The Meadows
1600 10th St SE,
Mason City, IA 50401
$1,025 - $1,400
1-3 Beds
Rental Market Trends in Mason City, IA
What is the average rent in Mason City, IA?
$715/month
Average Rent
653 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of April 2026, the average rent in Mason City, IA is $715 per month. This is 56% lower than the national average rent of $1,641/month, making renting in Mason City more affordable than most cities in the US. When you rent an apartment in Mason City, you can expect to pay about $695 per month for a studio, $715 for a one-bedroom apartment, and around $1,023 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,322 or more.
Floor Plan Type
Average Rent
Average 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 Mason City, IA?
In the past year, rent has increased by 0.9%, which averages out to $7 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 April 2026
Legend
2025
2026
Rent Ranges in Mason City, IA
Last Updated April 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
62%
Below $700/month
15%
$700 - $1,000/month
23%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Mason City, IA?
Because the average rent in Mason City is $715, you’ll want to make about $2,383 per month or $28,596 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 Mason City, IA is 7.5% lower than the national average. Generally, housing in Mason City is 23.8% less expensive than the national average, with rent falling between $695 - $1,322. You can expect to pay 2.5% less for groceries, 3.9% less for utilities, and 3.0% more for transportation.
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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.
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.