If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the August 2022 Iowa City Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2022 key findings and figures for the Iowa City rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Iowa City and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Iowa City average rent prices in the chart below.
Iowa City rent prices increased over the last month. From July to August, the city experienced a 1.26% increase for the price of a one-bedroom apartment. The rent price for a Iowa City one-bedroom apartments currently stands at $1,210.0.
When we take a look at the two-bedroom comparison from July to August, Iowa City experienced a 13.8% increase for the price of a two-bedroom apartment. The rent price for a Iowa City two-bedroom apartments currently stands at $1,369.0.
Rent prices have increased in Iowa City over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Iowa City suburb increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Coralville, IA .
Rent decreased in North Liberty, IA.
2 suburbs are currently priced lower than the city of Iowa City.
Rent growth in Iowa City over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Iowa City average rent prices appear to be relatively affordable for local residents.
The price for a Iowa City one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's August 2022 National Apartment Report and data set here.
For more information about Iowa City and surrounding area rent prices, take a look at the complete data set below.
|1 BR August||1 BR M/M % Change||2 BR August||2 BR M/M % Change|
|Iowa City, IA||$1,195.0||3.55%||$1,203.0||12.33%|
|North Liberty, IA||$725.0||-2.29%||$1,015.0||4.75%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.