Rentometer, Inc. | Data as of 10/23/2025
Altoona, Iowa offers a balanced rental market that caters to a diverse range of tenants, from young professionals seeking a convenient studio to families looking for spacious single‑family homes. Apartments dominate the local inventory, with studio and one‑bedroom units comfortably positioned in the $1,000‑$1,100 range, while larger two‑ and three‑bedroom apartments typically fall within the $1,200‑$1,400 bracket. For those who prefer the privacy of a standalone residence, three‑bedroom houses are generally priced in the $2,000‑$2,200 range, and larger four‑plus‑bedroom homes reach the $2,300‑$2,500 tier. This variety ensures options for a broad spectrum of budget considerations while maintaining the affordability that draws renters to the area.
Strategically located just west of Des Moines, Altoona benefits from easy access to major highways, the Des Moines International Airport, and a vibrant mix of amenities. Residents enjoy nearby attractions such as Adventureland amusement park, the scenic Des Moines River trails, and a growing downtown with boutique shops, local cafés, and community events. Neighborhoods like River Park and the historic downtown district provide a blend of modern living spaces and classic Midwestern charm. With quality schools, well‑maintained parks, and a welcoming community atmosphere, Altoona continues to be a compelling choice for renters seeking both convenience and a high quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,024 | $1,063 | $722 - $1,198 | $1,001 - $1,136 |
| Apartment | 1 Bedroom | $1,050 | $1,001 | $795 - $1,465 | $909 - $1,234 |
| Apartment | 2 Bedroom | $1,336 | $1,199 | $930 - $2,547 | $1,045 - $1,585 |
| Apartment | 3 Bedroom | $1,331 | $1,210 | $1,025 - $1,882 | $1,191 - $1,328 |
| House | 3 Bedroom | $2,068 | $2,195 | $1,295 - $2,600 | $1,750 - $2,395 |
| House | 4+ Bedroom | $2,395 | $2,345 | $2,295 - $2,595 | $2,345 - $2,395 |
In the current period, the average rent in Altoona was $1,024 for Studio, $1,051 for 1 Bedroom, $1,336 for 2 Bedroom, $1,570 for 3 Bedroom, and $2,310 for 4+ Bedroom.
Data provided by Rentometer, Inc.