
Cheap Apartments for Rent near Preston, IA from $300 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


Oak Valley Apartments

PARK RUN APARTMENTS

Redstone Commons

Pine View

Nottingham West Apartments

Candlelight Park

Ashford Apartments

Total Monthly Price
Washington Senior Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Village at Sheridan Meadows

Maplewood Apartments

2510 E 50th St

Windsor Crest Apartments

The Villas at Devils Glen

Total Monthly Price
Prestwick Senior Living

Iowa Mutual Lofts

Super 20 Mobile Home Park

Winding Hills Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Riverside Apartments and Townhomes

Cross Creek

1182 Locust St

Park Place Apartments

Chateau Knoll

Crystal Ridge Apartments & Townhomes

Valley Bluff Townhomes

Tallgrass Townhomes

535 7th Ave S
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.

Roosevelt School Apartments

416 7th Ave S

102 E Market St

2100 Pershing Blvd

522 N 4th St

209 E 10th St

2916 Roosevelt St

1124 Locust St

725 Duggan 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.

247 W 11th St

2519 N 3rd St

513 Wellmoor St

112 30th Ave N

444 S 14th St

73 Manor Dr

Crow Creek Apartments

232 Cardiff St

651 Caledonia Pl
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.

419 5th Ave N

2025 S Bluff Blvd

Highland Meadows

834 N 4th St
Preston, IA Local Guide

How much does it cost to rent an apartment in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston Studio Apartments | $1,072 | $700 | $1,496 |
| Preston 1 Bedroom Apartments | $1,097 | $571 | $1,695 |
| Preston 2 Bedroom Apartments | $1,290 | $732 | $3,250 |
| Preston 3 Bedroom Apartments | $1,783 | $945 | $4,990 |
| Preston 4 Bedroom Apartments | $2,737 | $2,025 | $3,750 |
Browse Top Apartments in Preston
See all Apartments in PrestonExplore Preston
Preston, IA Local Guide
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Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, IA is a 1 Bed unit found at PARK RUN APARTMENTS priced from $645. Pine View has the second lowest priced unit, which is a 1 Bed apartment currently listed from $669. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| PARK RUN APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $645 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $669 |
| Redstone Commons | Two Bedroom | 2BR,1BA | $723 |
| Oak Valley Apartments | Two Bedroom | 2BR,1BA | $726 |
| Village at Sheridan Meadows | Studio - Phase 2 | Studio,1BA | $750 |
| Washington Senior Apartments | Studio | Studio,1BA | $750 |
| Maplewood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $755 |
| Windsor Crest Apartments | Studio | Studio,1BA | $785 |
| Prestwick Senior Living | One Bedroom | 1BR,1BA | $850 |
| Winding Hills Apartments | 1 Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Preston, IA and Nearby
As of July 24, 2026 the best value apartment in the Preston area is the $0.78 price per square foot 3 Bed 2 Bath Model at Super 20 Mobile Home Park in the starting from $995. The second greatest value Preston apartment is the Apt 4 Model at 1182 Locust St starting at $925 with a $0.93 price per square foot . Here is today’s list of the best values for Preston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Super 20 Mobile Home Park | 3 Bed 2 Bath | 3BR,2BA | $0.78 |
| 1182 Locust St | Apt 4 | 1BR,1BA | $0.93 |
| Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.10 |
| PARK RUN APARTMENTS | 2 Bed 1 Bath | 2BR,1BA | $0.99 |
| Riverside Apartments and Townhomes | Two Bed, One Bath Townhome | 2BR,1BA | $1.03 |
| Cross Creek | 1 x 1 | 1BR,1BA | $1.11 |
| Oak Valley Apartments | Two Bedroom | 2BR,1BA | $0.89 |
| Maplewood Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.03 |
| Redstone Commons | Two Bedroom | 2BR,1BA | $1.05 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $1.12 |
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.
Pet Friendly LifestylePreston, IA
Ranked #27
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Preston, IA Rentals by Map
See the most popular apartments and homes in Preston, IA
Frequently Asked Questions about Cheap Preston Apartments
What is the Cheapest Studio apartment in Preston?
Currently the most affordable Cheap Studio Apartment in Preston is at Village at Sheridan Meadows listed at $750.
How much is rent for a Cheap One Bedroom Preston Apartment?
The lowest price for a Cheap One Bedroom Preston Apartment is $645 at PARK RUN APARTMENTS.
What is the lowest price for a Cheap Two Bedroom Preston Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $747 at Oak Valley Apartments.
What is the most affordable Preston Three Bedroom Apartment?
The best deal on a cheap Preston Three Bedroom Apartment rental is at Pine View and starts from $969.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.