Iowa City, IA Rental Market Trends
Last updated: May 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Iowa City is $1,493, a 0.5% decrease compared to the previous year, when the average rent was $1,500.
Studio Apartments at $1,173 offer the most budget-friendly option with 386 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 606 square feet for $1,077, balancing privacy and affordability.
Two-beedroom units at $1,394 offer 876 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,151 sq ft) for $2,061, suitable for larger households.
Average rent in Iowa City, IA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,493 | 860 sq. ft. |
| Studio | $1,173 | 386 sq. ft. |
| 1 Bed | $1,077 | 606 sq. ft. |
| 2 Beds | $1,394 | 876 sq. ft. |
| 3 Beds | $2,061 | 1,151 sq. ft. |
Iowa City, IA rent trends
Rental prices in Iowa City, IA have decreased by 0.5% over the past year. The average rent moved from $1,500 to $1,493.
What's the typical rent budget in Iowa City, IA?
The largest share of rentals in Iowa City, IA (41%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Iowa City, IA?
16,271 or 53% of the households in Iowa City, IA are renter-occupied while 14,545 or 47% are owner-occupied.
Average Rent in Iowa City, IA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Weeber Harlocke | $1,172 |
| Penny Bryn | $1,033 |
Iowa City | Rent Comparison by Neighborhood
Rent in Penny Bryn is 12% lower than in Weeber Harlocke
Penny Bryn rent is 31% lower than Iowa City average
Weeber Harlocke rent is 21% lower than Iowa City average
How Iowa City Compares to Other Cities
| City | Average Rent |
|---|---|
| Iowa City | $1,493 |
| Des Moines | $1,097 |
| Cedar Rapids | $1,060 |
| West Des Moines | $1,274 |
| Davenport | $993 |
| Waukee | $1,424 |
| Council Bluffs | $1,237 |
| Ankeny | $1,389 |
| Ames | $1,406 |
| Bettendorf | $1,342 |
| Coralville, IA | $1,351 |
| Marion, IA | $873 |
| North Liberty, IA | $1,670 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Iowa City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.