
Cheap Homes for Rent in Terrace Hill Neighborhood of Iowa City, IA from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Terrace Hill area of Iowa City.


808 Benton Dr, Unit 23

1054 Newton Rd

708 1/2 Streb St
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.

803 Melrose Ave

315 Myrtle Ave

605 Melrose Ave

613 Grandview Ct
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.
Terrace Hill, Iowa City, IA Local Guide

How much does it cost to rent a home in Terrace Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Terrace Hill 2 Bedroom Homes for Rent | $1,567 | $940 | $2,250 |
| Terrace Hill 3 Bedroom Homes for Rent | $2,096 | $1,475 | $2,600 |
| Terrace Hill 4 Bedroom Homes for Rent | $2,866 | $2,200 | $3,200 |
| Terrace Hill 5 Bedroom Homes for Rent | $3,550 | $3,350 | $3,750 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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. 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 |
|---|---|---|---|
| Forest Ridge | 1 Bed/1 Bath | 1BR,1BA | $830 |
| Riverfront Crossings | Studio | Studio,1BA | $995 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Terrace Hill, IA
As of November 15, 2025 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 4 Bedroom-2 Bathroom Model at Hawks Ridge starting at $635 with a $0.50 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 |
| Hawks Ridge | 4 Bedroom-2 Bathroom | 4BR,2BA | $0.50 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1.43 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1.20 |
| Forest Ridge | 2 Bed/2 Bath | 2BR,2BA | $1.47 |
| 1032 Newton Rd | 2 | 1BR,1BA | $2.03 |
| 5 Lincoln Ave | 0BR/1.0BA | Studio ,1BA | $2.00 |
| Riverfront Crossings | Studio | Studio ,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 #22
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Terrace Hill
What type of rentals are currently available in Terrace Hill?
There are currently 66 Apartments for Rent in Terrace Hill, IA with pricing that ranges from $830 to $3,300. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Terrace Hill ranging from $825 to $3,750.
What is the current price range for Rental Homes in Terrace Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Terrace Hill ranges from $825 to $3,750 with an average monthly rent of $2,246.
How much are larger Three and Four Bedroom Rentals in Terrace Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Terrace Hill range from $1,185 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,650.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.