Cheap Apartments for Rent in Underwood, IA from $500 (42 Rentals)

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

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Cottonwood Apartments
$840 - $1,105
Total Monthly Price

Total Monthly Price

Base Rent
$820 - $1,085
Required Monthly Fees
$20
Total Monthly Price
$840 - $1,105
1 to 2 Bedroom Apartments Available Now

Cottonwood Apartments

806 N 34th StCouncil Bluffs, IA 51501
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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The Brandeis
$950 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$911 - $2,411
Required Monthly Fees
$39
Total Monthly Price
$950 - $2,450
1 to 3 Bedroom Apartments Available Now

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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TreeHouse
$1,050 - $2,100
Total Monthly Price

Total Monthly Price

Base Rent
$840 - $1,890
Required Monthly Fees
$210
Total Monthly Price
$1,050 - $2,100
Studio to 2 Bedroom Apartments Available Now

TreeHouse

34th & West BroadwayCouncil Bluffs, IA 51501
Pet Friendly
  • Verified
  • 3D Tour

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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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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The Archive
Rent Specials
$1,200 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,180 - $1,355
Required Monthly Fees
$20
Total Monthly Price
$1,200 - $1,375
1 Bedroom Apartments Available Now

The Archive

8 S 6th StCouncil Bluffs, IA 51501
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-42, 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 Securities Downtown in the Old Market neighborhood priced from $750. Larimore Senior Residences in the Omaha View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Securities Downtown1BR/1.0BA1BR,1BA$750
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Cottonwood Apartments1X1B1BR,1BA$840
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
22 FloorsWrastler1BR,1BA$875
The BluffsOne Bedroom1BR,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$910
The BrandeisAC.1B.G1BR,1BA$950

Best Value Apartments for Rent in Underwood, IA and Nearby

As of February 22, 2026 the best value apartment in the Underwood area is the $1.28 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 Model at Skinner Macaroni Lofts starting at $1,312 with a $1.13 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$1.28
Skinner Macaroni LoftsTwo Bedroom2BR,1BA$1.13
Highclere Apartments2 Beds 2 Baths2BR,2BA$1.25
The Archive1BR/1.0BA1BR,1BA$1.14
DeerfieldTwo Bedroom 22A2BR,1.75BA$1.27
Nichol Flats1x1 A1BR,1BA$1.26
The BluffsOne Bedroom1BR,1BA$1.25
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$1.30
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
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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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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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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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 $990.

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

The lowest price for a Cheap One Bedroom Underwood Apartment is $750 at Securities Downtown.

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 $900 at 3633 Avenue A.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.