Cheap Apartments for Rent in Shannon City, IA from $500 (65 Rentals)

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

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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • Utilities Included
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The Bridges
1 to 2 Bedroom Apartments

The Bridges

1111 N 8th AveWinterset, IA 50273
  • Utilities Included

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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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. Next Level Apartments - Easton Village in the Easton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Shannon City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkway Village ApartmentsOne Bedroom1BR,1BA$540
Next Level Apartments - Easton VillageA11BR,1BA$695
Foxwood ApartmentsA11BR,1BA$718
Sunset ApartmentsStudio, 1 baStudio,1BA$725
University PointVO 2X12BR,1BA$725
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Woodland Park - Fontanelle1 BR1BR,1BA$775
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Northern Plains by KadingCottage - 22BR,1BA$795
Norwalk MeadowsB1 Classic2BR,1BA$825

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

As of May 27, 2026 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 3 bed 2 bath Model at Sunset Terrace starting at $1,220 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
Sunset Terrace3 bed 2 bath3BR,2BA$1.00
Linden West2 bed 2 bath w/out laundry2BR,2BA$1.05
Linden East ApartmentsTwo Bed2BR,1BA$1.00
University PointVO2X1R2BR,1BA$0.96
Northern Plains by KadingCottage - 22BR,1BA$0.94
Dennis Park ApartmentsB12BR,1BA$1.06
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Parkway Village ApartmentsTwo Bedroom (updated)2BR,1BA$0.99
Next Level Apartments - Easton VillageA11BR,1BA$1.07

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!

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Frequently Asked Questions about Cheap Shannon City Apartments

What is the Cheapest Studio apartment in Shannon City?

Currently the most affordable Cheap Studio Apartment in Shannon City is at Sunset Apartments listed at $725.

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 $690 at Parkway Village 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 Northern Plains by Kading and starts from $925.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.