Cheap Apartments for Rent near University Park, IA from $395 (63 Rentals)

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

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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property at 1025 5th Ave E

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Sep 5

1025 5th Ave E

OskaloosaIA52577

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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Stella Townhomes
1 to 4 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
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Grant Terrace Apartments
1 to 2 Bedroom Apartments

Grant Terrace Apartments

715 B Ave EOskaloosa, IA 52577
Senior Living
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17 E Howard St
1 Bedroom Apartments

17 E Howard St

17 E Howard StColfax, IA 50054
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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
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Newton Park Apartments
1 to 2 Bedroom Apartments

Newton Park Apartments

1425 N 11th Ave ENewton, IA 50208
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SOUTHERN HILLS
1 to 3 Bedroom Apartments

SOUTHERN HILLS

202 18th Ave EOskaloosa, IA 52577
  • Utilities Included

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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425 McClellan St
1 to 2 Bedroom Apartments

425 McClellan St

425 McClellan StTama, IA 52339
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
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Blue - 1302
Studio to 1 Bedroom Apartments

Blue - 1302

1302 S 11th StOskaloosa, IA 52577

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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University Park, IA Local Guide

Cheapest Available University Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in University Park, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Courtyard Apartments in the Jasper County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $638. Here is today’s list of the most affordable University Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
Courtyard ApartmentsB12BR,1BA$638
Next Level Apartments - Easton VillageA11BR,1BA$695
110 N Maple St2-bedroom2BR,1BA$700
Foxwood ApartmentsA21BR,1BA$700
Indianola Park II Apartments1BR Upper1BR,1BA$750
Indianola Park Apartments1BR Upper1BR,1BA$750
Hotel Maytag Apartments1 bedroom A1BR,1BA$750
Dennis Park ApartmentsB12BR,1BA$777
Walnut Creek Apartments2 BD Legacy2BR,1BA$795

Best Value Apartments for Rent in University Park, IA and Nearby

As of August 31, 2026 the best value apartment in the University Park area is the $1.04 price per square foot Cottage - 3 Model at Terrace View by Kading in the starting from $1,295. The second greatest value University Park apartment is the Lease by August 31st, 2026 and enjoy $500 off y... Model at Villa's on Bell starting at $1,380 with a $1.11 price per square foot . Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrace View by KadingCottage - 33BR,2BA$1.04
Villa's on BellLease by August 31st, 2026 and enjoy $500 off y...3BR,2BA$1.11
Walnut Creek Apartments2 BD Upgraded2BR,1BA$1.05
Hotel Maytag Apartments1 bedroom A1BR,1BA$0.93
110 N Maple St2-bedroom2BR,1BA$0.88
Dennis Park ApartmentsB12BR,1BA$0.98
409 4th St NE2BR 1BA2BR,1BA$1.08
Courtyard ApartmentsB12BR,1BA$1.01
Next Level Apartments - Easton VillageA11BR,1BA$1.07
The Reserves at South Lake1B1B1BR,1BA$0.61

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

Explore University Park, IA Rentals by Map

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See the most popular apartments and homes in University Park, IA

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Frequently Asked Questions about Cheap University Park Apartments

How much is rent for a Cheap One Bedroom University Park Apartment?

The lowest price for a Cheap One Bedroom University Park Apartment is $395 at The Reserves at South Lake.

What is the lowest price for a Cheap Two Bedroom University Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Park is starting from $470 at The Reserves at South Lake.

What is the most affordable University Park Three Bedroom Apartment?

The best deal on a cheap University Park Three Bedroom Apartment rental is at Courtyard Apartments and starts from $800.

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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.