Legacy Landing Apartments
2701 Cedar St,
Norwalk, IA 50211
$1,099 - $1,889
1-3 Beds
Rental Market Trends in Norwalk, IA
What is the average rent in Norwalk, IA?
$998/month
Average Rent
729 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of April 2026, the average rent in Norwalk, IA is $998 per month. This is 39% lower than the national average rent of $1,640/month, making renting in Norwalk more affordable than most cities in the US. When you rent an apartment in Norwalk, you can expect to pay about $970 per month for a studio, $998 for a one-bedroom apartment, and around $1,120 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,456 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 Norwalk, IA?
In the past year, rent has increased by 2.1%, which averages out to $21 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 Norwalk, IA
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
38%
$700 - $1,000/month
50%
$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 Norwalk, IA?
Because the average rent in Norwalk is $998, you’ll want to make about $3,326 per month or $39,912 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.
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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.