Apartments for Rent in Iowa under $500
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Studio $399+2 bd $475+Base rent4.5 (1)1009 South Hackett Road, Waterloo, IA 50701Apply online • Dishwasher • Washer/Dryer
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2 bd $448+Base rent Income restricted238 4Th Avenue N, Clinton, IA 52732Apply online • Pet friendly • Fitness center
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Only 1 unit left1 bd $3272 bd $392Base rent108 South Park, New Sharon, IA 50207Apply online • Pet friendly -
1 bd $500+2 bd $413+4 bd $454+Base rent Income restricted1314 W 3Rd St, Sioux City, IA 51110Apply online • Dishwasher • Air conditioner
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1 bd $315+2 bd $391+Base rent Income restricted1121 Jackson St, Sioux City, IA 51105Apply online • Fitness center • Dishwasher
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1 bd $451Base rent4.0 (1)916 Country Lane Dr., Keosauqua, IA 52565Pet friendly -
1 bd $452Base rent780 W Miller Street, Marengo, IA 52301Pet friendly -
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1 bd $3352 bd $447Base rent190 May Street, Marengo, IA 52301Pet friendly -
1 bd $3112 bd $374Base rent403 South Street, Deep River, IA 52222 -
1 bd $3652 bd $438Base rent13961 Highway 98, Douds, IA 52551 -
1 bd $3042 bd $365Base rent851 Fremont Street, Millersburg, IA 52308Pet friendly -
1 bd $458Base rent304 Davis Street, South English, IA 52335Pet friendly -
Studio $500Base rent444 Angella St, Dubuque, IA 52001Pet friendly
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Frequently asked questions
When were prices and availability in Iowa last updated?
Prices and availability in Iowa were last updated on 10 Jul 2026.
What are the best apartments in Iowa?
The best apartments in Iowa are: The Equitable Building, Grand Colony, High Street Lofts, Sunburst Apts and 92West.
What type of rental buildings are in Iowa?
In Iowa 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 9% of Iowa's apartments are found in large buildings of 50 units or more, 58% are located in smaller apartment complexes with less than 50 units, and 31% are single-family rentals.
Your search for apartments in Iowa under $500 stops here
Finding apartments for rent in Iowa for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 18 available units in Iowa, renting for under $500. On average, $563 can get you 803 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Iowa goes for $304 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.