Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Boone & Beyond
Boone shares many of the great qualities that make Iowa a desirable place to live.
Iowa is known as the "Hawkeye State" and America's heartland. This beautiful state is famous for its rolling hills, fertile farmland, and vibrant cities. Immerse yourself in Iowa's rich history by visiting the Herbert Hoover Presidential Library and Museum, Amana Colonies, or developing your skills at the University of Iowa and Iowa State University. Iowa also has a vibrant cultural scene, with dozens of professional theaters, art galleries, and museums spread throughout the state.
Iowa is a haven for outdoor enthusiasts, offering a variety of activities such as hiking the scenic Loess Hills, camping and fishing in its state parks and lakes, and winter sports like skiing and snowboarding. Explore famous attractions like the State Capitol Building, the Des Moines Art Center, and the historic town of Cedar Rapids. With its friendly communities, affordable living, and thriving economy, Iowa offers a high quality of life and a strong sense of community, making it an ideal place for those looking for a fulfilling lifestyle.
Discover why Iowa is a place that is sure to steal your heart and capture your imagination. Experience the best of what the Midwest offers, and you'll see why it's such a great place to live.
Rental Market Trends
Boone, IA
As of June 2026, Boone's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Boone's average rent is 17.3% ($192) lower than the Iowa average of $1,112 and 48.8% ($877) lower than the U.S. average of $1,797.
Average Rent
$920
Monthly ChangeMonth Over Month Change
8.6% ($73)
Yearly ChangeYear Over Year Change
18.7% ($145)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $724 | 1.9% ($14) | 6.5% ($44) |
| 2 Beds | $877 | 0.1% ($1) | 11.9% ($93) |
| 3 Beds | $1,169 | 1% ($12) | 5.2% ($58) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Boone Rental Market FAQs
Explore rental prices, market trends, and availability in Boone, IA.
The average rent in Boone, IA is $920 per month.
Apartments in Boone typically rent for between $600 and $1,520 per month, with an average of $920 per month.
In Boone, the average rent for a 1-bedroom apartment is $724 per month, for a 2-bedroom apartment, $877 per month, and a 3-bedroom apartment is $1,169 per month.
The average rent in Boone is 48.8% ($877) lower than the national average of $1,797 per month.
The average rent in Boone has increased by 8.6% ($73) in the last month and increased by 18.7% ($145) over the past year.
The rental market in Boone, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Boone, IA, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 25 rental properties available in Boone, IA.
Based on the current averages, a household would need an annual income of $35,080 to comfortably afford a 2-bedroom apartment in Boone.
