Cheap Homes for Rent in Peninsula Neighborhood Neighborhood of Iowa City, IA from $800 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Peninsula Neighborhood area of Iowa City.

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property at 205 5th St

$1,095 - $1,100

2 Bedroom Rentals

Available Aug 1

205 5th St

CoralvilleIA52241

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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 ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudioStudio,1BA$695
308 N Linn StStudio1BR,1BA$800
Parkview LoftsParkview 1 - EStudio,1BA$1,300

Best Value Apartments for Rent in Peninsula Neighborhood, IA

As of February 28, 2026 the best value apartment in the Peninsula Neighborhood area is the $1.43 price per square foot The Willow, Lot 158 - 1622... Model at The Willow, Lot 158 in the in the Coralview Heights neighborhood starting from $1,800. The second greatest value Peninsula Neighborhood apartment is the G Model at The Hawthorne starting at $1,700 with a $1.36 price per square foot in the The Pond's Edge 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 - 1622...2BR,2BA$1.43
The HawthorneG3BR,2BA$1.36
Newton Pointe Apartments3 bed 1 bath3BR,1BA$1.43
The Banks Student Living2x2 A2BR,2BA$1.04
251 N Linn St1x11BR,1BA$2.41
The Forum At LincolnFurnished 2 bed 2 bath2BR,2BA$2.35
1032 Newton Rd21BR,1BA$2.03
Parkview LoftsParkview 2 - A1Studio ,1BA$2.51
308 N Linn StStudioStudio ,1BA$2.00
Lakewood Hills ApartmentsStudio GoldStudio ,1BA$2.45

Frequently Asked Questions about Peninsula Neighborhood

What type of rentals are currently available in Peninsula Neighborhood?

There are currently 54 Apartments for Rent in Peninsula Neighborhood, IA with pricing that ranges from $695 to $2,800. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula Neighborhood ranging from $875 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 $875 to $3,100 with an average monthly rent of $1,756.

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 $799 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $699.

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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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.

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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.

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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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.