
Cheap Homes for Rent in Luther, IA from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Luther.


238 Village Dr

5504 Kansas Dr

4008 Ontario St

912 Grand Ave
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.

4510 Twain Cir

4511 Twain Cir

1015 5th St

426 Jeffrey Ln

4549 Steinbeck 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.

4503 Twain Cir
Luther, IA Local Guide

How much does it cost to rent a home in Luther?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Luther 2 Bedroom Homes for Rent | $1,140 | $850 | $1,300 |
| Luther 3 Bedroom Homes for Rent | $1,953 | $1,100 | $2,700 |
| Luther 4 Bedroom Homes for Rent | $1,950 | $1,650 | $2,400 |
| Luther 6 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Luther
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Social West Ames® | Langley B Renovated - Station | 4BR,2BA | $499 |
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $647 |
| College Creek Apartments | 1 Bedroom Apartment | 1BR,1BA | $755 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $799 |
| Linden Station Apartments | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walnut Ridge | 3515 Lincoln Way ( 4 bdrm ) | 4BR,3BA | $1.03 |
| The Social West Ames® | Langley B Renovated - Station | 4BR,2BA | $0.33 |
| 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 |
| Alpine Manor Apartments | 3 bedroom 2 Bath | 3BR,2BA | $1.12 |
| Furman Western Hills | 2BR 2BA | 2BR,2BA | $1.02 |
| 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!
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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

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.

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.

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.