Cheap Apartments for Rent in Parnell, IA from $600 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Parnell.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Oakcrest
2 Bedroom Apartments

Oakcrest

801 Oakcrest StIowa City, IA 52246
  • Utilities Included
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Carriage Hill
2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
  • Utilities Included

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Parnell, IA Local Guide

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. 280 S Chestnut St in the Old Mill Creek neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Parnell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudio GoldStudio,1BA$695
280 S Chestnut St270 S chestnut2BR,1BA$800
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
Knollridge Garden Apartments2BR/1.0BA2BR,1BA$875
River Ridge PlaceStudio/1BA 371 sq ftStudio,1BA$975
Aster VillageStudio CStudio,1BA$1,065
Penn Street Place1 Bedroom1BR,1BA$1,125
Willow Ridge Apartments2 Beds, 1 bath2BR,1BA$1,200
965 FlatsA11BR,1BA$1,235
The New York1 BR B1BR,1BA$1,295

Best Value Apartments for Rent in Parnell, IA and Nearby

As of May 15, 2025 the best value apartment in the Parnell area is the $1.38 price per square foot 4 bedroom 4 Bath Model at Prairie Village in the in the Old Mill Creek neighborhood starting from $2,995. The second greatest value Parnell apartment is the 2 Bed 2.5 Bath Model at The Hunt Club starting at $1,550 with a $1.11 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie Village4 bedroom 4 Bath4BR,4BA$1.38
The Hunt Club2 Bed 2.5 Bath2BR,2.5BA$1.11
The Emory North Liberty2 Bedroom Suite2BR,2BA$1.87
280 S Chestnut St270 S chestnut2BR,1BA$0.80
The New York1 BR B1BR,1BA$1.53
Knollridge Garden Apartments2 Bedroom2BR,1BA$1.09
VentnorStyle C3.21BR,1BA$1.75
Penn Street Place1 Bedroom1BR,1BA$1.78
Woodridge Estates29 Redtail Bend - 1 BR / 1 BA1BR,1BA$1.93
Aster VillageStudio CStudio ,1BA$1.90

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Remember the 3 Rules of Real Estate:
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Getting Around Parnell, IA

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

17 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $800 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 $800 at 280 S Chestnut St.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.