
Cheap Homes for Rent in Peninsula Neighborhood Neighborhood of Iowa City, IA from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Peninsula Neighborhood area of Iowa City.


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.

429 N Gilbert St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Peninsula Neighborhood, Iowa City, IA Local Guide

How much does it cost to rent a home in Peninsula Neighborhood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peninsula Neighborhood 2 Bedroom Homes for Rent | $1,797 | $1,095 | $2,500 |
Peninsula Neighborhood 3 Bedroom Homes for Rent | $2,054 | $1,725 | $2,250 |
Peninsula Neighborhood 4 Bedroom Homes for Rent | $2,512 | $2,000 | $3,100 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Peninsula Neighborhood Neighborhood of Iowa City, IA.
Explore Iowa City
Peninsula Neighborhood, Iowa City, IA Local Guide
- Nearby Iowa City neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. River Ridge Place has the second lowest priced unit, which is a Studio apartment currently listed from $920. 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 Gold | Studio,1BA | $695 |
River Ridge Place | Studio/1BA 407 sq ft | Studio,1BA | $920 |
Manville Terrace | 2x1 | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Peninsula Neighborhood, IA
As of June 25, 2025 the best value apartment in the Peninsula Neighborhood area is the $1.42 price per square foot B 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 Studio/1BA 407 sq ft Model at River Ridge Place starting at $920 with a $2.26 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 | B | 2BR,2BA | $1.42 |
River Ridge Place | Studio/1BA 407 sq ft | Studio ,1BA | $2.26 |
Lakewood Hills Apartments | Studio | Studio ,1BA | $2.45 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Peninsula Neighborhood
What type of rentals are currently available in Peninsula Neighborhood?
There are currently 46 Apartments for Rent in Peninsula Neighborhood, IA with pricing that ranges from $695 to $2,916. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula Neighborhood ranging from $925 to $3,100.
What is the current price range for Rental Homes in Peninsula Neighborhood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peninsula Neighborhood ranges from $925 to $3,100 with an average monthly rent of $1,656.
How much are larger Three and Four Bedroom Rentals in Peninsula Neighborhood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peninsula Neighborhood range from $749 to $2,442, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,725 to $2,250. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $729.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.