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Rental Market Trends in Altoona, IA

Updated July 2026

The average rent in Altoona, IA is $1,126/month.

Rent in Altoona is 32% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$1,126/month

Average Rent

692 Sq Ft

Average Size

+12.3%

Change / Year

100

Available Apartments

Altoona rent varies by unit size and layout:

  • Studio apartments in Altoona average $796 per month.
  • One-bedroom apartments in Altoona average $1,126 per month.
  • Two-bedroom apartments in Altoona average $1,370 per month.
  • Three-bedroom apartments in Altoona average $1,547 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$796/month
384 Sq Ft
One Bedroom
$1,126/month
692 Sq Ft
Two Bedroom
$1,370/month
1,010 Sq Ft
Three Bedroom
$1,547/month
1,191 Sq Ft
View Altoona Apartments

How much has average rent changed in Altoona, IA?

In the past year, rent has increased by 12.3%, which averages out to $139 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Altoona, IA

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Altoona, IA
Percentage*
Rent Range
0% Below $700/month
35% $700 - $1,000/month
41% $1,001 - $1,500/month
24% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Altoona is $1,126, you’ll want to make about $3,753 per month or $45,036 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

100 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.

View the Altoona Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Des Moines

    Des Moines

  • Ankeny

    Ankeny

Apartment Communities in Altoona We Think You'll Love

Bridlewood Apartments

Bridlewood Apartments

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

1-3 Beds | $989 - $1,449

Ironwood

Ironwood

2570 1st Ave SW,
Altoona, IA 50009

1-3 Beds | $1,190 - $2,820

Blue Ridge Commons

Blue Ridge Commons

1040 Blue Ridge Pl NW,
Altoona, IA 50009

1-3 Beds | $921 - $2,047

The Emory - Altoona

The Emory - Altoona

1490 34th Ave SW,
Altoona, IA 50009

1-3 Beds | $1,245 - $3,049

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Frequently Asked Questions

What is the average rent in Altoona?

The average rent in Altoona is $1,126 per month, which is 32.3% lower than the national average of $1,662.

Are rents going up or down in Altoona?

Rents in Altoona, IA are increasing, with prices up 12.3% year-over-year and $139 more per month.

What rent range is most common in Altoona?

In Altoona, IA, 41% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity