Average Rent Prices in Iowa (IA)
$6571
Studio
$7321
1BR
$9291
2BR
$1,2511
3BR
$1,4191
4BR
As of 2023, the overall average fair market rent for a residential rental property in Iowa is $998. Average rent prices in Iowa sit below the national average rent of $1,274, in which Iowa ranks as the as the 12th lowest rent among all 50 states and the 39th highest rent among all 50 states within the United States. In Iowa’s large metropolitan areas such as Des Moines, IA, the average rent prices tend to be higher, while alternative areas such as Ankeny, IA, can provide more affordable options.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Rent Rankings
39th
Highest Rent Among 50 States
12th
Lowest Rent Among 50 States
Below
The National Rent Average
Definitions
Studio – A one-room unit with a private bathroom.
1BR – A unit that has a separate bathroom and a separate bedroom.
2BR – A unit that has two separate and distinct bedrooms.
3BR – A unit that has 3 separate and distinct bedrooms.
4BR – A unit that has 4 separate and distinct bedrooms.
Fair Market Rent – Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Iowa (IA) Visual Chart
Average Rent Prices in Iowa (IA) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Ames, IA HUD Metro FMR Area | 800 | 862 | 981 | 1.394 | 1.671 |
| 2 | Benton County, IA HUD Metro FMR Area | 600 | 604 | 795 | 1.073 | 1.128 |
| 3 | Boone County, IA HUD Metro FMR Area | 602 | 671 | 883 | 1.246 | 1.379 |
| 4 | Bremer County, IA HUD Metro FMR Area | 627 | 652 | 858 | 1.076 | 1.153 |
| 5 | Cedar Rapids, IA HUD Metro FMR Area | 615 | 699 | 920 | 1.307 | 1.567 |
| 6 | Davenport-Moline-Rock Island, IA-IL MSA | 606 | 733 | 906 | 1.193 | 1.353 |
| 7 | Des Moines-West Des Moines, IA HUD Metro FMR Area | 791 | 889 | 1.074 | 1.473 | 1.499 |
| 8 | Dubuque, IA MSA | 621 | 706 | 929 | 1.238 | 1.582 |
| 9 | Iowa City, IA HUD Metro FMR Area | 810 | 922 | 1.127 | 1.602 | 1.920 |
| 10 | Jasper County, IA HUD Metro FMR Area | 616 | 634 | 835 | 1.158 | 1.238 |
| 11 | Jones County, IA HUD Metro FMR Area | 532 | 604 | 795 | 1.064 | 1.068 |
| 12 | Omaha-Council Bluffs, NE-IA HUD Metro FMR Area | 801 | 888 | 1.083 | 1.449 | 1.611 |
| 13 | Sioux City, IA-NE-SD MSA | 620 | 705 | 928 | 1.139 | 1.247 |
| 14 | Washington County, IA HUD Metro FMR Area | 591 | 672 | 884 | 1.111 | 1.277 |
| 15 | Waterloo-Cedar Falls, IA HUD Metro FMR Area | 629 | 740 | 934 | 1.241 | 1.591 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2023.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.
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