Cheap Apartments for Rent in Shannon City, IA from $500 (32 Rentals)

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

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property at 940 27th St

940 27th St

ClarindaIA51632

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University Point
1 to 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 2 Beds unit found at Foxwood Apartments in the Easton Park neighborhood priced from $600. Forest Cove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Shannon City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxwood ApartmentsB22BR,1BA$600
Forest Cove Apartments1x1 Small1BR,1BA$625
Parkway Village Apartments2 Bedroom2BR,1BA$640
Northern Plains by KadingCottage - 22BR,1BA$695
Park Avenue Apartments2 Bed2BR,1BA$695
1010 N 16th St1 bedroom unit1BR,1BA$725
Next Level Apartments - Deer RunB12BR,1BA$726
East Park Apartments1/2 Story Down2BR,1BA$750
Sunset Apartments1bd, 1ba1BR,1BA$750
Regency Villa of Atlantic1 Bedroom1BR,1BA$775

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

As of September 13, 2025 the best value apartment in the Shannon City area is the $1.09 price per square foot Berkshire Model at Osceola Heights in the starting from $1,295. The second greatest value Shannon City apartment is the B1 - Income Restricted Model at Cedarbrooke Place starting at $1,046 with a $1.09 price per square foot in the Prairie View 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.
Osceola HeightsBerkshire3BR,2BA$1.09
Cedarbrooke PlaceB1 - Income Restricted2BR,2BA$1.09
Vesta Village by KadingCottage-22BR,1BA$1.10
Northern Plains by KadingCottage - 22BR,1BA$0.83
Park Avenue Apartments2 Bed2BR,1BA$0.87
Next Level Apartments - Deer RunB12BR,1BA$0.91
Sunset Apartments1bd, 1ba1BR,1BA$1.03
Parkway Village Apartments2 Bedroom Remodeled2BR,1BA$0.99
Forest Cove Apartments1x1 Small1BR,1BA$0.96
Foxwood ApartmentsA21BR,1BA$1.03

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

Explore Shannon City, IA Rentals by Map

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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 $625 at Forest Cove 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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.