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
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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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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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Showing Results 1-25, Page 1 of 1

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
Woodridge Estates205.5 6th Street #81BR,1BA$1,120
The Forum At Lincoln2 Bed / 1 Bath half renovated2BR,1BA$1,295
The Banks Student LivingSx1 AStudio,1BA$1,300

Best Value Apartments for Rent in Peninsula Neighborhood, IA

As of January 16, 2026 the best value apartment in the Peninsula Neighborhood area is the $1.42 price per square foot The Willow, Lot 158 - 1658... Model at The Willow, Lot 158 in the in the Coralview Heights neighborhood starting from $2,150. The second greatest value Peninsula Neighborhood apartment is the 628 N Linn St Model at 628 N Linn St, Unit #1 starting at $1,800 with a $1.29 price per square foot in the Saddlebrook 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 Willow, Lot 158The Willow, Lot 158 - 1658...3BR,2BA$1.42
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
The Forum At LincolnFurnished 2 bed 2 bath2BR,2BA$2.35
1032 Newton Rd21BR,1BA$2.03
5 Lincoln Ave0BR/1.0BAStudio ,1BA$2.00
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 $1,750.

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 $1,800.

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 23 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 $755 which is $1,045 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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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.

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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.

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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!