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Rental Market Trends in Iowa City, IA

Updated July 2026

The average rent in Iowa City, IA is $1,045/month.

Rent in Iowa City is 37% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,045/month

Average Rent

631 Sq Ft

Average Size

+0.9%

Change / Year

565

Available Apartments

Iowa City rent varies by unit size and layout:

  • Studio apartments in Iowa City average $1,134 per month.
  • One-bedroom apartments in Iowa City average $1,045 per month.
  • Two-bedroom apartments in Iowa City average $1,301 per month.
  • Three-bedroom apartments in Iowa City average $1,703 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,134/month
545 Sq Ft
One Bedroom
$1,045/month
631 Sq Ft
Two Bedroom
$1,301/month
876 Sq Ft
Three Bedroom
$1,703/month
1,140 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,091/month
421 Sq Ft
Two Bedroom
$1,474/month
857 Sq Ft
Three Bedroom
$1,648/month
939 Sq Ft
Four Bedroom
$2,768/month
1,479 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,390/month
591 Sq Ft
Two Bedroom
$1,534/month
772 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,206/month
1,720 Sq Ft
View Iowa City Apartments

How much has average rent changed in Iowa City, IA?

In the past year, rent has increased by 0.9%, which averages out to $10 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Iowa City, IA

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Iowa City, IA
Percentage*
Rent Range
6% Below $700/month
20% $700 - $1,000/month
50% $1,001 - $1,500/month
16% $1,501 - $2,000/month
8% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Iowa City?

Based on current rent prices, South Iowa City, Roosevelt and Downtown Iowa City are the most affordable neighborhoods in Iowa City.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Iowa City
$1,226/month
687 Sq Ft
Roosevelt
$1,266/month
661 Sq Ft
Downtown Iowa City
$1,578/month
756 Sq Ft

What are the most expensive neighborhoods in Iowa City?

Based on current rent prices, Downtown Iowa City, Roosevelt and South Iowa City are the most expensive neighborhoods in Iowa City.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Iowa City
$1,578/month
756 Sq Ft
Roosevelt
$1,266/month
661 Sq Ft
South Iowa City
$1,226/month
687 Sq Ft

Which Iowa City neighborhoods have the most rentals available?

The neighborhoods in Iowa City with the most apartments available are South Iowa City, Downtown Iowa City and Roosevelt .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Iowa City
$1,226/month
687 Sq Ft
Downtown Iowa City
$1,578/month
756 Sq Ft
Roosevelt
$1,266/month
661 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Iowa City is $1,045, you’ll want to make about $3,483 per month or $41,796 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.

Cost of Living

The cost of living in Iowa City, IA is 7.4% lower than the national average. Generally, housing in Iowa City is 21.1% less expensive than the national average, with rent falling between $1,045 - $1,703. You can expect to pay 2.8% less for groceries, 14.3% less for utilities, and 4.4% more for transportation.

City

Iowa City, IA

565 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Iowa City, 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 Iowa City Area Guide

Apartment Averages

South Iowa City

Iowa City, IA

Downtown Iowa City

Iowa City, IA

Studio
-
$1,098/month
One Bedroom
$1,006/month
$1,275/month
Two Bedroom
$1,124/month
$1,599/month
Three Bedroom
$1,335/month
$1,980/month
View Rentals
View Rentals

Compare Rent Trends Nearby

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

  • Coralville

    Coralville

  • Tiffin

    Tiffin

  • North Liberty

    North Liberty

Apartment Communities in Iowa City We Think You'll Love

319 Sycamore Drive

319 Sycamore Drive

327-327 Sycamore Dr,
West Branch, IA 52358

1-2 Beds | $1,050 - $1,350

The Quarters Iowa City

The Quarters Iowa City

2401 Highway 6 E,
Iowa City, IA 52240

1-3 Beds | $695 - $1,390

The Horizons 202 Sycamore Dr.

The Horizons 202 Sycamore Dr.

202-204 Sycamore Dr,
West Branch, IA 52358

2 Beds | $1,320

The Banks Student Living

The Banks Student Living

104 E 7th St,
Coralville, IA 52241

Studio - 4 Beds | $725 - $2,900

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Frequently Asked Questions

What is the average rent in Iowa City?

The average rent in Iowa City is $1,045 per month, which is 37.2% lower than the national average of $1,663.

What is the average rent for a house in Iowa City?

The average rent for a house in Iowa City, IA is $1,648 per month.

What is the average rent for a condo in Iowa City?

The average rent for a condo in Iowa City, IA is $1,390 per month.

Are rents going up or down in Iowa City?

Rents in Iowa City, IA are increasing, with prices up 0.9% year-over-year and $10 more per month.

What rent range is most common in Iowa City?

In Iowa City, IA, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Iowa Iowa City 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