Cheap Apartments for Rent near Underwood, IA from $575 (50 Rentals)

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

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.

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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.

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The Brandeis
$1,004 - $2,654

Total Monthly Price

Base Rent$1,004 - $2,654
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
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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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Valley View Estates
$1,185 - $1,850

Total Monthly Price

Base Rent$1,185 - $1,850
Total Monthly Price$1,185 - $1,850
1 to 3 Bedroom Apartments Available Now

Valley View Estates

720 Valley View DrCouncil Bluffs, IA 51503
Corporate Housing
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TreeHouse
Rent Specials
$1,260 - $2,310

Total Monthly Price

Base Rent$1,260 - $2,310
Total Monthly Price$1,260 - $2,310
Studio to 2 Bedroom Apartments Available Now

TreeHouse

34th & West BroadwayCouncil Bluffs, IA 51501
Pet Friendly
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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

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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3633 Avenue A
2 to 3 Bedroom Apartments

3633 Avenue A

3633 Avenue ACouncil Bluffs, IA 51501
  • Utilities Included
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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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Bloc 12
1 to 3 Bedroom Apartments

Bloc 12

424 S 12th StOmaha, NE 68102

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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Showing Results 1-50, 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 Council Bluffs 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
Dahlman Flats0 Bed, 1 Bath - 555 SFStudio,1BA$850
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
9inesHomerun1BR,1BA$895
22 FloorsShowcase1BR,1BA$895
NoDoBillyStudio,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$910
NOVA ApartmentsEclipseStudio,1BA$925

Best Value Apartments for Rent in Underwood, IA and Nearby

As of September 10, 2026 the best value apartment in the Underwood area is the $0.78 price per square foot Two Bedroom Two Bath Model at Skinner Macaroni Lofts in the in the Old Market neighborhood starting from $1,580. The second greatest value Underwood apartment is the 2x2 B Model at Nichol Flats starting at $1,625 with a $1.24 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.
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR,2BA$0.78
Nichol Flats2x2 B2BR,2BA$1.24
The BrandeisAC.2B.2B.G2BR,2BA$1.11
Colonial Plaza Apartments2BR/2.0BA2BR,2BA$1.01
Westwood Apartments2 BD2BR,1BA$0.75
Old Market Lofts1 Bedroom 1 Bathroom1BR,1BA$1.10
Cottonwood Apartments2X1S2BR,1BA$1.17
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$1.30
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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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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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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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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Best Local Schools in
Underwood, IA

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

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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 listed at $850.

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 Featherstone Apartments and starts from $1,200.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.