
Cheap Apartments for Rent in Parnell, IA from $600 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Parnell.


Seville

Park Place

Scotsdale

Emerald Ct

Parkside Manor

808 on 5th

The Lundell

River Ridge Place
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.

Westgate Villa

Green Meadow Apartments

1453-1458 Eastview Dr

Aster Village

Willow Ridge Apartments

Village Pointe

Penn Street Place

Carriage Hill

280 S Chestnut St
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.

601 21st Ave Pl

Oakcrest

Knollridge Garden Apartments

2635 Westwinds Dr

2639 Westwinds Dr

2863 Coral Ct

641 Kimberlite St

101 21st Ave Pl

642 Kimberlite 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.

648 Kimberlite St

2432 Petsel Pl

1006 Oakcrest Street Apartments

2262 Holiday Rd

2446 Rushmore Dr

2870 Coral Ct

Western Hills

1014 Oakcrest Street Iowa City IA

728 Westwinds Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

719 Westwinds Dr

734 Westwinds Dr

2620 Westwinds Dr
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 | $1,476 | $845 | $3,005 |
| Parnell 2 Bedroom Apartments | $1,517 | $812 | $3,555 |
| Parnell 3 Bedroom Apartments | $1,480 | $799 | $3,399 |
| Parnell 4 Bedroom Apartments | $737 | $699 | $775 |
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Parnell, IA Local Guide
- Nearby Cities
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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 |
| Scotsdale | 2 BR Sublet Middle Floor | 2BR,1BA | $1,015 |
| The Lundell | 0BR/1.0BA | Studio,1BA | $1,150 |
| Willow Ridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,200 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1,250 |
| River Ridge Place | 31 Redtail Drive | 1BR,1BA | $1,350 |
| 1032 Newton Rd | 2 | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Parnell, IA and Nearby
As of April 26, 2026 the best value apartment in the Parnell area is the $1.36 price per square foot G Model at The Hawthorne in the in the The Pond's Edge neighborhood starting from $1,700. The second greatest value Parnell apartment is the 3 bed 1 bath Model at Newton Pointe Apartments starting at $1,425 with a $1.30 price per square foot in the Cottage Hill 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 | $1.36 |
| Newton Pointe Apartments | 3 bed 1 bath | 3BR,1BA | $1.30 |
| 926 Harlocke St (IC) | 2 BR/1 BA | 2BR,1BA | $1.25 |
| Penn Street Place | Corner Windows | 2BR,2BA | $1.80 |
| Scotsdale | 2 Bdrm Sublet - Upper Floor | 2BR,1.5BA | $1.17 |
| The Banks Student Living | 2x2 A | 2BR,2BA | $1.04 |
| River Ridge Place | 31 Redtail Drive | 1BR,1BA | $1.83 |
| 1032 Newton Rd | 2 | 1BR,1BA | $2.03 |
| Seville | 1 BR - Sublet | 1BR,1BA | $1.34 |
| 808 on 5th | 424 S | 1BR,1BA | $1.75 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.