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 $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 -
1 bd $3112 bd $374Base rent403 South Street, Deep River, IA 52222 -
1 bd $3352 bd $447Base rent190 May Street, Marengo, IA 52301Pet 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 17 Jun 2026.
What are the best apartments in Iowa?
The best apartments in Iowa are: The Equitable Building, Grand Colony, High Street Lofts, 92West and Westpointe Apartments.
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.
Search for apartments in Iowa under $500
There’s more than one way to spend $500 on rent in Iowa, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.
The perfect $500 rental near you
Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Iowa. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 14 apartments for rent below $500 in Iowa for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.