Cheap Apartments for Rent in Sheffield, IA from $300 (31 Rentals)

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

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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property at 546 2nd St

$495 - $575

Studio To 1 Bedroom Rentals

Available Now

546 2nd St

Webster CityIA50595

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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Palisades
1 to 2 Bedroom Apartments

Palisades

2340 River RoadIowa Falls, IA 50126
  • Utilities Included
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Pointe West Apartments
1 to 3 Bedroom Apartments

Pointe West Apartments

1901 W 18th StCedar Falls, IA 50613
Corporate Housing
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Sheffield, IA Local Guide

Cheapest Available Sheffield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheffield, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $350. Shalom Tower II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $405. Here is today’s list of the most affordable Sheffield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Residences on College Hill4 Bed 1 Bath Apartment4BR,1BA$350
Shalom Tower IITower I Efficiency1BR,1BA$405
Hubbard Maple Street Apartments1 BR/1 BA1BR,1BA$460
Key ApartmentsEfficiencyStudio,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
Woodland Park - EldoraStudioStudio,1BA$650
The River Apartments & TownhomesStudioStudio,1BA$795
City Center Kent Apartments1 Bedroom1BR,1BA$800
The Manor1bd 1 bth1BR,1BA$820

Best Value Apartments for Rent in Sheffield, IA and Nearby

As of May 21, 2026 the best value apartment in the Sheffield area is the $0.42 price per square foot 4BR/2BA Model at Hillcrest Park Apartments-Student Housing in the starting from $460. The second greatest value Sheffield apartment is the 3 Bedroom 1 Bathroom Model at The Meadows starting at $1,350 with a $1.25 price per square foot . Here is today’s list of the best values for Sheffield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hillcrest Park Apartments-Student Housing4BR/2BA4BR,2BA$0.42
The Meadows3 Bedroom 1 Bathroom3BR,1BA$1.25
Cedar Village Community2 Bed 1 Bath2BR,1BA$1.08
The Allure at Rivers Edge2 Bed/2bath2BR,2BA$1.22
Shalom Tower IITower II - One Bedroom1BR,1BA$0.73
Woodland Park - Eldora1 BR1BR,1BA$1.19
Hubbard Maple Street Apartments1 BR/1 BA1BR,1BA$0.75
Prairieview Manor1 Bedroom1BR,1BA$1.41
City Center Kent Apartments1 Bedroom1BR,1BA$1.33
18 S Adams AveOne Bedroom1BR,1BA$0.95

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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Quick Rent Budget Calculator

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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 Sheffield, IA Rentals by Map

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Frequently Asked Questions about Cheap Sheffield Apartments

What is the Cheapest Studio apartment in Sheffield?

Currently the most affordable Cheap Studio Apartment in Sheffield is at Key Apartments listed at $500.

How much is rent for a Cheap One Bedroom Sheffield Apartment?

The lowest price for a Cheap One Bedroom Sheffield Apartment is $405 at Shalom Tower II.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheffield is starting from $875 at Woodland Park - Eldora.

What is the most affordable Sheffield Three Bedroom Apartment?

The best deal on a cheap Sheffield Three Bedroom Apartment rental is at Cedar Village Community and starts from $1,095.

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.