Cheap Apartments for Rent in Mason City, IA from $400 (33 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
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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

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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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 108 5th St NE

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

4 Bedroom, 2 Bath Home for Rent

Available Now

108 5th St NE, Unit Bed 1

108 5th St NE
WaverlyIA50677
property at 320 Maple St

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

2 Bedroom, 1 Bath Home for Rent

Available Sep 15

320 Maple St

AllisonIA50602
property at 424 Bridge Ave

$850 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 To 2 Bedroom Rentals

Available Now

424 Bridge Ave

Albert LeaMN56007

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 1506 7th St SE

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

1506 7th St SE

AustinMN55912
property at 121 Main St S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Now

121 Main St S

Grand MeadowMN55936
property at 302 19th St NE

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Aug 14

302 19th 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.

property at 930 S Broadway Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

930 S Broadway Ave

Albert LeaMN56007

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
Pilgrim Place Senior Housing (62+)Studio - Rent Based on IncomeStudio,1BA$992
The Delaware - Luxury Apartment's in Mason City!StudioStudio,1BA$995
Federal Ave Rowhomes1x11BR,1BA$1,070
The River1 Bed 1 Bath Apartment (A)1BR,1BA$1,130

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

As of August 08, 2026 the best value apartment in the Mason City area is the $1.59 price per square foot 1 Bed 1 Bath Apartment (A) Model at The River in the starting from $1,130. The second greatest value Mason City apartment is the 1 Bedroom Model at City Center Kent Apartments starting at $800 with a $1.33 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 River1 Bed 1 Bath Apartment (A)1BR,1BA$1.59
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+)Studio - Rent Based on IncomeStudio ,1BA$2.41
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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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.