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Rental Market Trends in Altoona, IA

What is the average rent in Altoona, IA?

$1,134/month

Average Rent

692 Sq Ft

Average Apartment Size

+0.1%

Increase in the Last Year

Altoona, IA Rental Market Overview

The average rent in Altoona, IA is $1,134 per month. This is 31% lower than the national average rent of $1,644/month, making renting in Altoona more affordable than most cities in the US.

  • Studio apartments in Altoona average $795 per month.
  • One-bedroom apartments in Altoona average $1,134 per month.
  • Two-bedroom apartments in Altoona average $1,332 per month.
  • Three-bedroom apartments in Altoona average $1,526 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$795/month
384 Sq Ft
One Bedroom
$1,134/month
692 Sq Ft
Two Bedroom
$1,332/month
1,010 Sq Ft
Three Bedroom
$1,526/month
1,191 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,989/month
1,255 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Altoona, IA?

In the past year, rent has increased by 0.1%, which averages out to $2 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Altoona, IA
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Altoona, IA
Percentage*
Rent Range
0% Below $700/month
29% $700 - $1,000/month
59% $1,001 - $1,500/month
6% $1,501 - $2,000/month
6% Above $2,000/month

What salary do I need to live comfortably in Altoona, IA?

Because the average rent in Altoona is $1,134, you’ll want to make about $3,780 per month or $45,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Altoona, IA

102 Available Apartments for Rent

Search for Nearby Apartments

How does Altoona, IA compare to other nearby cities and neighborhoods?

Use the tool below to compare Altoona, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Altoona, IA

Apartment Averages

Nearby City Rent Trends

  • Des Moines Average Rent
  • Ankeny Average Rent

Apartment communities in Altoona we think you'll love

Bridlewood Apartments

Bridlewood Apartments

100-112 5th Ave NW,
Altoona, IA 50009

$989 - $1,449

1-3 Beds

Ironwood

Ironwood

2570 1st Ave SW,
Altoona, IA 50009

$1,293 - $2,990

1-3 Beds

Redwood Altoona

Redwood Altoona

437 Elgin Ln NW,
Altoona, IA 50009

$1,756 - $2,575

2 Beds

Blue Ridge Commons

Blue Ridge Commons

1040 Blue Ridge Pl NW,
Altoona, IA 50009

$1,038 - $2,063

1-3 Beds

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United States Iowa Altoona Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity