
Cheap Homes for Rent near Sheffield, IA from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Sheffield.


515 Pleasant St

101 N Mill St
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.

603 Iowa St

409 Norwood Ave

806 Cedar River Dr NW
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.

804 W 18th St
Sheffield, IA Local Guide

How much does it cost to rent a home in Sheffield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sheffield 2 Bedroom Homes for Rent | $1,352 | $775 | $2,200 |
| Sheffield 3 Bedroom Homes for Rent | $1,508 | $1,000 | $2,290 |
| Sheffield 4 Bedroom Homes for Rent | $1,766 | $1,350 | $2,200 |
| Sheffield 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Sheffield
Explore Sheffield
Sheffield, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Sheffield Apartments for Rent and Nearby
 The cheapest available apartment rental in Sheffield, IA is a 4 Beds unit found at The Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $350. Hubbard Maple Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $460. Here is today’s list of the most affordable Sheffield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $350 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $460 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
Best Value Apartments for Rent in Sheffield, IA and Nearby
As of July 29, 2026 the best value apartment in the Sheffield area is the $1.17 price per square foot Palace Apartments - Two Bedrooms Model at Palace Apartments in the starting from $1,520. The second greatest value Sheffield apartment is the 4BR/2BA Model at Hillcrest Park Apartments-Student Housing starting at $552 with a $0.50 price per square foot . Here is today’s list of the best values for Sheffield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Palace Apartments | Palace Apartments - Two Bedrooms | 2BR,1BA | $1.17 |
| Hillcrest Park Apartments-Student Housing | 4BR/2BA | 4BR,2BA | $0.50 |
| Rolling Meadows Apartments | 3 bedroom/2bath | 3BR,2BA | $0.96 |
| Cedar Village Community | 2 Bed 1 Bath | 2BR,1BA | $1.08 |
| The Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $0.39 |
| The Allure at Rivers Edge | 2 Bed/2bath | 2BR,2BA | $1.22 |
| Woodland Park - Eldora | 1 BR | 1BR,1BA | $1.19 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $0.75 |
| Regency Apartments | 1 BD | 1BR,1BA | $0.35 |
| 18 S Adams Ave | One Bedroom | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Sheffield, IA Rentals by Map
See the most popular apartments and homes in Sheffield, IA
Frequently Asked Questions about Sheffield
What type of rentals are currently available in Sheffield?
There are currently 50 Apartments for Rent in Sheffield, IA with pricing that ranges from $460 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sheffield ranging from $575 to $2,800.
What is the current price range for Rental Homes in Sheffield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sheffield ranges from $575 to $2,800 with an average monthly rent of $1,533.
How much are larger Three and Four Bedroom Rentals in Sheffield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Sheffield range from $850 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,290. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $552.
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

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.

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.

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.

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.