
Cheap Apartments for Rent in Mount Vernon, IA from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Vernon.


Grand View Apartments

Anderson Green I

Village

Oak Hill Jackson Brickstones

C Street Townhomes

Continental Terrace II

Meadowview Apartments

Continental Terrace Apartments
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.

Waterford Arms

Asbury Court

Regal Townhomes

Lancer Townhouses and Apartments

Chapel Ridge Marion

Kerry Manor Apartments

East Town Crossing

2861 Prairie Hill Dr

Lynnwood Estates
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.

Total Monthly Price
Vive Senior Apartments

Oak Hill Apartments

Total Monthly Price
Sonoma Square

3000 Bever Ave SE

Williamsburg Apartments

795 4th Ave

2701 5th Ave

CR Legacy

North Ridge
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.

1810 A Ave NE

850 Bridgit Ln

Residence on 11th

Chalet South

Tulip Tree Apartments

1414 Oakland Rd NE

1228 O Ave Pl NE

Marion Lofts

310 8th Ave
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.

Anderson Greene I

Green Park Apartments

Broad + Main on 6th & 7th

365 Beaver Kreek Center

245 Beaver Kreek Center

Miller Avenue Estates

Blairs Ferry

608 S Garnavillo St

1237 Lincoln Dr
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.

1055 4th Ave
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 | $1,395 | $1,395 | $1,395 |
| Mount Vernon 1 Bedroom Apartments | $994 | $460 | $1,475 |
| Mount Vernon 2 Bedroom Apartments | $1,184 | $485 | $1,900 |
| Mount Vernon 3 Bedroom Apartments | $1,549 | $640 | $2,550 |
| Mount Vernon 4 Bedroom Apartments | $2,167 | $1,580 | $2,755 |
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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 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 1 Bed apartment currently listed from $635. 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 | 1 Bedroom | 1BR,1BA | $635 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| Continental Terrace II | One Bedroom | 1BR,1BA | $765 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $775 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $775 |
| Asbury Court | 2 Beds, 1 bath | 2BR,1BA | $795 |
| Lancer Townhouses and Apartments | Townhome | 1BR,1BA | $935 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1BA | $960 |
| 2861 Prairie Hill Dr | 1 Bed, 1 bath | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Mount Vernon, IA and Nearby
As of August 08, 2026 the best value apartment in the Mount Vernon area is the $1.45 price per square foot 3x2 Model at East Town Crossing in the starting from $1,695. The second greatest value Mount Vernon apartment is the 60-Piston Model at Marion Lofts starting at $1,324 with a $1.36 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. |
|---|---|---|---|
| East Town Crossing | 3x2 | 3BR,2BA | $1.45 |
| Marion Lofts | 60-Piston | 2BR,1BA | $1.36 |
| 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 | $0.79 |
| 2861 Prairie Hill Dr | 1 Bed, 1 bath | 1BR,1BA | $1.25 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1.5BA | $1.17 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $1.15 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Continental Terrace II | One Bedroom | 1BR,1BA | $1.39 |
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
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 $650 at Country Club View.
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

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.

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.

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.

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.