
Cheap Apartments for Rent in Underwood, IA from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.


Larimore Senior Residences

Maple Second

Cottonwood Apartments
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.

Skinner Macaroni Lofts

Dahlman Flats

Riverbend - Newly Renovated! Call today!

NoDo
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.

3633 Avenue A

Featherstone Apartments

3302 Burt St
Underwood, IA Local Guide

How much does it cost to rent an apartment in Underwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Underwood Studio Apartments | $976 | $834 | $1,250 |
Underwood 1 Bedroom Apartments | $1,120 | $575 | $1,694 |
Underwood 2 Bedroom Apartments | $1,503 | $700 | $2,315 |
Underwood 3 Bedroom Apartments | $1,626 | $1,050 | $2,645 |
Underwood 4 Bedroom Apartments | $860 | $639 | $1,646 |
Browse Top Apartments in Underwood
See all Apartments in UnderwoodExplore Underwood
Underwood, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Underwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Underwood, IA is a 1 Bed unit found at Westwood Apartments in the Old Market neighborhood priced from $575. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Westwood Apartments | Small | 1BR,1BA | $575 |
Larimore Senior Residences | One Bed/One Bat 60% | 1BR,1BA | $760 |
Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $800 |
Cottonwood Apartments | 1X1B | 1BR,1BA | $830 |
Jones13 | Webster | Studio,1BA | $834 |
Best Value Apartments for Rent in Underwood, IA and Nearby
As of July 21, 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/1.0BA Model at The Archive starting at $1,475 with a $1.21 price per square foot in the Twin City neighborhood. Here is today’s list of the best values for Underwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Brandeis | AC.2B.2B.B/P | 2BR,2BA | $1.18 |
The Archive | 2BR/1.0BA | 2BR,1BA | $1.21 |
Old Market Lofts | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.01 |
Securities Downtown | 3BR/2.0BA | 3BR,2BA | $1.16 |
Highclere Apartments | 2 Beds 2 Baths | 2BR,2BA | $1.24 |
The Bluffs | Two Bedroom 1st Floor | 2BR,1BA | $1.05 |
Deerfield | Two Bedroom 22A | 2BR,1.75BA | $1.26 |
Nichol Flats | 1x1 B | 1BR,1BA | $1.33 |
Larimore Senior Residences | One Bed/One Bath - 50% | 1BR,1BA | $1.28 |
Westwood Apartments | Small | 1BR,1BA | $1.00 |
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.
Pet Friendly LifestyleUnderwood, IA
Ranked #27
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Underwood, IA
Underwood Elementary School
Underwood High School
Underwood Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Underwood, IA Rentals by Map
See the most popular apartments and homes in Underwood, IA
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 Jones13 listed at $834.
How much is rent for a Cheap One Bedroom Underwood Apartment?
The lowest price for a Cheap One Bedroom Underwood Apartment is $575 at Westwood Apartments.
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 $700 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
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.