Cheap Homes for Rent in Peninsula Neighborhood Neighborhood of Iowa City, IA from $800 (14 Rentals)

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

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.

property at 221 River St

221 River St

Iowa CityIA52246

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

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. The Banks Student Living has the second lowest priced unit, which is a 4 Beds apartment currently listed from $695. Here are the most affordable Peninsula Neighborhood apartments for rent in Iowa City, IA:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudioStudio,1BA$695
The Banks Student Living4x4 A4BR,4BA$695
308 N Linn StStudio1BR,1BA$800
Woodridge EstatesStudio 199 6th StStudio,1BA$1,020
5 Lincoln Ave0BR/1.0BAStudio,1BA$1,200

Best Value Apartments for Rent in Peninsula Neighborhood, IA

As of November 10, 2025 the best value apartment in the Peninsula Neighborhood area is the $1.29 price per square foot 628 N Linn St Model at 628 N Linn St, Unit #1 in the in the Saddlebrook 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.
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
1032 Newton Rd21BR,1BA$2.03
5 Lincoln Ave0BR/1.0BAStudio ,1BA$2.00
The Banks Student Living1x1 A1BR,1BA$2.73
308 N Linn StStudioStudio ,1BA$2.00
Woodridge EstatesStudio 199 6th StStudio ,1BA$2.70
Lakewood Hills ApartmentsStudio GoldStudio ,1BA$2.45

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Pet Friendly Lifestyle
Peninsula Neighborhood, Iowa City, IA

Ranked #10

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Peninsula Neighborhood

What type of rentals are currently available in Peninsula Neighborhood?

There are currently 53 Apartments for Rent in Peninsula Neighborhood, IA with pricing that ranges from $695 to $2,796. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula Neighborhood ranging from $825 to $4,020.

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 $825 to $4,020 with an average monthly rent of $2,355.

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 $780 to $2,425, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $695.

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.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.