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Rental Market Trends in Decorah, IA

What is the average rent in Decorah, IA?

$942/month

Average Rent

657 Sq Ft

Average Apartment Size

+3.4%

Increase in the Last Year

As of August 2025, the average rent in Decorah, IA is $942 per month. This is 42% lower than the national average rent of $1,638/month, making renting in Decorah more affordable than most cities in the US. When you rent an apartment in Decorah, you can expect to pay about $1,192 per month for a studio, $942 for a one-bedroom apartment, and around $879 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,192/month
532 Sq Ft
One Bedroom
$942/month
657 Sq Ft
Two Bedroom
$879/month
815 Sq Ft
Floor Plan Type
Average Rent
Average 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 Decorah, IA?

In the past year, rent has increased by 3.4%, which averages out to $33 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 August 2025
Legend
2024 2025
Market Trends Over Time

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

Because the average rent in Decorah is $942, you’ll want to make about $3,140 per month or $37,680 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

Decorah, IA

10 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Decorah, 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

Apartment communities in Decorah we think you'll love

719 Washington St

719 Washington St

719 Washington St,
Decorah, IA 52101

3 Beds | $1,400

507 Center Ave

507 Center Ave

507 Center Ave,
Decorah, IA 52101

3 Beds | $1,700

2607 Elm Drive Rd

2607 Elm Drive Rd

2607 Elm Drive Rd,
Decorah, IA 52101

1 Bed | $500

315 Day St

315 Day St

315 Day St,
Decorah, IA 52101

4 Beds | $950

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United States Iowa Decorah 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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity