Norwalk, IA Rental Market Trends
Last updated: August 03, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Norwalk is $1,267, a 11.72% increase compared to the previous year, when the average rent was $1,134.
One-bedroom apartments provide 716 square feet for $1,087, balancing privacy and affordability.
Two-bedroom units at $1,232 offer 930 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,369 sq ft) for $1,684, suitable for larger households.
Average rent in Norwalk, IA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,267 | 941 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,087 | 716 sq. ft. |
| 2 Beds | $1,232 | 930 sq. ft. |
| 3 Beds | $1,684 | 1,369 sq. ft. |
Norwalk, IA rent trends
Rental prices in Norwalk, IA have increased by 11.72% over the past year. The average rent moved from $1,134 to $1,267.
What's the typical rent budget in Norwalk, IA?
The largest share of rentals in Norwalk, IA (73%) 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 Norwalk, IA?
981 or 17% of the households in Norwalk, IA are renter-occupied while 4,629 or 83% are owner-occupied.
How Norwalk Compares to Other Cities
| City | Average Rent |
|---|---|
| Norwalk | $1,267 |
| Des Moines | $1,107 |
| Waukee | $1,429 |
| West Des Moines | $1,291 |
| Cedar Rapids | $1,095 |
| Ames | $1,411 |
| Davenport | $995 |
| Iowa City | $1,508 |
| Council Bluffs | $1,275 |
| Ankeny | $1,418 |
| Bettendorf | $1,388 |
| Urbandale, IA | $1,027 |
| Grimes, IA | $1,347 |
| Johnston, IA | $1,381 |
| Altoona, IA | $1,294 |
| Clive, IA | $1,240 |
| Bondurant, IA | $1,107 |
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 Norwalk 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.