
Cheap Homes for Rent in Terrace Hill Neighborhood of Iowa City, IA from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Terrace Hill area of Iowa City.


532 S Dubuque St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

102 Grandview Ct, Unit 102

500 Grandview Ct
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.

100 Grandview Ct
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 | $1,318 | $1,100 | $1,525 |
| Terrace Hill 3 Bedroom Homes for Rent | $2,133 | $1,400 | $2,600 |
| Terrace Hill 4 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 $850. Seville has the second lowest priced unit, which is a 1 Bed apartment currently listed from $905. 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 | $850 |
| Seville | 1 BR - Sublet | 1BR,1BA | $905 |
| 1165 S Riverside Dr | Studio - Twin | Studio,1BA | $990 |
Best Value Apartments for Rent in Terrace Hill, IA
As of June 23, 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 |
| The Forum At Lincoln | 3 bed / 2 bath | 3BR,2BA | $1.63 |
| 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 | $1.60 |
| 1032 Newton Rd | 2 | 1BR,1BA | $2.03 |
| Seville | 1 BR - Sublet | 1BR,1BA | $1.34 |
| Whiteway Apartments | 0BR/1.0BA | Studio ,1BA | $2.07 |
| 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #21
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Terrace Hill
What type of rentals are currently available in Terrace Hill?
There are currently 61 Apartments for Rent in Terrace Hill, IA with pricing that ranges from $780 to $3,300. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Terrace Hill ranging from $995 to $2,900.
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 $995 to $2,900 with an average monthly rent of $1,766.
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 $1,139 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $1,800.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.