Cheap Apartments for Rent in the Terrace Hill Neighborhood of Iowa City, IA from $600 (30 Rentals)

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

property at 118 S Dubuque St

$895 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$895 - $995

Total Monthly Price
$895 - $995

Studio To 1 Bedroom Condos for Rent

Available Aug 1

118 S Dubuque St

Iowa CityIA52240

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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
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1050 Newton Rd
2 Bedroom Apartments

1050 Newton Rd

1050 Newton RdIowa City, IA 52246
Student Housing
  • Utilities Included

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property at 906 Benton Dr

$950 - $1,095

2 Bedroom Rentals

Available Aug 1

906 Benton Dr

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 $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 ListingModel NameBed/BathPriced From
Forest Ridge1 Bed/1 Bath1BR,1BA$830
Whiteway 2000StudioStudio,1BA$900
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
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1,250
IA City LoftsFirst Floor UnitsStudio,1BA$1,300
The Forum At Lincoln2 Bed / 2 Bath - Half Renovated2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
630 S Capitol4 bedroom 4 bath4BR,4BA$0.88
Newton Pointe Apartments3 bed 1 bath3BR,1BA$1.30
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.25
The Nest Iowa CityB3 - 2x22BR,2BA$1.68
Forest Ridge2 Bed/2 Bath2BR,2BA$1.47
1 Triangle Pl, Unit 21 Triangle Pl1BR,1BA$1.85
1032 Newton Rd21BR,1BA$2.03
Seville1 BR - Sublet1BR,1BA$1.34
Whiteway 2000StudioStudio ,1BA$1.80
Riverfront CrossingsStudioStudio ,1BA$1.99

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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 #19

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 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

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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.

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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.

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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.

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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.