Cheap Apartments for Rent in Mason City, IA from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mason City.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Shalom Tower II
1 Bedroom Apartments

Shalom Tower II

321 4th St NEMason City, IA 50401
Senior Living
  • Utilities Included
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River City Apartments
1 to 2 Bedroom Apartments

River City Apartments

15 N Pennsylvania AveMason City, IA 50401
  • Utilities Included
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Kirk Apartments
Studio to 2 Bedroom Apartments

Kirk Apartments

206 N Federal AveMason City, IA 50401
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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642-646 S Pierce Ave
1 Bedroom Apartments

642-646 S Pierce Ave

642-646 S Pierce AveMason City, IA 50401
  • Utilities Included
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Timber Creek Townhomes
2 to 3 Bedroom Apartments

Timber Creek Townhomes

1606 6th St SWMason City, IA 50401
  • Utilities Included
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The Manor
1 to 2 Bedroom Apartments

The Manor

4 3rd St NWMason City, IA 50401
Senior Living
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Grant Village
1 Bedroom Apartments

Grant Village

815-843 6th St SWMason City, IA 50401
Senior Living
  • Utilities Included
property at 1408 S. 3rd St.
$865

Total Monthly Price

Base Rent$865

Total Monthly Price$865
2 Bedroom, 1 Bath Home for Rent
Available Now

1408 S. 3rd St.

Clear LakeIA50428
  • Smoke Free
property at 115 Iowa St
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
3 Bedroom, 2 Bath Home for Rent
Available Now

115 Iowa St

KlemmeIA50449

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 802 9th Ave SE
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
2 Bedroom, 2 Bath Home for Rent
Available Now

802 9th Ave SE

AustinMN55912
property at 423 Adams Ave
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
1 Bedroom, 1 Bath Condo for Rent
Available Now

423 Adams Ave

Albert LeaMN56007
property at 701 Water St
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom Rentals
Available Now

701 Water St

Albert LeaMN56007
property at 912 2nd Ave NE
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
2 Bedroom, 1 Bath Home for Rent
Available Sep 25

912 2nd Ave NE

AustinMN55912
property at 1207 9th St NE
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
2 Bedroom, 1 Bath Home for Rent
Available Sep 25

1207 9th St NE

AustinMN55912

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.

Mason City, IA Local Guide

Cheapest Available Mason City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mason City, IA is a 1 Bed unit found at Regency Apartments priced from $200. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Mason City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regency Apartments1 BD1BR, 1BA$200
Key ApartmentsEfficiencyStudio, 1BA$500
18 S Adams AveOne Bedroom1BR, 1BA$525
Key West ApartmentsStudioStudio, 1BA$550
City Center Kent Apartments1 Bedroom1BR, 1BA$800
The Delaware - Luxury Apartment's in Mason City!StudioStudio, 1BA$995
The Meadows1 Bedroom 1 Bathroom1BR, 1BA$1,025
Federal Ave Rowhomes1x11BR, 1BA$1,070
The River1 Bed 1 Bath Apartment (A)1BR, 1BA$1,130
Pilgrim Place Senior Housing (62+)One Bedroom - Rent Based on Income1BR, 1BA$1,163

Best Value Apartments for Rent in Mason City, IA and Nearby

As of September 22, 2026 the best value apartment in the Mason City area is the $1.40 price per square foot 1 Bedroom 1 Bathroom Model at The Meadows starting from $1,025. The second greatest value Mason City apartment is the 1 Bed 1 Bath Apartment Model at The River starting at $1,130 with a $1.68 price per square foot. Here is today’s list of the best values for Mason City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Meadows1 Bedroom 1 Bathroom1BR, 1BA$1.40
The River1 Bed 1 Bath Apartment1BR, 1BA$1.68
City Center Kent Apartments1 Bedroom1BR, 1BA$1.33
Regency Apartments1 BD1BR, 1BA$0.35
The Delaware - Luxury Apartment's in Mason City!1 Bedroom B1BR, 1BA$1.98
18 S Adams AveOne Bedroom1BR, 1BA$0.95
Federal Ave Rowhomes1x11BR, 1BA$1.95
Pilgrim Place Senior Housing (62+)One Bedroom - Rent Based on Income1BR, 1BA$2.18
Key West ApartmentsStudioStudio, 1BA$1.57
Key ApartmentsEfficiencyStudio, 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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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

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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 $200 at Regency Apartments.

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.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.