
Cheap Homes for Rent near Janesville, IA from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Janesville.


307 Riehl St

603 Iowa St

414 Randall St

409 Norwood Ave

804 W 18th 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.

1529 Linda Dr

310 N Genevieve St

1926 E 4th St

1715 Seneca Ave

510 Barnett Dr

2221 Main 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.

119 Tremont St
Janesville, IA Local Guide

How much does it cost to rent a home in Janesville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Janesville 2 Bedroom Homes for Rent | $1,141 | $775 | $1,300 |
| Janesville 3 Bedroom Homes for Rent | $1,613 | $950 | $2,290 |
| Janesville 4 Bedroom Homes for Rent | $1,818 | $1,100 | $2,700 |
| Janesville 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Janesville
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Janesville, IA Local Guide
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Cheapest Available Janesville Apartments for Rent and Nearby
 The cheapest available apartment rental in Janesville, IA is a 4 Beds unit found at The Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $350. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Janesville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $350 |
| Russell Lamson | Studio | Studio,1BA | $695 |
| Gold Falls Villa Apartments | 1 BR/ 1 Bath | 1BR,1BA | $715 |
| Le Chateau | 2BR/1.5BA | 2BR,1BA | $795 |
| University Manor | 1 BR/ 1 BA (June & Aug '25) | 1BR,1BA | $815 |
Best Value Apartments for Rent in Janesville, IA and Nearby
As of July 09, 2026 the best value apartment in the Janesville area is the $1.23 price per square foot Palace Apartments - Two Bedrooms Model at Palace Apartments in the starting from $1,600. The second greatest value Janesville apartment is the 4BR/2BA Model at Hillcrest Park Apartments-Student Housing starting at $552 with a $0.50 price per square foot . Here is today’s list of the best values for Janesville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Palace Apartments | Palace Apartments - Two Bedrooms | 2BR,1BA | $1.23 |
| Hillcrest Park Apartments-Student Housing | 4BR/2BA | 4BR,2BA | $0.50 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Rolling Meadows Apartments | 3 bedroom/2bath | 3BR,2BA | $0.96 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| Cedar Village Community | 2 Bed 1 Bath | 2BR,1BA | $1.08 |
| The Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $0.39 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $1.23 |
| Gold Falls Villa Apartments | 1 BR/ 1 Bath | 1BR,1BA | $1.19 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Janesville, IA
Frequently Asked Questions about Janesville
What type of rentals are currently available in Janesville?
There are currently 50 Apartments for Rent in Janesville, IA with pricing that ranges from $460 to $2,400. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Janesville ranging from $700 to $2,800.
What is the current price range for Rental Homes in Janesville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Janesville ranges from $700 to $2,800 with an average monthly rent of $1,614.
How much are larger Three and Four Bedroom Rentals in Janesville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Janesville range from $975 to $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,290. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $460.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.