
Cheap Homes for Rent in Mount Pleasant, IA from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Mount Pleasant.


304 S 2nd St

2545 N Co Rd 1740

407-407 SW 8th St

607 NE 3rd Ave

1218 Cedar St
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.

804 SW 4th St

418 N Main St

812 SW 9th St

218 1/2 W 7th St

912 2nd Ave

116 N 4th 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.
Mount Pleasant, IA Local Guide

How much does it cost to rent a home in Mount Pleasant?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Pleasant 2 Bedroom Homes for Rent | $1,187 | $685 | $1,800 |
| Mount Pleasant 3 Bedroom Homes for Rent | $1,298 | $1,100 | $1,495 |
| Mount Pleasant 4 Bedroom Homes for Rent | $2,700 | $2,200 | $3,200 |
| Mount Pleasant 5 Bedroom Homes for Rent | $2,975 | $2,900 | $3,050 |
Browse Top Homes for Rent in Mount Pleasant
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Mount Pleasant, IA Local Guide
- Mount Pleasant Neighborhoods
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Cheapest Neighborhoods for Apartments in Mount Pleasant, IA
Pricing Updated: 05/02/2026Current apartment rentals in the Mount Pleasant, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Mount Pleasant Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Original Town of Rome | $1,800 | $1,800 | 1 |
| Threshers Meadows | $1,800 | $1,800 | 1 |
Cheapest Available Mount Pleasant Apartments for Rent and Nearby
 The cheapest available apartment rental in Mount Pleasant, IA is a 1 Bed unit found at MAPLE PLACE APARTMENTS priced from $665. Welch Hotel Senior Apartments in the Oak Ridge neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Mount Pleasant apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAPLE PLACE APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $665 |
| Welch Hotel Senior Apartments | Studio | Studio,1BA | $695 |
| Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $695 |
| Tisdale Apartments | 2 Bedroom | 2BR,1BA | $720 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $750 |
Best Value Apartments for Rent in Mount Pleasant, IA and Nearby
As of May 02, 2026 the best value apartment in the Mount Pleasant area is the $1.07 price per square foot Churchill Lofts - 214 Model at Churchill Lofts in the in the Ginger Ridge neighborhood starting from $1,295. The second greatest value Mount Pleasant apartment is the C1 - 3x3 Model at The Quarters Iowa City starting at $695 with a $0.59 price per square foot in the Fair Meadows neighborhood. Here is today’s list of the best values for Mount Pleasant apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Churchill Lofts | Churchill Lofts - 214 | 2BR,1BA | $1.07 |
| The Quarters Iowa City | C1 - 3x3 | 3BR,3BA | $0.59 |
| EMERALD HILL APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.86 |
| Blaul Lofts | Blaul Lofts - 402 | 1BR,1BA | $1.00 |
| Westland Village | 2x1 | 2BR,1BA | $0.89 |
| School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $1.06 |
| Orchard Meadows | B1 Classic | 2BR,1BA | $0.96 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Tisdale Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| MAPLE PLACE APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $1.11 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Mount Pleasant, IA
Van Allen Elementary School
Mount Pleasant High School
Mount Pleasant Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Pleasant, IA Rentals by Map
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Frequently Asked Questions about Mount Pleasant
What type of rentals are currently available in Mount Pleasant?
There are currently 73 Apartments for Rent in Mount Pleasant, IA with pricing that ranges from $515 to $3,300. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Pleasant ranging from $550 to $5,000.
What is the current price range for Rental Homes in Mount Pleasant?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Pleasant ranges from $550 to $5,000 with an average monthly rent of $2,321.
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.