Apartments Under $1,000 in Iowa City, IA

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Apartments Under $1,000 in Iowa City, IA

Search and browse 857 apartments under $1,000 available for rent in Iowa City, IA. With apartments that span the entire city, you will find an apartment in Iowa City for just the right price. During your search, sort your favorite apartments under $1,000 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Iowa City apartment before you know it.

Iowa City:
May Rent Report

Welcome to the May 2020 Iowa City Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the May 2020 key findings and figures for the Iowa City rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Iowa City and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Iowa City rent prices in the chart below.

Monthly Rent Report

Iowa City Rent Prices Decrease From April to May

Iowa City rent prices decreased over the last month. From April to May, the city experienced a -1.47% decrease for the price of a one-bedroom apartment. The rent price for a Iowa City one-bedroom apartments currently stands at $736.0.

When we take a look at the two-bedroom comparison from April to May, Iowa City experienced a -0.32% decrease for the price of a two-bedroom apartment. The rent price for a Iowa City two-bedroom apartments currently stands at $932.0.

May Prices: Iowa City vs. Surrounding Areas

Rent Prices in Iowa City and Surrounding Areas

Rent prices have decreased in Iowa City over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Iowa City suburb increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Coralville, IA .

  • Rent decreased in North Liberty, IA.

  • 2 suburbs are currently priced higher than the city of Iowa City.

May 2020 Pricing Trends: Iowa City vs. National Comparisons

Iowa City Rent Prices More Affordable Than Major Cities

Rent growth in Iowa City over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Iowa City rent prices appear to be relatively affordable for local residents.

The price for a Iowa City one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's May 2020 National Apartment Report and data set here.

For more information about Iowa City and surrounding area rent prices, take a look at the complete data set below.

Data set for Iowa City and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Iowa City, IA $747.0 -4.72% $935.0 -4.00%
Coralville, IA $868.0 8.64% $788.0 1.42%
North Liberty, IA $738.0 -0.81% $951.0 0.11%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.