
Cheap Apartments for Rent in Luther, IA from $300 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Luther.


Townhomes at Creekside

College Creek Apartments

West Field Apartments

Gateway

Oakwood

Hickory Ridge Apartments

Furman Western Hills
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.

The Ridge Apartments

Wyndsor Terrace

Total Monthly Price
Linden Station Apartments

West Towne

SUNDANCE BOONE APARTMENTS

West Village Apartments

Fountainview

Total Monthly Price
Kate's Landing
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.

Fountain View Apartments

Haven Apartments

Prairie Place

Total Monthly Price
Cedar Pointe

1209 Mayfield Dr

Total Monthly Price
Anna's Grove by Kading

Cedar Crossing 2

505 1/2 11th St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Briza

Spruce Pointe

Windsor Pointe

3319 Story St.

5504 Kansas Dr

238 Village Dr

141 Campus

2644 Hunt St
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.

Delaware Woods

4008 Ontario St

Oakview Apartments

Boone Park Apartments

411 W 9th St

912 Grand Ave

Campus West

Furman Weststar Apartments
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.

4510 Twain Cir

4511 Twain Cir

839-841 Dickinson Ave

1015 5th St
Luther, IA Local Guide

How much does it cost to rent an apartment in Luther?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Luther Studio Apartments | $825 | $675 | $1,175 |
| Luther 1 Bedroom Apartments | $953 | $755 | $1,340 |
| Luther 2 Bedroom Apartments | $1,004 | $529 | $1,799 |
| Luther 3 Bedroom Apartments | $1,035 | $459 | $1,895 |
| Luther 4 Bedroom Apartments | $849 | $399 | $2,300 |
Browse Top Apartments in Luther
See all Apartments in LutherExplore Luther
Luther, IA Local Guide
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Cheapest Available Luther Apartments for Rent and Nearby
 The cheapest available apartment rental in Luther, IA is a 1 Bed unit found at The Briza priced from $647. Windsor Pointe in the Fountainview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Luther apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $647 |
| Windsor Pointe | Aspen 60% | 1BR,1BA | $725 |
| College Creek Apartments | 1 Bedroom Apartment | 1BR,1BA | $755 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $799 |
| Wyndsor Terrace | 1 bed 1 bath | 1BR,1BA | $850 |
| Linden Station Apartments | 1 Bed Apartment 55+ | 1BR,1BA | $850 |
| West Field Apartments | 2 Bed/1 Bath | 2BR,1BA | $895 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $895 |
| Fountainview | 1 Bed/1 Bath Apartment | 1BR,1BA | $925 |
| Kate's Landing | Cottage - 2 | 2BR,1BA | $925 |
Best Value Apartments for Rent in Luther, IA and Nearby
As of June 03, 2026 the best value apartment in the Luther area is the $1.03 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,000. The second greatest value Luther apartment is the Boulder B Model at Point at Ames starting at $790 with a $0.58 price per square foot in the Eagle Ridge neighborhood. Here is today’s list of the best values for Luther apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walnut Ridge | 3515 Lincoln Way ( 4 bdrm ) | 4BR,3BA | $1.03 |
| Point at Ames | Boulder B | 4BR,4BA | $0.58 |
| Tripp Street Apartments | 4 Bedroom/2 Bathroom | 4BR,2BA | $1.12 |
| The Madison | 3x3 Unfurnished | 3BR,3BA | $0.49 |
| Anna's Grove by Kading | Villa | 3BR,1BA | $1.09 |
| Furman Western Hills | 2BR 2BA | 2BR,2BA | $1.02 |
| Prairie Place | 1 Bedroom Apartment | 1BR,1BA | $1.12 |
| Kate's Landing | Cottage - 2 | 2BR,1BA | $1.09 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $1.08 |
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!
Explore Luther, IA Rentals by Map
See the most popular apartments and homes in Luther, IA
Frequently Asked Questions about Cheap Luther Apartments
How much is rent for a Cheap One Bedroom Luther Apartment?
The lowest price for a Cheap One Bedroom Luther Apartment is $647 at The Briza.
What is the lowest price for a Cheap Two Bedroom Luther Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Luther is starting from $825 at Windsor Pointe.
What is the most affordable Luther Three Bedroom Apartment?
The best deal on a cheap Luther Three Bedroom Apartment rental is at SUNDANCE BOONE APARTMENTS and starts from $995.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.