Iowa City, IA Rental Market Trends

Last updated: May 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Iowa City, IA

Last updated: May 24, 2026

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?

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Average Rent in Iowa City, IA By Neighborhood

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Iowa City | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Penny Bryn is 12% lower than in Weeber Harlocke

$1,033

Penny Bryn rent is 31% lower than Iowa City average

Average Rent $1,033
$1,172

Weeber Harlocke rent is 21% lower than Iowa City average

Average Rent $1,172

How Iowa City Compares to Other Cities

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.