
Cheap Apartments for Rent in Parnell, IA from $600 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in Parnell.


Park Place

Seville

Scotsdale

Emerald Ct

Parkside Manor

808 on 5th

Westgate Villa

Green Meadow Apartments

1453-1458 Eastview Dr
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.

The Lundell

River Ridge Place

Aster Village

The Baltic

Willow Ridge Apartments

Penn Street Place

Boardwalk

Ventnor

926 Harlocke St (IC)

The New York
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.

The Hampton at Coral Ridge

965 Flats

Woodridge Estates

1032 Newton Rd

Total Monthly Price
Newton Pointe Apartments

Carriage Hill

280 S Chestnut St

Oakcrest

Knollridge Garden Apartments

1006 Oakcrest Street Apartments
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.

1632 5th St

708 Westwinds Dr

2870 Coral Ct

Western Hills

1014 Oakcrest Street Iowa City IA

2262 Holiday Rd

728 Westwinds Dr

734 Westwinds Dr

719 Westwinds Dr

2620 Westwinds Dr
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.

Autumn Ridge

2867 Coral Ct

2869 Coral Ct

510 Pond View Dr

545 Pond View Dr

565 Pond View Dr

2865 Spring Rose Cir

2890 Coral Ct

1701 21st Ave Pl

1725 Caleb Ct
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.
Parnell, IA Local Guide

How much does it cost to rent an apartment in Parnell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parnell Studio Apartments | $1,159 | $695 | $1,350 |
| Parnell 1 Bedroom Apartments | $1,390 | $845 | $2,745 |
| Parnell 2 Bedroom Apartments | $1,487 | $812 | $3,642 |
| Parnell 3 Bedroom Apartments | $1,723 | $1,225 | $3,445 |
| Parnell 4 Bedroom Apartments | $1,790 | $1,790 | $1,790 |
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Parnell, IA Local Guide
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Cheapest Available Parnell Apartments for Rent and Nearby
 The cheapest available apartment rental in Parnell, IA is a Studio unit found at Lakewood Hills Apartments in the Old Mill Creek neighborhood priced from $695. Aspire at West Campus in the Coralview Heights neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $812. Here is today’s list of the most affordable Parnell apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakewood Hills Apartments | Studio | Studio,1BA | $695 |
| Aspire at West Campus | 2x2 Herky - Unfurnished | 2BR,2BA | $812 |
| Seville | 1 BR - Sublet | 1BR,1BA | $905 |
| 808 on 5th | Studio | Studio,1BA | $995 |
| 1453-1458 Eastview Dr | 1455 Eastview | 2BR,1BA | $1,100 |
| The Baltic | Style D2 | Studio,1BA | $1,195 |
| Willow Ridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,200 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1,250 |
| 1032 Newton Rd | 2 | 1BR,1BA | $1,400 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1,425 |
Best Value Apartments for Rent in Parnell, IA and Nearby
As of June 22, 2026 the best value apartment in the Parnell area is the $1.44 price per square foot G Model at The Hawthorne in the in the The Pond's Edge neighborhood starting from $1,800. The second greatest value Parnell apartment is the 2 Bedroom Style B1 Model at Aster Village starting at $1,725 with a $1.44 price per square foot in the Old Mill Creek neighborhood. Here is today’s list of the best values for Parnell apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hawthorne | G | 3BR,2BA | $1.44 |
| Aster Village | 2 Bedroom Style B1 | 2BR,2BA | $1.44 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1.30 |
| 1453-1458 Eastview Dr | 1455 Eastview | 2BR,1.5BA | $1.08 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1.25 |
| Penn Street Place | Corner Windows | 2BR,2BA | $1.80 |
| 1735 N Jones Blvd | Layout 2A | 2BR,2BA | $1.72 |
| Seville | 1 BR - Sublet | 1BR,1BA | $1.34 |
| 808 on 5th | 424 S | 1BR,1BA | $1.75 |
| The Baltic | Style D2 | Studio ,1BA | $1.86 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Parnell, IA Rentals by Map
See the most popular apartments and homes in Parnell, IA
Frequently Asked Questions about Cheap Parnell Apartments
What is the Cheapest Studio apartment in Parnell?
Currently the most affordable Cheap Studio Apartment in Parnell is at Lakewood Hills Apartments listed at $695.
How much is rent for a Cheap One Bedroom Parnell Apartment?
The lowest price for a Cheap One Bedroom Parnell Apartment is $845 at Lakewood Hills Apartments.
What is the lowest price for a Cheap Two Bedroom Parnell Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parnell is starting from $812 at Aspire at West Campus.
What is the most affordable Parnell Three Bedroom Apartment?
The best deal on a cheap Parnell Three Bedroom Apartment rental is at Newton Pointe Apartments and starts from $1,425.
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.