Cheap Apartments for Rent in the Terrace Hill Neighborhood of Iowa City, IA from $600 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Terrace Hill area of Iowa City.

Emerald Ct

156 Westside Dr, Unit 1st Floor

1165 S Riverside Dr
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.

Riverfront Crossings

Westgate Villa

1006 Oakcrest Street Apartments

Forum at Lincoln
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.

210 E Davenport St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

812 Benton Dr

808 Benton Dr

904 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 | $1,071 | $780 | $1,265 |
Terrace Hill 1 Bedroom Apartments | $1,297 | $830 | $1,950 |
Terrace Hill 2 Bedroom Apartments | $1,503 | $930 | $3,350 |
Terrace Hill 3 Bedroom Apartments | $1,785 | $1,175 | $3,300 |
Terrace Hill 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 23 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 Studio unit found at 1165 S Riverside Dr priced from $990. Riverfront Crossings has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Terrace Hill apartments for rent in Iowa City, IA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
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 |
Manville Terrace | 2x1 | 2BR,1BA | $1,400 |
316 Maddie | One bedroom, One Bath | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Terrace Hill, IA
As of June 24, 2025 the best value apartment in the Terrace Hill area is the $1.59 price per square foot B3 - 2x2 Model at The Nest Iowa City in the in the Fair Meadows neighborhood starting from $1,285. The second greatest value Terrace Hill apartment is the Two Bedroom, Two Bath Model at 316 Maddie starting at $2,200 with a $2.75 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. |
---|---|---|---|
The Nest Iowa City | B3 - 2x2 | 2BR,2BA | $1.59 |
316 Maddie | Two Bedroom, Two Bath | 2BR,2BA | $2.75 |
Oakcrest Condominiums | 2 BR/1 BA 795 Sq Ft | 2BR,1BA | $2.03 |
Replay | A1 | 1BR,1BA | $3.64 |
Riverfront Crossings | Studio | Studio ,1BA | $1.99 |
Hive | A4 | 1BR,1BA | $4.40 |
1165 S Riverside Dr | Studio - Twin | Studio ,1BA | $3.96 |
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.
Pet Friendly LifestyleTerrace Hill, Iowa City, IA
Ranked #20
Among neighborhoods in Iowa City, IA 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 $1,610.
What is the price of a cheap apartment in Terrace Hill?
The cheapest apartment in Terrace Hill is Riverfront Crossings which is listed at $1,195, 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 5 regular apartments in Terrace Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.