Cheap Homes for Rent in Luther, IA from $600 (11 Rentals)

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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.

property at 4511 Twain Cir

$980 - $1,030

1 Bedroom Rentals

Available Aug 1

4511 Twain Cir

AmesIA50014

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.

property at 4503 Twain Cir

$1,000 - $1,200

1 To 2 Bedroom Rentals

Available Jul 1

4503 Twain Cir

AmesIA50014

Luther, IA Local Guide

Cheapest Available Luther Apartments for Rent and Nearby

 

The cheapest available apartment rental in Luther, IA is a 4 Beds unit found at The Social West Ames® in the Fountainview neighborhood priced from $499. The Briza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $647. Here is today’s list of the most affordable Luther apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Social West Ames®Langley B Renovated - Station4BR,2BA$499
The BrizaRenovated 1 Bedroom1BR,1BA$647
College Creek Apartments1 Bedroom Apartment1BR,1BA$755
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$799
Linden Station Apartments1 Bed Apartment 55+1BR,1BA$850

Best Value Apartments for Rent in Luther, IA and Nearby

As of May 25, 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 Langley B Renovated - Station Model at The Social West Ames® starting at $499 with a $0.33 price per square foot in the Fountainview neighborhood. Here is today’s list of the best values for Luther apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walnut Ridge3515 Lincoln Way ( 4 bdrm )4BR,3BA$1.03
The Social West Ames®Langley B Renovated - Station4BR,2BA$0.33
Point at AmesBoulder B4BR,4BA$0.58
Tripp Street Apartments4 Bedroom/2 Bathroom4BR,2BA$1.12
The Madison3x3 Unfurnished3BR,3BA$0.49
Alpine Manor Apartments3 bedroom 2 Bath3BR,2BA$1.12
Furman Western Hills2BR 2BA2BR,2BA$1.02
Kate's LandingCottage - 22BR,1BA$1.09
SUNDANCE BOONE APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$1.08
The BrizaRenovated 1 Bedroom1BR,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.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Luther

What type of rentals are currently available in Luther?

There are currently 58 Apartments for Rent in Luther, IA with pricing that ranges from $399 to $2,300. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Luther ranging from $625 to $2,700.

What is the current price range for Rental Homes in Luther?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Luther ranges from $625 to $2,700 with an average monthly rent of $1,719.

How much are larger Three and Four Bedroom Rentals in Luther?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Luther range from $459 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $399.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.