Apartments in The Peninsula Iowa City

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The Peninsula

An Iowa City Neighborhood

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$738
Studio
$970
1 Bedroom
$992
2 Bedrooms
$1,794
3 Bedrooms
$2,282
4 Bedrooms
$3,552
5+ Bedrooms
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Iowa City:
September Rent Report

Welcome to the September 2020 Iowa City Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the September 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 Increase From August to September

Iowa City rent prices increased over the last month. From August to September, the city experienced a 1.34% increase for the price of a one-bedroom apartment. The rent price for a Iowa City one-bedroom apartments currently stands at $756.0.

When we take a look at the two-bedroom comparison from August to September, Iowa City experienced a 0.84% increase for the price of a two-bedroom apartment. The rent price for a Iowa City two-bedroom apartments currently stands at $963.0.

September Prices: Iowa City vs. Surrounding Areas

Rent Prices in Iowa City and Surrounding Areas

Rent prices have increased 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, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in North Liberty, IA .

  • Rent decreased in Coralville, IA, University Heights, IA.

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

  • 1 suburb is currently priced lower than the city of Iowa City.

September 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 on the rise. 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 September 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 September 1 BR M/M % Change 2 BR September 2 BR M/M % Change
Iowa City, IA $746.0 0.81% $955.0 1.92%
Coralville, IA $934.0 -0.21% $807.0 0.37%
North Liberty, IA $753.0 3.58% $990.0 0.61%
University Heights, IA $900.0 0.00% $915.0 -5.67%

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.