Cheap Apartments for Rent in Fredericksburg, IA from $300 (27 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1637 Carriage Hill Dr
2 Bedroom Apartments

1637 Carriage Hill Dr

1637 Carriage Hill DrWaterloo, IA 50701
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Fredericksburg, IA Local Guide

Cheapest Available Fredericksburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fredericksburg, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $375. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Fredericksburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Residences on College HillPrivate 1-Bedroom Apartment in a Spacious 4-Bed...4BR,1BA$375
Russell LamsonStudioStudio,1BA$675
The Meadows ApartmentsQuads 2Bd2BR,1BA$700
124 Earl St2BR/1.0BA2BR,1BA$795
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$800
Brentwood Estates - Furnished & UnfurnishedOne bedroom beautifully updated1BR,1BA$845
Thunder Ridge Apartments1 Bedroom/1 Bath Apartment - Top Rated Thunder ...1BR,1BA$895
Leavitt Park Apartments - Waterloo, IAStandard Unit2BR,1BA$895
University ManorLuxary Studio (June '25)Studio,1BA$900
Union at North Crossing1 Bed 1 Bath1BR,1BA$900

Best Value Apartments for Rent in Fredericksburg, IA and Nearby

As of May 16, 2025 the best value apartment in the Fredericksburg area is the $1.39 price per square foot Pinnacle Villages - Waverly Model at Pinnacle Villages - Waverly in the starting from $1,670. The second greatest value Fredericksburg apartment is the 2BR/2.5BA Model at Woodline Condos starting at $1,700 with a $1.42 price per square foot . Here is today’s list of the best values for Fredericksburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle Villages - WaverlyPinnacle Villages - Waverly3BR,2.5BA$1.39
Woodline Condos2BR/2.5BA2BR,2.5BA$1.42
Willow Falls ApartmentsWillow Falls2BR,2BA$1.47
Riverwalk Residences1st Month Free2BR,2BA$1.23
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
124 Earl St2BR/1.0BA2BR,1BA$1.13
Leavitt Park Apartments - Waterloo, IAStandard Unit2BR,1BA$1.28
Union at North Crossing1 Bed 1 Bath1BR,1BA$1.30
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$1.40

Quick Rent Budget Calculator

How much rent can you afford?

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 Fredericksburg, IA Rentals by Map

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See the most popular apartments and homes in Fredericksburg, IA

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Getting Around Fredericksburg, IA

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fredericksburg Apartments

What is the Cheapest Studio apartment in Fredericksburg?

Currently the most affordable Cheap Studio Apartment in Fredericksburg is at Russell Lamson listed at $675.

How much is rent for a Cheap One Bedroom Fredericksburg Apartment?

The lowest price for a Cheap One Bedroom Fredericksburg Apartment is $795 at Residences on College Hill.

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

Today's best deal for a Cheap Two Bedroom Apartment in Fredericksburg is starting from $695 at Residences on College Hill.

What is the most affordable Fredericksburg Three Bedroom Apartment?

The best deal on a cheap Fredericksburg Three Bedroom Apartment rental is at The Meadows Apartments and starts from $750.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.