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

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102
property at 502 William St

502 William St

OmahaNE68108
close
View Me
Farnam Flats
Studio Apartments

Farnam Flats

1411 Farnam StOmaha, NE 68102
  • Utilities Included
close
View Me
The Archive
Studio to 2 Bedroom Apartments

The Archive

8 S 6th StCouncil Bluffs, IA 51501
Student Housing
  • Smoke Free
close
View Me
Lakeside Estates
Studio to 4 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510
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. Securities Downtown in the Old Market neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. 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
Securities Downtown1BR/1.0BA1BR,1BA$795
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
22 FloorsFlash1BR,1BA$875
Skinner Macaroni LoftsOne Bedroom1BR,1BA$893
Dahlman Flats1315 S 9th St. Unit 110Studio,1BA$895
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
The BluffsOne Bedroom1BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
Sherwood Forest Apartments1 bd x 1 bth- small1BR,1BA$910

Best Value Apartments for Rent in Underwood, IA and Nearby

As of November 11, 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 2BR/2.0BA Model at Nove Lofts starting at $1,650 with a $1.22 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
Nove Lofts2BR/2.0BA2BR,2BA$1.22
Valley View Estates2 Bedroom2BR,2BA$1.10
The Archive2BR/1.0BA2BR,1BA$1.17
Highclere Apartments2 Beds 2 Baths2BR,2BA$1.24
Old Market Lofts1 Bedroom 1 Bathroom1BR,1BA$0.95
Cottonwood Apartments2X1S2BR,1BA$1.06
Lakeside Estates3 Bed 1 Bath Single Section3BR,1BA$1.21
Riverbend - Newly Renovated! Call today!Two Bedroom / 1 Bath2BR,1BA$1.10
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Underwood, IA

Ranked #30

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Decorative image of map

See the most popular apartments and homes in Underwood, IA

View Map
Underwood, IA Apartments Map
View Map
Underwood, IA Rental Homes Map

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 listed at $895.

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 $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 Lakeside Estates and starts from $1,119.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.