Cheap Apartments for Rent in the Terrace Hill 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 Terrace Hill area of Iowa City.

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.

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.

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Carriage Hill
1 to 2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
Corporate Housing
  • Utilities Included
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Oakcrest
1 to 2 Bedroom Apartments

Oakcrest

801 Oakcrest 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
  • Utilities Included
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Hawkeye Park
1 to 2 Bedroom Apartments

Hawkeye Park

432 S Dubuque StIowa City, IA 52240
Student Housing
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1050 Newton Rd
2 Bedroom Apartments

1050 Newton Rd

1050 Newton RdIowa City, IA 52246
Student Housing
  • Utilities Included
property at 100 Grandview Ct

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

100 Grandview Ct

Iowa CityIA52246
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915 Harlocke
1 to 3 Bedroom Apartments

915 Harlocke

915 Harlocke StIowa City, IA 52246
Student Housing
  • Utilities Included

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.

property at 300 Grandview Ct

$1,300

2 Bedroom, 1 Bath Condo for Rent

Available Now

300 Grandview Ct

Iowa CityIA52246

Terrace Hill, Iowa City, IA Local Guide

Cheapest Available Terrace Hill Apartments for Rent

 

The cheapest available apartment rental in the Terrace Hill area of Iowa City, IA is a 1 Bed unit found at Forest Ridge priced from $850. Seville has the second lowest priced unit, which is a 1 Bed apartment currently listed from $905. Here are the most affordable Terrace Hill apartments for rent in Iowa City, IA:

Apartment ListingModel NameBed/BathPriced From
Forest Ridge1 Bed/1 Bath1BR,1BA$850
Seville1 BR - Sublet1BR,1BA$905
1165 S Riverside DrStudio - TwinStudio,1BA$990
Riverfront CrossingsStudioStudio,1BA$995
Willow Ridge Apartments2 Beds, 1 bath2BR,1BA$1,200

Best Value Apartments for Rent in Terrace Hill, IA

As of July 05, 2026 the best value apartment in the Terrace Hill area is the $0.88 price per square foot 4 bedroom 4 bath Model at 630 S Capitol in the in the Cottage Hill neighborhood starting from $1,365. The second greatest value Terrace Hill apartment is the 2 BR/1 BA Model at 926 Harlocke St (IC) starting at $1,250 with a $1.25 price per square foot in the Cottage Hill neighborhood. Here is today’s list of the best values for Terrace Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
630 S Capitol4 bedroom 4 bath4BR,4BA$0.88
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.25
The Nest Iowa CityB3 - 2x22BR,2BA$1.68
316 MaddieTwo Bedroom, Two Bath2BR,2BA$2.88
Forest Ridge2 Bed/2 Bath2BR,2BA$1.60
1032 Newton Rd21BR,1BA$2.03
Seville1 BR - Sublet1BR,1BA$1.34
IA City LoftsFirst Floor UnitsStudio ,1BA$2.23
Whiteway Apartments0BR/1.0BAStudio ,1BA$2.53
Riverfront CrossingsStudioStudio ,1BA$1.99

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Terrace Hill, Iowa City, IA

Ranked #21

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Terrace Hill Apartments

What is the Cheapest Studio apartment in Terrace Hill?

Currently the most affordable Cheap Studio Apartment in Terrace Hill is at 1165 S Riverside Dr listed at $990.

How much is rent for a Cheap One Bedroom Terrace Hill Apartment?

The lowest price for a Cheap One Bedroom Terrace Hill Apartment is $850 at Forest Ridge.

What is the lowest price for a Cheap Two Bedroom Terrace Hill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Terrace Hill is starting from $1,200 at Forest Ridge.

What is the most affordable Terrace Hill Three Bedroom Apartment?

The best deal on a cheap Terrace Hill Three Bedroom Apartment rental is at Riverfront Crossings and starts from $3,300.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.