
Cheap Apartments for Rent in Underwood, IA from $500 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.


Maple Second

Larimore Senior Residences
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.

Riverbend - Newly Renovated! Call today!
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.

Cottonwood Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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Underwood, IA Local Guide

How much does it cost to rent an apartment in Underwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Underwood Studio Apartments | $1,003 | $845 | $1,331 |
Underwood 1 Bedroom Apartments | $1,214 | $575 | $1,740 |
Underwood 2 Bedroom Apartments | $1,529 | $700 | $2,465 |
Underwood 3 Bedroom Apartments | $1,616 | $1,050 | $2,450 |
Underwood 4 Bedroom Apartments | $1,573 | $1,500 | $1,646 |
Browse Top Apartments in Underwood
See all Apartments in UnderwoodExplore Underwood
Underwood, IA Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $800 |
Larimore Senior Residences | One Bed/One Bat 50% Hh | 1BR,1BA | $823 |
Dahlman Flats | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Valley View Estates | 3 Bedroom | 3BR,2BA | $1.36 |
Cornerstone Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.18 |
The Archive | 2BR/1.0BA | 2BR,1BA | $1.21 |
Highclere Apartments | 2 Beds 2 Baths | 2BR,2BA | $1.20 |
Deer Park | Prairie | 2BR,2BA | $1.31 |
The Bluffs | Two Bedroom 2nd Floor | 2BR,1BA | $1.05 |
Deerfield | Two Bedroom 22A | 2BR,1.75BA | $1.28 |
Skinner Macaroni Lofts | One Bedroom | 1BR,1BA | $1.41 |
Larimore Senior Residences | One Bed/One Bath - 50% | 1BR,1BA | $1.28 |
Featherstone Apartments | One Bedroom | One Bath | 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.
Pet Friendly LifestyleUnderwood, IA
Ranked #57
Among cities in Iowa for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Underwood, IA
Underwood Elementary School
Underwood High School
Underwood Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Underwood, IA Rentals by Map
See the most popular apartments and homes in Underwood, IA
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 $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.

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.

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.

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.

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.