
Cheap Apartments for Rent in the Terrace Hill Neighborhood of Iowa City, IA from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Terrace Hill area of Iowa City.


Forest Ridge

1305 Sunset St

118 S Dubuque St

Whiteway 2000

Seville

Emerald Ct
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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.

1165 S Riverside Dr

Riverfront Crossings

Total Monthly Price
23 S Dubuque St, Unit 1, Unit 1

Total Monthly Price
810 Benton Dr, Unit #11, Unit #11

912 Benton Dr, Unit 12, Unit 12

740 1/2-740 1/2 Sunset St

902 Benton Dr
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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.

Westgate Villa

Total Monthly Price
812 Benton Dr, Unit #11, Unit #11

Michael Street Apartments

1100 Oakcrest Apartments

Carriage Hill

532 S Dubuque St

Del Ray Ridge Apartments
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Oakcrest

210 E Davenport St

5 Woolf Ave

156 Westside Dr

Hawkeye Park

808 Benton Dr

1050 Newton Rd
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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.

1006 Oakcrest Street Apartments

906 Benton Dr
Terrace Hill, Iowa City, IA Local Guide

How much does it cost to rent an apartment in Terrace Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Terrace Hill Studio Apartments | $1,193 | $780 | $1,350 |
| Terrace Hill 1 Bedroom Apartments | $1,307 | $830 | $2,019 |
| Terrace Hill 2 Bedroom Apartments | $1,396 | $850 | $2,400 |
| Terrace Hill 3 Bedroom Apartments | $1,341 | $1,089 | $3,300 |
| Terrace Hill 4 Bedroom Apartments | $2,110 | $1,800 | $2,730 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 1 mile radius of the Terrace Hill Neighborhood of Iowa City, IA.
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Terrace Hill, Iowa City, IA Local Guide
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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 $830. Whiteway 2000 has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Terrace Hill apartments for rent in Iowa City, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Ridge | 1 Bed/1 Bath | 1BR,1BA | $830 |
| Whiteway 2000 | Studio | Studio,1BA | $900 |
| Seville | 1 BR - Sublet | 1BR,1BA | $905 |
| 1165 S Riverside Dr | Studio - Twin | Studio,1BA | $990 |
| Riverfront Crossings | Studio | Studio,1BA | $995 |
| Willow Ridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,200 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1,250 |
| IA City Lofts | First Floor Units | Studio,1BA | $1,300 |
| The Forum At Lincoln | 2 Bed / 2 Bath - Half Renovated | 2BR,2BA | $1,350 |
Best Value Apartments for Rent in Terrace Hill, IA
As of April 28, 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 3 bed 1 bath Model at Newton Pointe Apartments starting at $1,425 with a $1.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 630 S Capitol | 4 bedroom 4 bath | 4BR,4BA | $0.88 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1.30 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1.25 |
| The Nest Iowa City | B3 - 2x2 | 2BR,2BA | $1.68 |
| Forest Ridge | 2 Bed/2 Bath | 2BR,2BA | $1.47 |
| 1 Triangle Pl, Unit 2 | 1 Triangle Pl | 1BR,1BA | $1.85 |
| 1032 Newton Rd | 2 | 1BR,1BA | $2.03 |
| Seville | 1 BR - Sublet | 1BR,1BA | $1.34 |
| Whiteway 2000 | Studio | Studio ,1BA | $1.80 |
| Riverfront Crossings | Studio | Studio ,1BA | $1.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Read ArticleQuick 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.
Pet Friendly LifestyleTerrace Hill, Iowa City, IA
Ranked #19
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Terrace Hill Apartments
What is a cheap apartment in Terrace Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Terrace Hill is under $1,350.
What is the price of a cheap apartment in Terrace Hill?
The cheapest apartment in Terrace Hill is Forest Ridge which is listed at $830, while the average apartment in Terrace Hill costs $1,800.
What types of apartments are the cheapest in Terrace Hill?
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 38 regular apartments in Terrace Hill 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 Terrace Hill?
Cheap apartments in Terrace Hill have an average cost of $924 which is $876 cheaper than the average rent for all rentals in Terrace Hill.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

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.