Average Rent in Iowa

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Current Versus Historical Iowa Rents

Iowa rentals average $315 for a studio rental to $2,300 for a 4-bedroom rental. The median price of all currently available listings is $725, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $397 (195.08%) year-over-year from $203 to $600. 1-bedroom rentals prices have decreased by $176 (-22.42%) year-over-year from $786 to $610. 2-bedroom rentals prices have decreased by $48 (-5.35%) year-over-year from $903 to $855. 3-bedroom rentals prices have increased by $427 (32.86%) year-over-year from $1,298 to $1,725. 4-bedroom rentals prices have increased by $218 (10.71%) year-over-year from $2,030 to $2,248. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 11.98% this month. 1-bedroom rents have gone down by 16.25% this month. 2-bedroom rents have gone down by 6.73% this month. 3-bedroom rents have gone up by 15.77% this month. 4-bedroom rents have gone up by 6.31% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$0.30	$600	$203 (195.08%)	$9 (6,566.67%)
1 BR	$1.23	$610	$786 (-22.42%)	$700 (-12.86%)
2 BR	$1.04	$855	$903 (-5.35%)	$825 (3.64%)
3 BR	$1.11	$1,725	$1,298 (32.86%)	$1,100 (56.82%)
4+ BR	$0.79	$2,248	$2,030 (10.71%)	$1,715 (31.06%)

Historical Rents in Iowa

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Iowa

There are a total of 14 cities nearby Iowa. The average rent in Iowa is currently $1,531 per month. Only one city nearby has an average rent lower than that. Our records show that Dubuque, IA, with an average rent of $500, is the most affordable city nearby. In contrast, the most expensive city near Iowa is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare Iowa's rent against other top cities nearby by bedroom size. Typically, rent for studios in Iowa is 20.63% more expensive than other cities nearby. One bedrooms are about 18.16% more affordable. Two bedrooms in Iowa are about 98.28% more affordable. Finally, rent for three bedrooms are about 11.83% more affordable. Want more information? Check out the top 10 cities out of 14 total cities near Iowa in the following chart.

City	Studio	1 Bed	2 Bed	All
Dubuque, IA	$500	N/A	N/A	$500
Cedar Falls, IA	$750	$800	$1,450	$1,350
St. Louis, MO	$1,172	$1,000	$1,400	$1,400
Bloomington, IN	N/A	$950	$1,425	$1,500
Schaumburg, IL	N/A	$1,995	$2,464	$2,173
Chicago, IL	$1,363	$1,850	$2,500	$2,200
Wheaton, IL	N/A	$1,960	$2,275	$2,254
Aurora, IL	N/A	$1,300	$2,100	$2,300
Minneapolis, MN	$1,290	$1,781	$2,895	$2,395
Naperville, IL	N/A	$1,675	$2,275	$2,800

Top Neighborhoods Near Iowa

There are a total of 7 neighborhoods in or near Iowa. Some of these neighborhoods include Rogers Park, Uptown, and Lakeview. We've included all of these top 7 neighborhoods in or near Iowa in the following chart.

The average rent for these 7 neighborhoods in or near Iowa is currently around $2,325 per month. Meaning, only seven neighborhoods have a higher average rent than $2,325. Interestingly, the neighborhoods' average rent is higher than Iowa's average rent, which is only $725. Out of all the neighborhoods in or near Iowa, Rogers Park has the most affordable average rent at $1,500 per month. Whereas, at $3,195 average rent per month, Near North Side is the most expensive neighborhood in or near Iowa. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,100	$1,300	$1,750	$1,500
Uptown, Chicago, IL	$1,200	$1,695	$2,538	$1,695
Lakeview, Chicago, IL	$1,495	$1,900	$2,750	$2,133
Hyde Park, Chicago, IL	$1,250	$1,673	$1,875	$2,325
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,200	$3,000	$2,786
Near North Side, Chicago, IL	$1,763	$2,465	$3,692	$3,195

Top Counties Near Iowa

There are a total of 7 counties located by Iowa. Some of these counties include Dubuque, IA, Center, Indianapolis, IN, and Cedar Falls, IA. The average rent for rentals in these counties is $2,150. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Dubuque, IA. It's average rent per month is $500. Vice versa, with an average rent of $2,623, Naperville, IL is the most expensive county by Iowa.

Typically, rent for studios in Iowa is 58.73% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Iowa is 93.08% more affordable than other counties nearby. Finally, rent for two bedrooms in Iowa is 203.45% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Dubuque, IA	$500	N/A	N/A	$500
Center, Indianapolis, IN	N/A	$739	$950	$1,025
Cedar Falls, IA	$750	$800	$1,450	$1,350
St. Louis, MO	$1,172	$1,000	$1,400	$1,400
Schaumburg, IL	N/A	$1,995	$2,465	$2,150
Downers Grove, IL	N/A	$1,828	$2,218	$2,188
Chicago, IL	$1,363	$1,850	$2,500	$2,200
Milton, IL	N/A	$1,953	$2,250	$2,254
Minneapolis, MN	$1,290	$1,781	$2,895	$2,395
Naperville, IL	N/A	$1,675	$2,200	$2,623

Top Zipcodes Near Iowa

There are a total of 20 zipcodes in or near Iowa. The average rent for all of these zipcodes is $2,156.

The following chart includes the top 10 zipcodes in Iowa. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60657, Chicago, IL	$1,495	$1,900	$2,800	$2,095
60647, Chicago, IL	$1,150	$1,875	$2,200	$2,150
60613, Chicago, IL	$1,473	$1,795	$2,600	$2,300
60640, Chicago, IL	$1,350	$1,695	$2,398	$1,695
60614, Chicago, IL	$1,525	$2,295	$3,323	$2,600
60610, Chicago, IL	$1,713	$2,237	$3,550	$3,000
60625, Chicago, IL	$1,100	$1,495	$2,250	$1,700
60626, Chicago, IL	$1,100	$1,300	$1,750	$1,450
61820, Champaign, IL	$825	$1,058	$1,325	$1,310
60618, Chicago, IL	$1,200	$1,675	$2,000	$2,163

Frequently Asked Questions - Iowa Average Rents

What is the average rent price in Iowa?

The average monthly rental price for Iowa apartments for rent is approximately $725. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Iowa rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Iowa.

How much is a studio apartment in Iowa?

The average monthly rental price for studio apartments is $315 and an average price per square feet of $0.30. There are a total of 97 studio apartment listings currently available for rent in Iowa.

How much is a one bedroom apartment in Iowa?

The average monthly rental price for one bedroom apartments is $868 and an average price per square feet of $1.23. There are a total of 6 one bedroom apartment listings currently available for rent in Iowa.

How much is a two bedroom apartment in Iowa?

The average monthly rental price for two bedroom apartments is $725 and an average price per square feet of $1.04. There are a total of 5 two bedroom apartment listings currently available for rent in Iowa.

How have rent prices in Iowa changed this year?

Rent prices for rentals in Iowa can fluctuate yearly. Specifically, studio rental prices have changed by 1.95%, one bedroom rental prices have changed by -0.22%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.33% year-over-year.

What is a reasonable rent price in Iowa?

A reasonable rent price in Iowa is around $580/month. You can search for these reasonably priced rental listings on RentHop.