Cheap Apartments for Rent in Sheldon, IA from $400 (67 Rentals)

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

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Prairie Ridge
1 to 3 Bedroom Apartments

Prairie Ridge

1011 16th StSheldon, IA 51201
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321 Sheldon
2 Bedroom Apartments

321 Sheldon

321 9th StSheldon, IA 51201

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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Fair View
$845 - $1,245
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$845 - $1,245
Total Monthly Price
$845 - $1,245
2 to 3 Bedroom Apartments Available Now

Fair View

900 Rock Island AveCherokee, IA 51012
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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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Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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Dodecagon Plaza
1 to 2 Bedroom Apartments

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
Senior Living
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City Centre Apartments
Studio to 3 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Sheldon, IA Local Guide

Cheapest Available Sheldon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheldon, IA is a Studio unit found at Ridgeview Place Apartments in the Mystic Meadows neighborhood priced from $599. Sunshine Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Sheldon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
Tallgrass VillageStudio ApartmentStudio,1BA$770
Nobles Square Apartments1 Bedroom1BR,1BA$785
The Meadows Apartments411 1 BR1BR,1BA$800
Lewis Hotel ApartmentsStudioStudio,1BA$800
Windcrest Village I & IIStudio ApartmentStudio,1BA$810
Okabena Tower 62+1 BR/1 BA1BR,1BA$827
Fair ViewCottage - 22BR,1BA$845
Whisper Ridge East1/ADA1BR,1BA$850

Best Value Apartments for Rent in Sheldon, IA and Nearby

As of June 10, 2026 the best value apartment in the Sheldon area is the $0.97 price per square foot 3 bedroom 2.5 bath Model at Central Park Village in the starting from $1,718. The second greatest value Sheldon apartment is the 3 Bedroom 2.5 Bathroom Model at The Berg starting at $1,649 with a $1.03 price per square foot . Here is today’s list of the best values for Sheldon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Central Park Village3 bedroom 2.5 bath3BR,2.5BA$0.97
The Berg3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
321 Sheldon2/12BR,1BA$0.78
The Meadows on Graystone3 Bedrooms / 2 Bathrooms3BR,2BA$1.07
Valley Vue Apartments3 Bedroom 2 Bathroom3BR,2BA$1.19
Lincoln Heights3 Bed Townhome3BR,1.5BA$1.15
Aspen Ridge Reserve3 Bedroom 2 Bathroom Apartment3BR,2BA$1.15
Home-Field Apartments2BR/1.0BA2BR,1BA$1.12
Joslyn Heights Apartments2 Bed 2 Bath Apartment2BR,2BA$1.17
Fair ViewCottage - 22BR,1BA$1.00

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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Sheldon, IA

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Sheldon Apartments

What is the Cheapest Studio apartment in Sheldon?

Currently the most affordable Cheap Studio Apartment in Sheldon is at Ridgeview Place Apartments listed at $599.

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

The lowest price for a Cheap One Bedroom Sheldon Apartment is $725 at Sunshine Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheldon is starting from $845 at Fair View.

What is the most affordable Sheldon Three Bedroom Apartment?

The best deal on a cheap Sheldon Three Bedroom Apartment rental is at Fair View and starts from $1,245.

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.