Cheap Apartments for Rent in Underwood, IA from $500 (26 Rentals)

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

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

close
View Me
22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102
close
View Me
Farnam Flats
Studio Apartments

Farnam Flats

1411 Farnam StOmaha, NE 68102
  • Utilities Included
close
View Me
Lakeside Estates
2 to 3 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510
Showing Results 1-26, Page 1 of 1

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 Hidden Bluffs Apartments priced from $795. Maple Second in the Old Market neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hidden Bluffs Apartments1X1 Balcony1BR,1BA$795
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Dahlman FlatsStudioStudio,1BA$845
Larimore Senior ResidencesOne Bed/One Bat 60% Hh1BR,1BA$883
22 FloorsFine LineStudio,1BA$895
Sherwood Forest Apartments1 bd x 1 bth- small1BR,1BA$910
The ArchiveUnit 002Studio,1BA$925
Muse OmahaThe CJStudio,1BA$950
3633 Avenue A3 Bed 1 Bath3BR,1BA$1,025
Jones13Blackstone1BR,1BA$1,039

Best Value Apartments for Rent in Underwood, IA and Nearby

As of March 24, 2025 the best value apartment in the Underwood area is the $1.18 price per square foot 1 Bed 1 Bath Model at Cornerstone Apartments in the in the Old Market neighborhood starting from $1,475. The second greatest value Underwood apartment is the 2 Beds 2 Baths Model at Highclere Apartments starting at $1,290 with a $1.17 price per square foot . 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.
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
Highclere Apartments2 Beds 2 Baths2BR,2BA$1.17
Valley View Estates1 Bedroom1BR,1BA$1.34
DeerfieldTwo Bedroom 22A2BR,1.75BA$1.36
Nichol Flats1x1 B1BR,1BA$1.33
Skinner Macaroni LoftsOne Bedroom1BR,1BA$1.28
Old Market Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Larimore Senior ResidencesOne Bed/One Bath - 50%1BR,1BA$1.28
Sherwood Forest Apartments1 bd x 1 bth- small1BR,1BA$1.30
Dahlman FlatsStudioStudio ,1BA$1.54

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

Pet Friendly Lifestyle
Underwood, IA

Ranked #9

Among cities in Iowa for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Underwood, IA

School data provided by Great Schools

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

Explore Underwood, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Underwood, IA

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

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

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 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 $995 at Hidden Bluffs Apartments.

What is the most affordable Underwood Three Bedroom Apartment?

The best deal on a cheap Underwood Three Bedroom Apartment rental is at 3633 Avenue A and starts from $1,025.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.