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Rental Market Trends in Boone, IA

What is the average rent in Boone, IA?

$700/month

Average Rent

589 Sq Ft

Average Apartment Size

+9.8%

Increase in the Last Year

As of February 2026, the average rent in Boone, IA is $700 per month. This is 57% lower than the national average rent of $1,626/month, making renting in Boone more affordable than most cities in the US. When you rent an apartment in Boone, you can expect to pay about $603 per month for a studio, $700 for a one-bedroom apartment, and around $942 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,252 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$603/month
0 Sq Ft
One Bedroom
$700/month
589 Sq Ft
Two Bedroom
$942/month
878 Sq Ft
Three Bedroom
$1,252/month
1,220 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,824/month
1,624 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 Boone, IA?

In the past year, rent has increased by 9.8%, which averages out to $69 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 February 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Boone, IA
Last Updated February 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Boone, IA
Percentage*
Rent Range
12% Below $700/month
62% $700 - $1,000/month
12% $1,001 - $1,500/month
12% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Boone is $700, you’ll want to make about $2,333 per month or $27,996 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

Boone, IA

77 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Boone, 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.

Apartment Averages

Nearby City Rent Trends

  • Ames Average Rent

Apartment communities in Boone we think you'll love

Linden Station Apartments

Linden Station Apartments

1111 Parkway Dr,
Boone, IA 50036

$850 - $1,325

1-4 Beds

Cedar Pointe

Cedar Pointe

2160 Cedar St,
Boone, IA 50036

$975

3 Beds

Kate's Landing

Kate's Landing

368 S Marion St,
Boone, IA 50036

$925 - $1,295

2-3 Beds

Boone Park Apartments

Boone Park Apartments

1127 S Linn St,
Boone, IA 50036

$760 - $860

1-2 Beds

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United States Iowa Boone 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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity