Cheap Apartments for Rent in Parnell, IA from $600 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Oakcrest
2 Bedroom Apartments

Oakcrest

801 Oakcrest StIowa City, IA 52246
  • Utilities Included
close
View Me
Carriage Hill
2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
  • Utilities Included

Parnell, IA Local Guide

Cheapest Available Parnell Apartments for Rent and Nearby

 

The cheapest available apartment rental in Parnell, IA is a Studio unit found at Lakewood Hills Apartments in the Old Mill Creek neighborhood priced from $695. 280 S Chestnut St in the Old Mill Creek neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Parnell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood Hills ApartmentsStudio GoldStudio,1BA$695
280 S Chestnut St270 S chestnut2BR,1BA$800
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
Park Place1 BR Sublet Top Floor1BR,1BA$860
Knollridge Garden Apartments2BR/1.0BA2BR,1BA$925
River Ridge PlaceStudio/1BA 371 sq ftStudio,1BA$995
Aster VillageStudio CStudio,1BA$1,065
VentnorStyle D1Studio,1BA$1,105
Penn Street Place1 Bedroom1BR,1BA$1,125
1006 Oakcrest Street ApartmentsTwo Bedroom2BR,1BA$1,150

Best Value Apartments for Rent in Parnell, IA and Nearby

As of April 18, 2025 the best value apartment in the Parnell area is the $1.38 price per square foot 4 bedroom 4 Bath Model at Prairie Village in the in the Old Mill Creek neighborhood starting from $2,995. The second greatest value Parnell apartment is the 2 Bed 2.5 Bath Model at The Hunt Club starting at $1,550 with a $1.11 price per square foot in the Old Mill Creek neighborhood. Here is today’s list of the best values for Parnell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie Village4 bedroom 4 Bath4BR,4BA$1.38
The Hunt Club2 Bed 2.5 Bath2BR,2.5BA$1.11
280 S Chestnut St270 S chestnut2BR,1BA$0.80
1006 Oakcrest Street ApartmentsTwo Bedroom2BR,1BA$1.28
Knollridge Garden Apartments2BR/1.0BA2BR,1BA$1.16
Penn Street Place1 Bedroom1BR,1BA$1.78
Woodridge Estates29 Redtail Bend - 1 BR / 1 BA1BR,1BA$1.93
VentnorStyle D1Studio ,1BA$1.90
Aster VillageStudio CStudio ,1BA$1.90
Park Place1 BR Sublet Top Floor1BR,1BA$1.72

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Parnell, IA Rentals by Map

View MapParnell, IA Apartments MapView MapParnell, IA Rental Homes Map

Getting Around Parnell, IA

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

17 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Parnell Apartments

What is the Cheapest Studio apartment in Parnell?

Currently the most affordable Cheap Studio Apartment in Parnell is at Lakewood Hills Apartments listed at $695.

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

The lowest price for a Cheap One Bedroom Parnell Apartment is $800 at Lakewood Hills Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Parnell is starting from $800 at 280 S Chestnut St.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.