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Updated

Average Rent in Altoona, IA

1 apartment buildings, 2 units. Real asking prices, refreshed daily.

Avg Rent

$1,270/mo

market average

Cheapest

$1,245/mo

Meadow Vista Estates by Kading

Properties

1

tracked daily

Units

2

available now

Altoona, IA Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 1 properties in Altoona, IA.

Average Rent by Property

Starting Price vs Average

Price per Square Foot

Altoona, IA Rent Prices

All 1 properties ranked by lowest available rent.

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Altoona, IA Average Rent Prices 2026

The average rent in Altoona, IA is $1,270 per month, based on 2 units across 1 apartment communities. Prices range from $1,245 at Meadow Vista Estates by Kading to $1,245 at Meadow Vista Estates by Kading.

Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

Market Context

Who rents in Altoona, IA, and what they pay

Tracked tracked rent in Altoona, IA averages $1,270/mo. At the local median household income of $87,123, that works out to 17% of gross income, well within the 25 percent comfortable-rent threshold.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Altoona, IA at $1,203/mo. The current tracked market average runs 6% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Altoona, IA while the tracked market average covers units currently listed in larger apartment communities.

What salary do I need to live comfortably in Altoona, IA?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$51,000/year

Based on the 30 percent rule, using our tracked average rent of $1,270/mo.

Comfortable income

$61,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,245/mo), you need to earn at least $50,000/year.

Median household income in Altoona, IA is $87,123 , about 43% above the comfortable-living threshold.

Cost of living in Altoona, IA

Overall prices in Altoona, IA runs below the national average by about 7% (BEA Regional Price Parity index 92.8, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Altoona, IA's regional price parities.

Category Monthly estimate
Rent (market average) $1,270
Utilities $370
Groceries $522
Transportation $882
Healthcare $430
Other goods and services $688
Estimated total $4,162/mo

Population

20,592

Median household income

$87,123

Census median rent

$1,203/mo

Rent as % of income

25.1%

Median age

35.5

Mean commute

24 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

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Nearby cities in Iowa

How Altoona, IA rent compares to other markets in the state.

City Avg Rent vs Altoona, IA Properties
Des Moines, IA $1,314 +3% 11
Davenport, IA $1,072 -16% 8
Sioux City, IA $1,028 -19% 7
Waterloo, IA $1,077 -15% 6
Cedar Falls, IA $1,400 +10% 6
Iowa City, IA $1,508 +19% 5

Frequently asked questions

What is the average rent in Altoona, IA?

The average rent in Altoona, IA is $1,270 per month, based on 2 units across 1 apartment buildings tracked by Average Rent. Prices are refreshed daily.

What is the cheapest apartment rent in Altoona, IA?

The lowest available rent in Altoona, IA starts at $1,245 per month. Availability changes daily and prices are refreshed each morning.

Rent Trends in Altoona, IA

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