Cheap Apartments for Rent in Underwood, IA from $500 (9 Rentals)

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

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.

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.

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.

Underwood, IA Local Guide

Cheapest Available Underwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Underwood, IA is a 1 Bed unit found at Maple Second in the Old Market neighborhood priced from $800. Larimore Senior Residences in the Omaha View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $823. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Larimore Senior ResidencesOne Bed/One Bat 50% Hh1BR,1BA$823
Dahlman FlatsStudioStudio,1BA$845

Best Value Apartments for Rent in Underwood, IA and Nearby

As of May 17, 2025 the best value apartment in the Underwood area is the $1.36 price per square foot 3 Bedroom Model at Valley View Estates in the starting from $1,825. The second greatest value Underwood apartment is the 1 Bed 1 Bath Model at Cornerstone Apartments starting at $1,475 with a $1.18 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Underwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Valley View Estates3 Bedroom3BR,2BA$1.36
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
The Archive2BR/1.0BA2BR,1BA$1.21
Highclere Apartments2 Beds 2 Baths2BR,2BA$1.20
Deer ParkPrairie2BR,2BA$1.31
The BluffsTwo Bedroom 2nd Floor2BR,1BA$1.05
DeerfieldTwo Bedroom 22A2BR,1.75BA$1.28
Skinner Macaroni LoftsOne Bedroom1BR,1BA$1.41
Larimore Senior ResidencesOne Bed/One Bath - 50%1BR,1BA$1.28
Featherstone ApartmentsOne Bedroom | One Bath1BR,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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Pet Friendly Lifestyle
Underwood, IA

Ranked #57

Among cities in Iowa for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Underwood, IA Rentals by Map

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Getting Around Underwood, IA

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Underwood Apartments

What is the Cheapest Studio apartment in Underwood?

Currently the most affordable Cheap Studio Apartment in Underwood is at Dahlman Flats listed at $845.

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

The lowest price for a Cheap One Bedroom Underwood Apartment is $800 at Maple Second.

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

Today's best deal for a Cheap Two Bedroom Apartment in Underwood is starting from $850 at 3633 Avenue A.

What is the most affordable Underwood Three Bedroom Apartment?

The best deal on a cheap Underwood Three Bedroom Apartment rental is at Hidden Bluffs Apartments and starts from $1,195.

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.