
Cheap Apartments for Rent in Mount Vernon, IA from $400 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Vernon.


Grand View Apartments

Village

Meadowview Apartments

C Street Townhomes

Waterford Arms

Continental Terrace Apartments

Continental Terrace II

Chapel Ridge Marion
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.

Asbury Court

Oak Hill Jackson Brickstones

Anderson Green I

Regal Townhomes

Kerry Manor Apartments

East Town Crossing

Total Monthly Price
Vive Senior Apartments

Broad + Main on 7th

Boulevard Apartments & Townhomes
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.

Wheatland Condos

2861 Prairie Hill Dr

Lynnwood Estates

Creekside Apartment Homes

Sinclair on 16th

NewBo Lofts

Oak Hill Apartments

Prairie Reserve

795 4th Ave
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.

Williamsburg Apartments

2701 5th Ave

138 33rd St Dr SE

CR Legacy

North Ridge

1810 A Ave NE

850 Bridgit Ln

Residence on 11th

Tulip Tree Apartments
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.

Chalet South

Marion Lofts

Blairs Ferry

Green Park Apartments

230 S Chestnut St

Miller Avenue Estates

205 Prairie Rose Ln

1040 Duchess Dr

1202 15th St SW
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.

1520 D Ave NE

150 Elm Ridge Dr

18407 Green Rd

920 W Cherry St
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 | $1,177 | $1,000 | $1,395 |
| Mount Vernon 1 Bedroom Apartments | $1,078 | $460 | $1,350 |
| Mount Vernon 2 Bedroom Apartments | $1,321 | $450 | $2,693 |
| Mount Vernon 3 Bedroom Apartments | $1,498 | $425 | $2,891 |
| Mount Vernon 4 Bedroom Apartments | $2,132 | $1,550 | $2,714 |
Browse Top Apartments in Mount Vernon
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Mount Vernon, IA Local Guide
- Nearby Cities
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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 Country Club View in the Wellington Heights neighborhood priced from $525. Village in the Young's Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $620. Here is today’s list of the most affordable Mount Vernon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Club View | 1 BR/ BA | 1BR,1BA | $525 |
| Village | 2 Bedroom | 2BR,1BA | $620 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $745 |
| Continental Terrace II | One Bedroom | 1BR,1BA | $775 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $775 |
| Asbury Court | 2 Beds, 1 bath | 2BR,1BA | $795 |
| Blairs Ferry | 1A 60% | 1BR,1BA | $862 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1BA | $930 |
| Chapel Ridge Marion | Two Bedroom | 2BR,2BA | $945 |
Best Value Apartments for Rent in Mount Vernon, IA and Nearby
As of May 08, 2026 the best value apartment in the Mount Vernon area is the $0.86 price per square foot 2 Beds, 1 bath Model at Asbury Court in the in the Mound View neighborhood starting from $795. The second greatest value Mount Vernon apartment is the Two Bedroom Model at Chapel Ridge Marion starting at $945 with a $1.04 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. |
|---|---|---|---|
| Asbury Court | 2 Beds, 1 bath | 2BR,1BA | $0.86 |
| Chapel Ridge Marion | Two Bedroom | 2BR,2BA | $1.04 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
| Country Club View | 2 BR / 1 BA | 2BR,1BA | $0.79 |
| 2861 Prairie Hill Dr | 1 Bed, 1 bath | 1BR,1BA | $1.25 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1.5BA | $1.14 |
| Broad + Main on 7th | Studio | Studio ,1BA | $1.37 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $1.10 |
| Blairs Ferry | 1A 60% | 1BR,1BA | $1.36 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $1.32 |
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 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 $1,000.
How much is rent for a Cheap One Bedroom Mount Vernon Apartment?
The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $525 at Country Club View.
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 $620 at Village.
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.