Altoona, IA Rental Market Trends
Last updated: October 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Altoona is $1,336, a 5.77% increase compared to the previous year, when the average rent was $1,263.
Studio Apartments at $865 offer the most budget-friendly option with 363 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 679 square feet for $1,107, balancing privacy and affordability.
Two-beedroom units at $1,390 offer 1,018 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,249 sq ft) for $1,641, suitable for larger households.
Average rent in Altoona, IA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,336 | 942 sq. ft. |
| Studio | $865 | 363 sq. ft. |
| 1 Bed | $1,107 | 679 sq. ft. |
| 2 Beds | $1,390 | 1,018 sq. ft. |
| 3 Beds | $1,641 | 1,249 sq. ft. |
Altoona, IA rent trends
Rental prices in Altoona, IA have increased by 5.77% over the past year. The average rent moved from $1,263 to $1,336.
What's the typical rent budget in Altoona, IA?
The largest share of rentals in Altoona, IA (42%) 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 Altoona, IA?
2,493 or 32% of the households in Altoona, IA are renter-occupied while 5,372 or 68% are owner-occupied.
How Altoona Compares to Other Cities
| City | Average Rent |
|---|---|
| Altoona | $1,336 |
| Ankeny | $1,346 |
| Council Bluffs | $1,265 |
| Waukee | $1,378 |
| Des Moines | $1,100 |
| Ames | $1,316 |
| West Des Moines | $1,259 |
| Davenport | $1,040 |
| Iowa City | $1,476 |
| Grimes, IA | $1,277 |
| Urbandale, IA | $1,058 |
| Johnston, IA | $1,350 |
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 Altoona 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.