Cheap Homes for Rent in Preston, IA from $500 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Preston.

property at 1131 Main St

$875

3 Bedroom Rentals

Available Now

1131 Main St

DubuqueIA52001

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.

property at 308 Hill St

$995 - $1,795

1 To 3 Bedroom Rentals

Available Now

308 Hill St

DubuqueIA52001

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.

Preston, IA Local Guide

Cheapest Available Preston Apartments for Rent and Nearby

 

The cheapest available apartment rental in Preston, IA is a 1 Bed unit found at Cross Creek in the North Side neighborhood priced from $602. PARK RUN APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cross Creek1 x 11BR,1BA$602
PARK RUN APARTMENTS1 Bed 1 Bath1BR,1BA$645
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
Washington Senior ApartmentsStudioStudio,1BA$750
Village at Sheridan MeadowsStudio - Phase 2Studio,1BA$750

Best Value Apartments for Rent in Preston, IA and Nearby

As of June 21, 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 $975 with a $0.98 price per square foot . Here is today’s list of the best values for Preston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Super 20 Mobile Home Park3 Bed 2 Bath3BR,2BA$0.78
1182 Locust StApt 41BR,1BA$0.98
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.10
Crystal Ridge Apartments & Townhomes2BR2BR,1BA$1.10
PARK RUN APARTMENTS2 Bed 1 Bath2BR,1BA$0.99
Riverside Apartments and TownhomesTwo Bed, One Bath Townhome2BR,1BA$1.03
Cross Creek1 x 11BR,1BA$0.72
Winding Hills Apartments1 Bedroom1BR,1BA$1.14
Maplewood Apartments2 Bedroom 1 Bath2BR,1BA$1.03
Pine View1 Bedroom 1 Bath Efficiency1BR,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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Preston, IA

Ranked #27

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Preston, IA Rentals by Map

View Map
Preston, IA Apartments Map
View Map
Preston, IA Rental Homes Map

Frequently Asked Questions about Preston

What type of rentals are currently available in Preston?

There are currently 53 Apartments for Rent in Preston, IA with pricing that ranges from $550 to $4,990. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $528 to $2,950.

What is the current price range for Rental Homes in Preston?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston ranges from $528 to $2,950 with an average monthly rent of $1,393.

How much are larger Three and Four Bedroom Rentals in Preston?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Preston range from $830 to $4,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $528 to $2,550. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $2,025.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.