR,2BA | $1.50 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1.43 |
| The Banks Student Living | 2x2 A | 2BR,2BA | $1.04 |
| The Forum At Lincoln | Furnished 2 bed 2 bath | 2BR,2BA | $2.35 |
| 1032 Newton Rd | 2 | 1BR,1BA | $2.03 |
| Parkview Lofts | Parkview 2 - A1 | Studio ,1BA | $2.51 |
| 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 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 $1,580.
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 10 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 $658 which is $922 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.