
Cheap Homes for Rent in Mount Vernon, IA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Mount Vernon.


115 Sugar Creek Ln

210 S Chestnut St

145 Sugar Creek Ln
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.

230 S Chestnut St

1804 6th Ave SE

1040 Duchess Dr

203 Prairie Rose Ln
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.

20 Zeller Crossing
Mount Vernon, IA Local Guide

How much does it cost to rent a home in Mount Vernon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Vernon 2 Bedroom Homes for Rent | $1,395 | $700 | $2,799 |
| Mount Vernon 3 Bedroom Homes for Rent | $1,715 | $1,250 | $2,175 |
| Mount Vernon 4 Bedroom Homes for Rent | $2,050 | $1,400 | $2,750 |
| Mount Vernon 5 Bedroom Homes for Rent | $2,850 | $2,100 | $3,600 |
Browse Top Homes for Rent in Mount Vernon
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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 |
| Blairs Ferry | 1A 40% | 1BR,1BA | $682 |
Best Value Apartments for Rent in Mount Vernon, IA and Nearby
As of June 13, 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 2 bedrrom -side by side townhome Model at C Street Townhomes starting at $725 with a $0.84 price per square foot in the Young's Hill 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. |
|---|---|---|---|
| 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 |
| Vive Senior Apartments | One Bedroom | 1BR,1BA | $1.53 |
| 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!
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Frequently Asked Questions about Mount Vernon
What type of rentals are currently available in Mount Vernon?
There are currently 55 Apartments for Rent in Mount Vernon, IA with pricing that ranges from $425 to $2,741. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Vernon ranging from $700 to $3,600.
What is the current price range for Rental Homes in Mount Vernon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Vernon ranges from $700 to $3,600 with an average monthly rent of $1,892.
How much are larger Three and Four Bedroom Rentals in Mount Vernon?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Vernon range from $425 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,175. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,550.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.