
Cheap Homes for Rent in University Park, IA from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in University Park.


304 S 2nd St

1319 Armory Ave

510 N 6th Ave E

702 S Roche St

303 S Madison St

623 N 7th Ave

1221 N Market St
University Park, IA Local Guide

How much does it cost to rent a home in University Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Park 2 Bedroom Homes for Rent | $1,064 | $600 | $1,800 |
University Park 3 Bedroom Homes for Rent | $1,691 | $999 | $3,000 |
University Park 4 Bedroom Homes for Rent | $2,248 | $1,600 | $2,900 |
University Park 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
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University Park, IA Local Guide
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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. Hunters Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable University Park apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Reserves at South Lake | 1B1B | 1BR,1BA | $395 |
Hunters Run | A1 | 1BR,1BA | $550 |
Foxwood Apartments | B2 | 2BR,1BA | $600 |
Best Value Apartments for Rent in University Park, IA and Nearby
As of September 09, 2025 the best value apartment in the University Park area is the $0.84 price per square foot Unit 81 Model at Fairfield Estates in the starting from $1,057. The second greatest value University Park apartment is the 2 Bedroom 1 Bathroom Model at THE ARBORS APARTMENTS starting at $825 with a $0.83 price per square foot in the East Gate Estates neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Fairfield Estates | Unit 81 | 4BR,2BA | $0.84 |
THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.83 |
SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
Orchard Meadows Apartments | B1 Partially Renovated | 2BR,1BA | $1.08 |
Hunters Run | B2 | 2BR,1BA | $0.82 |
Courtyard Apartments | C1 | 3BR,1BA | $0.99 |
Louden Lofts | Two Bedroom | 2BR,2BA | $1.00 |
Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
Foxwood Apartments | A2 | 1BR,1BA | $1.03 |
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Frequently Asked Questions about University Park
What type of rentals are currently available in University Park?
There are currently 62 Apartments for Rent in University Park, IA with pricing that ranges from $536 to $2,654. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $525 to $3,000.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $525 to $3,000 with an average monthly rent of $1,750.
How much are larger Three and Four Bedroom Rentals in University Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Park range from $536 to $2,654, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,057.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.