Cheap Apartments for Rent near Promise City, IA from $400 (68 Rentals)

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

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.

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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.

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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.

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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.

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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
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Washington Apartments
1 to 3 Bedroom Apartments

Washington Apartments

539 W 4th StOttumwa, IA 52501
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • Utilities Included

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.

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Promise City, IA Local Guide

Cheapest Available Promise City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Promise City, IA is a Studio unit found at Karlton Apartments priced from $415. Centerville Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Promise City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Karlton ApartmentsStudioStudio,1BA$415
Centerville Senior LoftsThe Dublin2BR,1BA$600
Foxwood ApartmentsA21BR,1BA$701
Sunset Apartments1 bedroom,Studio,1BA$725
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$725
The Ridges1 Bedroom1BR,1BA$740
Indianola Park II Apartments1BR Upper1BR,1BA$750
Indianola Park Apartments1BR Upper1BR,1BA$750
The Hampton Meadows1 Bedroom1BR,1BA$750
Northern Plains by KadingCottage - 22BR,1BA$795

Best Value Apartments for Rent in Promise City, IA and Nearby

As of July 30, 2026 the best value apartment in the Promise City area is the $0.95 price per square foot 3 Bedroom Model at The Meadows in the in the Somerset neighborhood starting from $995. The second greatest value Promise City apartment is the 3 Bedroom 2 Bathroom Model at Country Club Estates starting at $950 with a $0.93 price per square foot . Here is today’s list of the best values for Promise City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Meadows3 Bedroom3BR,2BA$0.95
Country Club Estates3 Bedroom 2 Bathroom3BR,2BA$0.93
Fort Des Moines2-Bedroom2BR,2BA$0.97
Next Level Apartments - Easton VillageC13BR,1BA$0.89
Centerville Senior LoftsThe Dearborn2BR,1BA$0.83
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Northern Plains by KadingCottage - 22BR,1BA$0.94
Deer Run ApartmentsB12BR,1BA$1.05
Dennis Park ApartmentsB12BR,1BA$1.04
Karlton ApartmentsStudioStudio ,1BA$0.83

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.

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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.

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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.

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

Explore Promise City, IA Rentals by Map

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See the most popular apartments and homes in Promise City, IA

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Frequently Asked Questions about Cheap Promise City Apartments

How much is rent for a Cheap One Bedroom Promise City Apartment?

The lowest price for a Cheap One Bedroom Promise City Apartment is $701 at Foxwood Apartments.

What is the lowest price for a Cheap Two Bedroom Promise City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Promise City is starting from $600 at Centerville Senior Lofts.

What is the most affordable Promise City Three Bedroom Apartment?

The best deal on a cheap Promise City Three Bedroom Apartment rental is at Next Level Apartments - Easton Village and starts from $886.

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

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.