
Cheap Homes for Rent in Preston, IA from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.


416 7th Ave S

512 Breezy Point Dr

247 W 11th St

2519 N 3rd St

1131 Main St

651 Caledonia Pl
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.

232 Cardiff St

419 5th Ave N

164 Park St

2025 S Bluff Blvd

308 Hill St

2751 W 72nd St

101 W Spring 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.
Preston, IA Local Guide

How much does it cost to rent a home in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston 2 Bedroom Homes for Rent | $1,106 | $850 | $1,700 |
| Preston 3 Bedroom Homes for Rent | $1,573 | $528 | $2,550 |
| Preston 4 Bedroom Homes for Rent | $2,210 | $950 | $2,950 |
| Preston 5 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Top Homes for Rent in Preston
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cross Creek | 1 x 1 | 1BR,1BA | $602 |
| PARK RUN APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $645 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $669 |
| Washington Senior Apartments | Studio | Studio,1BA | $750 |
| Village at Sheridan Meadows | Studio - Phase 2 | Studio,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 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 | $0.98 |
| Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.10 |
| Crystal Ridge Apartments & Townhomes | 2BR | 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 | $0.72 |
| Winding Hills Apartments | 1 Bedroom | 1BR,1BA | $1.14 |
| Maplewood Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.03 |
| 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!
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See the most popular apartments and homes in Preston, IA
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

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.