
Cheap Apartments for Rent in Mount Vernon, IA from $400 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Vernon.


Grand View Apartments

Village

Oak Hill Jackson Brickstones

Meadowview Apartments

C Street Townhomes

Continental Terrace II

Continental Terrace Apartments

Waterford Arms

Asbury Court
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 Green I

Regal Townhomes

Lancer Townhouses and Apartments

Kerry Manor Apartments

East Town Crossing

2861 Prairie Hill Dr

Lynnwood Estates

Total Monthly Price
Vive Senior Apartments

Oak Hill Apartments

Sinclair on 16th
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.

NewBo Lofts

Creekside Apartment Homes

Boulevard Apartments & Townhomes

Wheatland Condos

Chapel Ridge Marion

Prairie Reserve

Williamsburg Apartments

795 4th Ave

2701 5th Ave

Blairs Ferry
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.

CR Legacy

North Ridge

1810 A Ave NE

850 Bridgit Ln

Residence on 11th

Tulip Tree Apartments

Chalet South

Marion Lofts

310 8th Ave

900 1/2 Heefner St
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.

210 S Chestnut St

145 Sugar Creek Ln

115 Sugar Creek Ln

Green Park Apartments

Broad + Main on 7th

230 S Chestnut St

Miller Avenue Estates

1040 Duchess Dr

203 Prairie Rose Ln

1212 8th St NW
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.
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 | $998 | $460 | $1,475 |
| Mount Vernon 2 Bedroom Apartments | $1,227 | $455 | $2,648 |
| Mount Vernon 3 Bedroom Apartments | $1,439 | $425 | $2,547 |
| Mount Vernon 4 Bedroom Apartments | $1,833 | $1,550 | $2,117 |
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 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 |
| Blairs Ferry | 1A 40% | 1BR,1BA | $682 |
| Oak Hill Jackson Brickstones | 1 Bedroom | 1BR,1BA | $715 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| Continental Terrace II | One Bedroom | 1BR,1BA | $765 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $775 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $775 |
| Asbury Court | 2 Beds, 1 bath | 2BR,1BA | $795 |
| Lancer Townhouses and Apartments | Townhome | 1BR,1BA | $935 |
Best Value Apartments for Rent in Mount Vernon, IA and Nearby
As of June 22, 2026 the best value apartment in the Mount Vernon area is the $1.46 price per square foot 2 Bed 1 Bath Model at Wheatland Condos in the in the Corridor Ridge neighborhood starting from $1,350. The second greatest value Mount Vernon apartment is the 2 Beds, 1 bath Model at Asbury Court starting at $795 with a $0.86 price per square foot in the Mound View neighborhood. 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. |
|---|---|---|---|
| Wheatland Condos | 2 Bed 1 Bath | 2BR,1BA | $1.46 |
| 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 |
| Oak Hill Jackson Brickstones | 1 Bedroom | 1BR,1BA | $1.07 |
| 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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.