{"id":81994,"date":"2019-07-15T07:29:47","date_gmt":"2019-07-15T14:29:47","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=81994"},"modified":"2019-07-22T06:34:58","modified_gmt":"2019-07-22T13:34:58","slug":"iowa-mid-year-rent-report-june-2019","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/","title":{"rendered":"Iowa Mid-Year Rent Report \u2013 June 2019"},"content":{"rendered":"<ul>\n<li><em>The U.S. average rent increased by 3.2% ($45) year over year and reached $1,465 in June 2019, up by 0.8% ($12) month over month, according to\u00a0<a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">Yardi Matrix<\/a>\u00a0data.<\/em><\/li>\n<li><em>The average rent in Des Moines reached $903, $14 more per month than a year ago.<\/em><\/li>\n<li><em>Council Bluffs, IA renters saw the highest annual rent increase in June, reaching $912 per month.\u00a0<\/em><\/li>\n<li><em>Ankeny, IA apartments are the most expensive among the cities analyzed, while apartments in Urbandale, IA have the cheapest rents.\u00a0<\/em><\/li>\n<\/ul>\n<div>\n<h3>Mid-year the national average rent sees a spike as peak rental season is in full effect<\/h3>\n<p>In true seasonality fashion, June brings rent increases consistent with the end of the second quarter. Nationally, average rent prices reached\u00a0<strong>$1,465<\/strong>\u00a0following a 3.2% annual increase and up 0.8% since last month\u00a0\u2014 the highest monthly jump since May 2018.\u00a0 Compared to last June, renters pay $45 more on average\u00a0according\u00a0to the latest\u00a0rent survey from\u00a0<a tabindex=\"-1\" title=\"https:\/\/www.yardimatrix.com\/\" href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Yardi Matrix<\/a>.<\/p>\n<p>Since the beginning of the year, apartment rents have increased by 2.6% \u2013 that\u2019s an extra $37 added to the average monthly rent in six months. Rent increases during the first half of the year are typically more accelerated, whereas during the second half of the year they\u2019re expected to slow down, a typical pattern confirmed by rent evolution in the past years.<\/p>\n<\/div>\n<h3>Renting in Iowa\u2019s cities in June 2019<\/h3>\n<p>The average rent in Iowa\u2019s largest cities is generally lower than the national average rent. The average rent in <b>Des Moines\u00a0<\/b>reached $903 per month in June, up by 1.6% year-over-year or $14 more per month above what renters were paying a year ago.<\/p>\n<p>The\u00a0<strong>fastest growing rents<\/strong>\u00a0in June happened in <strong>Council Bluffs<\/strong>, where rental apartment prices increased by 8.1% over the year ($68 more expensive than last year). <strong>Altoona<\/strong> apartment rent prices saw the second-highest annual increase, jumping by 3% ($28), while\u00a0<strong>Urbandale<\/strong> experienced the third-fastest rent increases, up by 2.4% ($20).\u00a0<strong>Rents decreased<\/strong> over the year in <strong>Johnston<\/strong>, down by 1.3% ($14 less expensive than in June 2018).<\/p>\n<p><script id=\"infogram_0_e0bb9129-fd21-41ce-9637-d44c7131be2b\" title=\"Copy: Iowa - RentReport May\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?yAH\" type=\"text\/javascript\"><\/script><\/p>\n<p>Of the cities analyzed, <strong>Ankeny<\/strong> apartments are\u00a0the state\u2019s<strong> most expensive for renters<\/strong>, with an average rent of $1,119\/month, followed by\u00a0apartments in Johnston, where the average rent is $1,096. On the other hand,\u00a0<strong>the cheapest cities in Iowa to rent<\/strong> an apartment in are Urbandale ($859) and Des Moines ($903).<\/p>\n<h3>Mid-year rent changes in Iowa<\/h3>\n<p>Since the beginning of the year, there has been an increase in average rent in almost all of the cities in Iowa.\u00a0<strong>The highest increase in rent<\/strong>\u00a0can be seen in Council Bluffs, where average rent went up by 8.6%, or $72. Next up is Urbandale, with a 4.5% or $37 increase in the first semester.\u00a0<strong>A decrease in average rent<\/strong>\u00a0in the first half of the year can be seen only in Johnston,\u00a0down by 0.3%, or $3 less.<\/p>\n<p>To compare the rental market in Iowa with other cities in the U.S., you can also check our <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/2019-mid-year-rent-report-national-average-rent-ends-first-half-year-1465\/\">national mid-year rent report<\/a>.<\/p>\n<h3>Methodology<\/h3>\n<div>\n<div data-tid=\"messageBodyContainer\">\n<div data-tid=\"messageBodyContent\">\n<div>\n<div>\n<div>\n<p><em><u><a title=\"https:\/\/www.rentcafe.com\/\" href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">RentCafe.com<\/a><\/u>\u00a0is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.<\/em><\/p>\n<p><em>The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company\u00a0<\/em><u><i><a title=\"https:\/\/www.yardimatrix.com\/\" href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">Yardi Matrix<\/a><\/i><\/u><em>, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"usagerights\">\n<div class=\"fairuse\">\n<h3>Fair use and redistribution<\/h3>\n<p>We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to\u00a0<a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">RentCafe.com<\/a>\u00a0or this page, so that your readers can learn more about this project, the research behind it and its methodology.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. average rent increased by 3.2% ($45) year over year and reached $1,465 in June 2019, up by 0.8% ($12) month over month, according to\u00a0Yardi Matrix\u00a0data. The average rent in Des Moines reached $903, $14 more per month than a year ago. Council Bluffs, IA renters saw the highest annual rent increase in June,&hellip;<\/p>\n","protected":false},"author":131,"featured_media":82012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16366],"tags":[],"class_list":["post-81994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-rent-reports","gallery-content-unit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iowa Mid-Year Rent Report \u2013 June 2019 - RentCafe rental blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iowa Mid-Year Rent Report \u2013 June 2019\" \/>\n<meta property=\"og:description\" content=\"The U.S. average rent increased by 3.2% ($45) year over year and reached $1,465 in June 2019, up by 0.8% ($12) month over month, according to\u00a0Yardi Matrix\u00a0data. 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Council Bluffs, IA renters saw the highest annual rent increase in June,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"RentCafe rental blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-15T14:29:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-22T13:34:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/07\/Iowa_rent-report_june_890x400.png\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nicky Iudean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nicky Iudean\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/\",\"name\":\"Iowa Mid-Year Rent Report \u2013 June 2019 - RentCafe rental blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/07\/Iowa_rent-report_june_890x400.png\",\"datePublished\":\"2019-07-15T14:29:47+00:00\",\"dateModified\":\"2019-07-22T13:34:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/afc12a0309b5b8a5f8645dbf3703bb39\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/#primaryimage\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/07\/Iowa_rent-report_june_890x400.png\",\"contentUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/07\/Iowa_rent-report_june_890x400.png\",\"width\":890,\"height\":400,\"caption\":\"Mid-Year Iowa Rent Report\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-mid-year-rent-report-june-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rentcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Iowa Mid-Year Rent Report \u2013 June 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/\",\"name\":\"RentCafe rental blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rentcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/afc12a0309b5b8a5f8645dbf3703bb39\",\"name\":\"Nicky Iudean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2023\/12\/Default_profile_pic.png?w=96\",\"contentUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2023\/12\/Default_profile_pic.png?w=96\",\"caption\":\"Nicky Iudean\"},\"description\":\"Nicky is a Senior Communications Specialist for RENTCaf\u00e9.com, where she researches and writes about real estate, interior design, and all things that spark renters\u2019 interests. 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