
Cheap Apartments for Rent in Mason City, IA from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Mason City.


City Center Kent Apartments

The Meadows

Key West Apartments

18 S Adams 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.

Pilgrim Place Senior Housing (62+)

Key Apartments

Pebble Creek Apartments

317-331 S Delaware Ave

River City Apartments
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.

Kirk Apartments

State Street Apartments

Timber Creek Townhomes

Concord Square Apartments

Shalom Tower II
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.

642-646 S Pierce Ave
Mason City, IA Local Guide

How much does it cost to rent an apartment in Mason City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mason City Studio Apartments | $860 | $500 | $1,025 |
| Mason City 1 Bedroom Apartments | $950 | $525 | $1,385 |
| Mason City 2 Bedroom Apartments | $1,205 | $800 | $1,400 |
| Mason City 3 Bedroom Apartments | $1,462 | $1,150 | $1,715 |
| Mason City 4 Bedroom Apartments | $937 | $937 | $937 |
Browse Top Apartments in Mason City
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Mason City, IA Local Guide
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Cheapest Available Mason City Apartments for Rent
 The cheapest available apartment rental in Mason City, IA is a Studio unit found at Key Apartments priced from $500. 18 S Adams Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Mason City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
| Key West Apartments | Studio | Studio,1BA | $550 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $800 |
| The River Apartments & Townhomes | Studio Apartment | Studio,1BA | $870 |
Best Value Apartments for Rent in Mason City, IA
As of June 22, 2026 the best value apartment in the Mason City area is the $1.03 price per square foot 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments in the starting from $1,150. The second greatest value Mason City apartment is the 1 Bedroom 1 Bathroom Model at The Meadows starting at $1,025 with a $1.40 price per square foot . Here is today’s list of the best values for Mason City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| The Meadows | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.40 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| The Delaware - Luxury Apartment's in Mason City! | 1 Bedroom B | 1BR,1BA | $1.98 |
| The River Apartments & Townhomes | Studio Apartment | Studio ,1BA | $1.58 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
| Pilgrim Place Senior Housing (62+) | Studio - Rent Based on Income | Studio ,1BA | $2.41 |
| Key West Apartments | Studio | Studio ,1BA | $1.57 |
| Key Apartments | Efficiency | Studio ,1BA | $1.67 |
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.
Best Local Schools in Mason City, IA
Hoover Elementary School
Mason City High School
John Adams Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mason City, IA Rentals by Map
See the most popular apartments and homes in Mason City, IA
Frequently Asked Questions about Cheap Mason City Apartments
What is the Cheapest Studio apartment in Mason City?
Currently the most affordable Cheap Studio Apartment in Mason City is at Key Apartments listed at $500.
How much is rent for a Cheap One Bedroom Mason City Apartment?
The lowest price for a Cheap One Bedroom Mason City Apartment is $525 at 18 S Adams Ave.
What is the lowest price for a Cheap Two Bedroom Mason City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mason City is starting from $900 at City Center Kent Apartments.
What is the most affordable Mason City Three Bedroom Apartment?
The best deal on a cheap Mason City Three Bedroom Apartment rental is at Pebble Creek Apartments and starts from $1,150.
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.