Last updated
Average Rent in Boone, IA & Rent Trends
Rent prices and market trends across 4 apartment communities in Boone, IA. Updated daily.
Market Average
$1,159/mo
▼ 10.8% from last month
Lowest Available
$925/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
10
available now
Is Rent Going Up or Down in Boone, IA?
As of May 2026, the average rent in Boone, IA is $1,159 per month across 4 apartment communities and 10 available units. Rents have decreased $126 (10.8%) over the past month.
The most affordable option is Bridge St Townhomes by Kading starting at $925/mo. By unit type, a 2-bedroom averages $925/mo, a 3-bedroom averages $1,259/mo.
Prices range from $925 to $1,295 per month. The most common price point is the $1,200 range, where 6 units are currently listed.
Boone, IA Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Boone, IA
Rent Prices by Apartment in Boone, IA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Bridge St Townhomes by Kading | $925/mo | $1,172/mo | 3 | 2 |
| Express St Townhomes by Kading | $925/mo | $1,172/mo | 3 | 2 |
| Marion St Townhomes by Kading | $925/mo | $1,172/mo | 3 | 2 |
| Cedar Pointe by Kading | $1,045/mo | $1,045/mo | 1 | 4.9 |
Google Search Trends for Boone, IA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Boone, IA
What is the average rent in Boone, IA?
Is rent going up or down in Boone, IA?
What is the cheapest apartment in Boone, IA?
How many apartments are available in Boone, IA?
What salary do I need to live comfortably in Boone, 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
$46,000/year
30 percent rule -- using our average rent of $1,159/mo.
Comfortable income
$56,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($925/mo), you need to earn at least $37,000/year.
Median household income in Boone, IA is $67,269 , about 21% above the comfortable-living threshold.
Cost of living in Boone, IA
Overall prices in Boone, IA runs below the national average by about 9% (BEA Regional Price Parity index 91.5, 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 Boone, IA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,159 |
| Utilities | $343 |
| Groceries | $522 |
| Transportation | $818 |
| Healthcare | $399 |
| Other goods and services | $638 |
| Estimated total | $3,879/mo |
Population
12,445
Median household income
$67,269
Census median rent
$791/mo
Rent as % of income
25.8%
Median age
38.5
Mean commute
19 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.
Explore Boone, IA Apartments
Browse all 4 communities with daily-updated pricing and availability.