
Cheap Apartments for Rent in Mason City, IA from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Mason City.


Key Apartments

18 S Adams Ave

113 N Connecticut Ave

Key West Apartments

The River Apartments & Townhomes

Pebble Creek Apartments
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.

City Center Kent Apartments

The Manor

Federal Ave Rowhomes

River City Apartments

Kirk Apartments

642-646 S Pierce Ave

State Street 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.

Timber Creek Townhomes

Concord Square Apartments

20 NE Schmitz St, Unit 8, Unit 8

302 Franke St

220 E 7th St

110 S 4th Ave W

702 E Main 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.

121 Main St S
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 | $736 | $500 | $1,025 |
| Mason City 1 Bedroom Apartments | $936 | $405 | $1,430 |
| Mason City 2 Bedroom Apartments | $1,252 | $800 | $1,600 |
| Mason City 3 Bedroom Apartments | $1,429 | $1,150 | $1,645 |
| 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 and Nearby
 The cheapest available apartment rental in Mason City, IA is a 1 Bed unit found at Shalom Tower II priced from $405. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shalom Tower II | Tower I Efficiency | 1BR,1BA | $405 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
| Key West Apartments | Studio | Studio,1BA | $550 |
| The River Apartments & Townhomes | Studio | Studio,1BA | $715 |
Best Value Apartments for Rent in Mason City, IA and Nearby
As of May 07, 2026 the best value apartment in the Mason City area is the $0.87 price per square foot 113 N Connecticut Ave Model at 113 N Connecticut Ave in the starting from $985. The second greatest value Mason City apartment is the 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,150 with a $1.03 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. |
|---|---|---|---|
| 113 N Connecticut Ave | 113 N Connecticut Ave | 2BR,1.5BA | $0.87 |
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| The Meadows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.28 |
| Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.73 |
| The River Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.53 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
| Federal Ave Rowhomes | 1x1 | 1BR,1BA | $1.63 |
| 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 $405 at Shalom Tower II.
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

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.