Hawks Ridge
100 Hawk Ridge Dr,
Iowa City, IA 52246
4 Beds | $604
Rental Market Trends in Iowa City, IA
What is the average rent in Iowa City, IA?
$1,004/month
Average Rent
610 Sq Ft
Average Apartment Size
+2.2%
Increase in the Last Year
As of March 2025, the average rent in Iowa City, IA is $1,004 per month. This is 36% lower than the national average rent of $1,559/month, making renting in Iowa City more affordable than most cities in the US. When you rent an apartment in Iowa City, you can expect to pay about $1,074 per month for a studio, $1,004 for a one-bedroom apartment, and around $1,279 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,672 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 Iowa City, IA?
In the past year, rent has increased by 2.2%, which averages out to $23 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 March 2025
Legend
2024
2025
Rent Ranges in Iowa City, IA
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
6%
Below $700/month
27%
$700 - $1,000/month
46%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Iowa City?
Based on current rent prices, South Iowa City, Northside and Roosevelt are the most affordable neighborhoods in Iowa City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Iowa City?
Based on current rent prices, Downtown Iowa City, Roosevelt and Northside are the most expensive neighborhoods in Iowa City.
Neighborhood
Average Rent
Average 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 .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Iowa City, IA?
Because the average rent in Iowa City is $1,004, you’ll want to make about $3,346 per month or $40,152 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 21.2% less expensive than the national average, with rent falling between $1,004 - $1,672. You can expect to pay 2.9% less for groceries, 14.3% less for utilities, and 3.8% more for transportation.
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.
Studio
-
$1,045/month
One Bedroom
$977/month
$1,261/month
Two Bedroom
$1,029/month
$1,625/month
Three Bedroom
$1,360/month
$1,953/month
Nearby City Rent Trends
Apartment communities in Iowa City we think you'll love
Property Management Companies in Iowa City, IA
The Tailwind Group
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21
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6,004
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Haverkamp Properties
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21
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4,120
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10
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High Properties
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17
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Monarch Investment and Management Group
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307
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75,048
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140
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1 Community in Iowa City
Perry Reid Properties
-
50
Communities
-
6,405
Units
-
35
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1 Community in Iowa City
Vesper Holdings
-
27
Communities
-
9,629
Units
-
24
Cities
1 Community in Iowa City
Balfour Beatty Investments, Inc.
-
11
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-
4,578
Units
-
11
Cities
1 Community in Iowa City
One Property Management
-
10
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-
618
Units
-
4
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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 2025.
* Percentages may not total 100 due to rounding.