Cheapest Cities to Rent in Iowa (2026)
The cheapest rent in Iowa is in Cedar Rapids, IA, where a 2-bedroom averages $1,071/mo and a 1-bedroom $816/mo (2026 HUD Fair Market Rent) — $124/mo below the Iowa average 2BR of $1,195. The table below ranks all 2 of the cheapest cities to rent in Iowa.
$1,071
Cheapest 2BR
$1,195
State Average 2BR
$124
Monthly Savings
$1,488
Yearly Savings
Top 2 Cheapest Cities in Iowa
Ranked by 2-bedroom rent price (lowest first)
| Rank | City | Studio | 1 Bed | 2 Bed | 3 Bed | Income Needed |
|---|---|---|---|---|---|---|
#1 | Cedar Rapids, IA | $738 | $816 | $1,071 | $1,490 | $42,840/yr |
#2 | Des Moines, IA | $1,063 | $1,109 | $1,318 | $1,794 | $52,720/yr |
Why These Iowa Cities Are Affordable
Iowa ranks among the most affordable states for renters. Even Des Moines, the largest metro, offers rents well below national averages. Smaller cities provide exceptional value.
- Below-average housing costs: These cities have housing indices lower than the state average of 78
- Lower demand: Smaller populations and less competitive markets keep prices reasonable
- Diverse housing stock: Mix of older and newer buildings provides options at various price points
- Regional economies: Local job markets support working populations without coastal-city premiums
Income Requirements
Using the standard 30% of income guideline, here's what you need to earn to afford rent in Iowa's cheapest cities:
#1: Cedar Rapids
2BR: $1,071/mo requires $42,840/year
#2: Des Moines
2BR: $1,318/mo requires $52,720/year
How Iowa's Cheapest Cities Compare
vs State Average
-$124/mo
cheaper than Iowa average
vs National Average
-$329/mo
cheaper than US average
Cost of Living Index
90
Below national average (100)
What to Consider Before Moving
Best For
- ✓Insurance professionals
- ✓Agricultural industry workers
- ✓Families seeking stability
- ✓Those prioritizing affordability
Considerations
- •Limited entertainment options
- •Cold winters
- •Rural isolation outside metros