
Cheap Apartments for Rent in Underwood, IA from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.


Larimore Senior Residences

Securities Downtown

Maple Second

Riverbend - Newly Renovated! Call today!

Skinner Macaroni Lofts

3633 Avenue A

NoDo

The Bluffs

Featherstone Apartments

Sherwood Forest Apartments

8 Street Apartments

Limelight at Sixteenth

The Riley - 1012 Douglas St

Old Market Lofts

Cottonwood Apartments

River Park by Broadmoor

CopperCreek

Brickline at The Mercantile

Deerfield

Hidden Bluffs Apartments

TreeHouse

Nichol Flats

The Rochester Apartments

Corvina Apartments

Deer Park

Highclere Apartments

625 5th Ave

502 William St

2732 Camden Ave

2405 Blondo St

2712 5th Ave

3025 5th Ave

3519 N 37th St

5719 N 25th Ave
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 | $1,441 | $895 | $4,434 |
| Underwood 1 Bedroom Apartments | $1,283 | $575 | $3,327 |
| Underwood 2 Bedroom Apartments | $1,657 | $700 | $3,531 |
| Underwood 3 Bedroom Apartments | $1,784 | $1,050 | $3,648 |
| Underwood 4 Bedroom Apartments | $829 | $639 | $1,646 |
Browse Top Apartments in Underwood
See all Apartments in UnderwoodExplore Underwood
Underwood, IA Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Larimore Senior Residences | One Bed/One Bat 60% | 1BR,1BA | $760 |
| Securities Downtown | 1BR/1.0BA | 1BR,1BA | $795 |
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $800 |
| 22 Floors | Flash | 1BR,1BA | $875 |
| Skinner Macaroni Lofts | One Bedroom | 1BR,1BA | $893 |
| Dahlman Flats | 1315 S 9th St. Unit 110 | Studio,1BA | $895 |
| 3633 Avenue A | 2 Bed 1 Bath | 2BR,1BA | $900 |
| The Bluffs | One Bedroom | 1BR,1BA | $900 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $900 |
| Sherwood Forest Apartments | 1 bd x 1 bth- small | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Brandeis | AC.2B.2B.B/P | 2BR,2BA | $1.18 |
| Nove Lofts | 2BR/2.0BA | 2BR,2BA | $1.22 |
| Valley View Estates | 2 Bedroom | 2BR,2BA | $1.10 |
| The Archive | 2BR/1.0BA | 2BR,1BA | $1.17 |
| Highclere Apartments | 2 Beds 2 Baths | 2BR,2BA | $1.24 |
| Old Market Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
| Cottonwood Apartments | 2X1S | 2BR,1BA | $1.06 |
| Lakeside Estates | 3 Bed 1 Bath Single Section | 3BR,1BA | $1.21 |
| Riverbend - Newly Renovated! Call today! | Two Bedroom / 1 Bath | 2BR,1BA | $1.10 |
| Larimore Senior Residences | One Bed/One Bat 60% | 1BR,1BA | $1.13 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleUnderwood, IA
Ranked #30
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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.








