
Cheap Apartments for Rent in the Peninsula Neighborhood Neighborhood of Iowa City, IA from $600 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peninsula Neighborhood area of Iowa City.


330 Ridgeland Ave

308 N Clinton St, Unit # 5

360 Ridgeland Avenue

5 Lincoln Ave

Manville Terrace

1032 Newton Rd

220 River Street
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The Forum At Lincoln

128 E Davenport St

The Hawthorne

2170 Willenbrock Cir

Parish Apartments

5 Woolf Ave

530 N Dubuque St

804 N Dubuque St
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.

1050 Newton Rd

The Altamont

614 E Jefferson St

The Ash

McCormick Sqaure Condominiums

310 N Gilbert St

Newton Pointe Apartments

The Linden
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.

The Hickory

1651 McCleary Ln

1122 N Dubuque St

The Sycamore

819 Rider St

251 N Linn St

The Willow, Lot 158

Lakewood Hills Apartments
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.

Scotsdale

Woodridge Estates

Riverview Square

Riverview on First

Old Town I & II

The Landing

River Ridge Place

Riverview Plaza III
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.

The Madison

Parkview Lofts
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 | $1,223 | $845 | $1,625 |
| Peninsula Neighborhood 2 Bedroom Apartments | $1,412 | $890 | $1,800 |
| Peninsula Neighborhood 3 Bedroom Apartments | $1,899 | $1,695 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 42 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 |
| The Forum At Lincoln | 3 bed / 2 bath | 3BR,2BA | $1,695 |
| The Hawthorne | G | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hawthorne | G | 3BR,2BA | $1.44 |
| 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 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

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.

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.

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.

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.