Cheap Apartments for Rent in the Terrace Hill Neighborhood of Iowa City, IA from $600 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Terrace Hill area of Iowa City.

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.

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Michael Street
Studio Apartments

Michael Street

732 Michael StIowa City, IA 52246

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.

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Whiteway 2000
Studio Apartments

Whiteway 2000

210 S Clinton StIowa City, IA 52240
Student Housing
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21 Woolf Ave
2 Bedroom Apartments

21 Woolf Ave

21 Woolf AveIowa City, IA 52246
  • Utilities Included
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Oakcrest
2 Bedroom Apartments

Oakcrest

801 Oakcrest StIowa City, IA 52246
  • Utilities Included

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.

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Carriage Hill
2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
  • Utilities Included
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1050 Newton Rd
2 Bedroom Apartments

1050 Newton Rd

1050 Newton RdIowa City, IA 52246
  • Utilities Included

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 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 ListingModel NameBed/BathPriced From
1165 S Riverside DrStudio - TwinStudio,1BA$990
Riverfront CrossingsStudioStudio,1BA$995
Willow Ridge Apartments2 Beds, 1 bath2BR,1BA$1,200
Manville Terrace2x12BR,1BA$1,400
316 MaddieOne bedroom, One Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Nest Iowa CityB3 - 2x22BR,2BA$1.59
316 MaddieTwo Bedroom, Two Bath2BR,2BA$2.75
Oakcrest Condominiums2 BR/1 BA 795 Sq Ft2BR,1BA$2.03
ReplayA11BR,1BA$3.64
Riverfront CrossingsStudioStudio ,1BA$1.99
HiveA41BR,1BA$4.40
1165 S Riverside DrStudio - TwinStudio ,1BA$3.96

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Pet Friendly Lifestyle
Terrace Hill, Iowa City, IA

Ranked #20

Among neighborhoods in Iowa City, IA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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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.

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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.

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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.

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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.