Cheap Homes for Rent in Northwood, IA from $500 (12 Rentals)

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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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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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Northwood, IA Local Guide

Cheapest Available Northwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Northwood, IA is a Studio unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Northwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I EfficiencyStudio,1BA$405
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550

Best Value Apartments for Rent in Northwood, IA and Nearby

As of May 12, 2025 the best value apartment in the Northwood area is the $0.79 price per square foot 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments in the starting from $907. The second greatest value Northwood apartment is the 2B 999 sq.ft. Model at Park Plaza Apartments starting at $1,400 with a $1.40 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Northwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$0.79
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
Lincoln Apartments LLCApt. 172BR,1BA$1.36
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
Webster ApartmentsApt. 102BR,1BA$1.36
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.41
18 S Adams AveOne Bedroom1BR,1BA$0.95

Quick Rent Budget Calculator

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Frequently Asked Questions about Northwood

What type of rentals are currently available in Northwood?

There are currently 41 Apartments for Rent in Northwood, IA with pricing that ranges from $405 to $2,550. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwood ranging from $595 to $3,950.

What is the current price range for Rental Homes in Northwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northwood ranges from $595 to $3,950 with an average monthly rent of $1,550.

How much are larger Three and Four Bedroom Rentals in Northwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northwood range from $935 to $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $937.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.