Cheap Apartments for Rent in Underwood, IA from $500 (44 Rentals)

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

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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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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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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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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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102
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Farnam Flats
Studio Apartments

Farnam Flats

1411 Farnam StOmaha, NE 68102
  • Utilities Included
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The Greenhouse
1 to 3 Bedroom Apartments

The Greenhouse

900 Farnam StOmaha, NE 68102
Corporate Housing
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Lakeside Estates
Studio to 4 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-44, Page 1 of 1

Underwood, IA Local Guide

Cheapest Available Underwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Underwood, IA is a 1 Bed unit found at Larimore Senior Residences in the Omaha View neighborhood priced from $760. Westwood Apartments in the Old Market neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $785. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Westwood Apartments2 BD2BR,1BA$785
Securities Downtown1BR/1.0BA1BR,1BA$795
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
22 FloorsFlash1BR,1BA$875
The BluffsOne Bedroom1BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
Sherwood Forest Apartments1 bd x 1 bth- small1BR,1BA$910
Dahlman Flats ApartmentsThe 5561BR,1BA$930

Best Value Apartments for Rent in Underwood, IA and Nearby

As of December 12, 2025 the best value apartment in the Underwood area is the $1.18 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Underwood apartment is the Two Bedroom Two Bath Model at Skinner Macaroni Lofts starting at $1,483 with a $1.12 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Underwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR,2BA$1.12
Old Market Lofts2 Bedroom 2 Bathroom2BR,2BA$0.99
The Archive2BR/1.0BA2BR,1BA$1.17
Westwood Apartments2 BD2BR,1BA$0.75
Deer ParkPrairie2BR,2BA$1.24
Cottonwood Apartments2X1S2BR,1BA$1.15
Riverbend - Newly Renovated! Call today!Two Bedroom / 1 Bath2BR,1BA$1.10
The BluffsOne Bedroom1BR,1BA$1.25
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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Pet Friendly Lifestyle
Underwood, IA

Ranked #76

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Underwood, IA

School data provided by Great Schools

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

Explore Underwood, IA Rentals by Map

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See the most popular apartments and homes in Underwood, IA

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Getting Around Underwood, IA

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 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 Underwood Apartments

What is the Cheapest Studio apartment in Underwood?

Currently the most affordable Cheap Studio Apartment in Underwood is at Dahlman Flats Apartments listed at $930.

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

The lowest price for a Cheap One Bedroom Underwood Apartment is $760 at Larimore Senior Residences.

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

Today's best deal for a Cheap Two Bedroom Apartment in Underwood is starting from $785 at Westwood Apartments.

What is the most affordable Underwood Three Bedroom Apartment?

The best deal on a cheap Underwood Three Bedroom Apartment rental is at 3633 Avenue A and starts from $1,050.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.