
Cheap Apartments for Rent in Mount Vernon, IA from $400 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Vernon.


Legacy Creek Townhomes

Grand View Apartments

Village

Marion Lofts

Waterford Arms

Continental Terrace 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.

CR Legacy

Meadowview Apartments

C Street Townhomes

Oak Hill Jackson Brickstones

Asbury Court

Oak Hill Apartments

Blairs Ferry
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

145 E Main St

949 13th St

Williamsburg Apartments

795 4th Ave

2701 5th Ave

138 33rd St Dr SE

1485 Meadowview Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1534 3rd Ave SE

1209 O Ave Pl NE

North Ridge

1810 A Ave NE

850 Bridgit Ln

1450 Meadowview Dr

Residence on 11th
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Chalet South

Tulip Tree Apartments

1416 Oakland Rd NE
Mount Vernon, IA Local Guide

How much does it cost to rent an apartment in Mount Vernon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Vernon Studio Apartments | $1,295 | $925 | $2,577 |
| Mount Vernon 1 Bedroom Apartments | $1,201 | $460 | $2,944 |
| Mount Vernon 2 Bedroom Apartments | $1,270 | $450 | $3,268 |
| Mount Vernon 3 Bedroom Apartments | $1,557 | $425 | $2,490 |
| Mount Vernon 4 Bedroom Apartments | $1,313 | $1,090 | $1,430 |
Browse Top Apartments in Mount Vernon
See all Apartments in Mount VernonExplore Mount Vernon
Mount Vernon, IA Local Guide
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Cheapest Available Mount Vernon Apartments for Rent and Nearby
 The cheapest available apartment rental in Mount Vernon, IA is a 1 Bed unit found at Grand View Apartments priced from $460. Country Club View in the Wellington Heights neighborhood 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 Mount Vernon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grand View Apartments | 1bd | 1BR,1BA | $460 |
| Country Club View | 1 BR/ BA | 1BR,1BA | $525 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $675 |
| CR Legacy | 2x2 | 3BR,2BA | $695 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $695 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| 1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $725 |
| Oak Hill Jackson Brickstones | 1 Bedroom | 1BR,1BA | $760 |
| Asbury Court | 2 Beds, 1 bath | 2BR,1BA | $795 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1BA | $850 |
Best Value Apartments for Rent in Mount Vernon, IA and Nearby
As of February 06, 2026 the best value apartment in the Mount Vernon area is the $0.95 price per square foot 4x2 1 Model at Miller Avenue Estates in the in the Lincolnway Village neighborhood starting from $1,090. The second greatest value Mount Vernon apartment is the 2 Bedroom Flats Model at Regal Townhomes starting at $865 with a $0.84 price per square foot . Here is today’s list of the best values for Mount Vernon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Miller Avenue Estates | 4x2 1 | 4BR,2BA | $0.95 |
| Regal Townhomes | 2 Bedroom Flats | 2BR,1BA | $0.84 |
| CR Legacy | 2x2 | 3BR,2BA | $0.72 |
| Asbury Court | 2 Beds, 1 bath | 2BR,1BA | $0.86 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
| Country Club View | 2 BR / 1 BA | 2BR,1BA | $0.82 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1.5BA | $1.04 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $1.00 |
| Oak Hill Jackson Brickstones | 1 Bedroom | 1BR,1BA | $1.13 |
| Grand View Apartments | 1bd | 1BR,1BA | $0.86 |
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 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 Vernon, IA
Washington Elementary School
Mount Vernon High School
Mount Vernon Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Vernon, IA Rentals by Map
See the most popular apartments and homes in Mount Vernon, IA
Frequently Asked Questions about Cheap Mount Vernon Apartments
What is the Cheapest Studio apartment in Mount Vernon?
Currently the most affordable Cheap Studio Apartment in Mount Vernon is at Broad + Main on 7th listed at $925.
How much is rent for a Cheap One Bedroom Mount Vernon Apartment?
The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $460 at Grand View Apartments.
What is the lowest price for a Cheap Two Bedroom Mount Vernon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mount Vernon is starting from $655 at Grand View Apartments.
What is the most affordable Mount Vernon Three Bedroom Apartment?
The best deal on a cheap Mount Vernon Three Bedroom Apartment rental is at CR Legacy and starts from $695.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.