Cheap Apartments for Rent in Shannon City, IA from $500 (28 Rentals)

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

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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University Point
2 Bedroom Apartments

University Point

1217 W 16th StMaryville, MO 64468
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Shannon City, IA Local Guide

Cheapest Available Shannon City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shannon City, IA is a 1 Bed unit found at Parkway Village Apartments priced from $540. Foxwood Apartments in the Easton Park neighborhood 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 Shannon City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkway Village Apartments1 Bedroom1BR,1BA$540
Foxwood ApartmentsB22BR,1BA$600
Park Avenue Apartments2 Bed2BR,1BA$695
Northern Plains by KadingCottage - 22BR,1BA$695
Next Level Apartments - Deer RunB12BR,1BA$701
1010 N 16th St1 bedroom unit1BR,1BA$725
Forest Cove Apartments2x12BR,1BA$725
East Park Apartments1/2 Story Down2BR,1BA$750
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Regency Villa of Atlantic1 Bedroom1BR,1BA$775

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

As of July 28, 2025 the best value apartment in the Shannon City area is the $1.00 price per square foot Cottage-3 Model at Vesta Village by Kading in the starting from $1,235. The second greatest value Shannon City apartment is the Two Bed Model at Linden East Apartments starting at $900 with a $1.00 price per square foot in the Easton Park neighborhood. Here is today’s list of the best values for Shannon City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vesta Village by KadingCottage-33BR,2BA$1.00
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Northern Plains by KadingCottage - 22BR,1BA$0.83
Sunset Apartments2bd, 1ba2BR,1BA$0.96
Foxwood ApartmentsB12BR,1BA$0.78
Forest Cove Apartments2x12BR,1BA$0.89
Next Level Apartments - Deer RunB12BR,1BA$0.88
Park Avenue Apartments2 Bed2BR,1BA$0.87
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Parkway Village Apartments1 Bedroom1BR,1BA$0.90

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

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Getting Around Shannon City, IA

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

9 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Shannon City Apartments

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

The lowest price for a Cheap One Bedroom Shannon City Apartment is $540 at Parkway Village Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Shannon City is starting from $600 at Foxwood Apartments.

What is the most affordable Shannon City Three Bedroom Apartment?

The best deal on a cheap Shannon City Three Bedroom Apartment rental is at Forest Cove Apartments and starts from $800.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.