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Apartments for Rent in Iowa under $500
17 Rentals Available

  • Today

    403 South Street, Deep River, IA 52222
    1 BED $311
    2 BEDS $374
  • Today

    304 Davis Street, South English, IA 52335
    1 BED $458
  • Today

    1121 Jackson St, Sioux City, IA 51105
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    780 W Miller Street, Marengo, IA 52301
    1 BED $452
  • 1 day ago

    4611 Mortensen Rd. #106, Ames, IA 50014
    1 BED $400
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  • Today

    13961 Highway 98, Douds, IA 52551
    1 BED $365
    2 BEDS $438
  • Today

    916 Country Lane Dr., Keosauqua, IA 52565
    1 BED $451
  • Today

    108 South Park, New Sharon, IA 50207
    1 BED $327
    2 BEDS $392
  • 1 day ago

    220 N. Main Street, Davenport, IA 52801
    STUDIO $55
  • Today

    190 May Street, Marengo, IA 52301
    1 BED $335
    2 BEDS $447
  • Today

    851 Fremont Street, Millersburg, IA 52308
    1 BED $304
    2 BEDS $365
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  • Today

    200 W South St., Ollie, IA 52576
    1 BED $407
    2 BEDS $489
  • Today

    210 N 8Th St., Hartley, IA 51346
    Income Restricted
    1 BED Ask for Pricing
  • Today

    212 E 4Th Street, Lake Park, IA 51347
    Income Restricted
    1 BED Ask for Pricing
  • Today

    2 North 2Nd Avenue, Marshalltown, IA 50158
    Income Restricted
    1 BED Ask for Pricing
  • Today

    728 Oakbrook Drive, Marion, IA 52302
    Income Restricted
    2 BEDS $440
  • Today

    200 5Th Ave S, Clinton, IA 52732
    Income Restricted
    1 BED Ask for Pricing
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Getting around in Iowa, IA

37 /100
Somewhat Bikeable
Bike Score®: 37

Frequently asked questions

When were prices and availability in Iowa last updated?

Prices and availability in Iowa were last updated on 23 Apr 2025.

What are the best apartments in Iowa?

The best apartments in Iowa are: RiverEast, Stewart Park Townhomes, Crestwood Ridge, Des Moines Street Village and Rocket Transfer Lofts.

What type of rental buildings are in Iowa?

In Iowa, 28% of the residents are renting compared to 72% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Iowa’s rentals, 57% are small-scale complexes with under 50 units, and 32% are single-family rentals.

Renting apartments in Iowa under $500

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 17 apartments for rent in Iowa from 17 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $500, and make the most out of your budget.

Finding the best rental near you

Iowa is an amazing place to call home, with several rentals under $500 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $304 in Iowa, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!