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 Mount Vernon & Beyond
Mount Vernon 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
Mount Vernon, IA
As of June 2026, Mount Vernon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mount Vernon's average rent is 22.8% ($254) lower than the Iowa average of $1,112 and 52.3% ($939) lower than the U.S. average of $1,797.
Average Rent
$858
Monthly ChangeMonth Over Month Change
0.4% ($3)
Yearly ChangeYear Over Year Change
0.9% ($8)
Avg. Days on MarketAverage Days on Market
36
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $757 | 2.2% ($16) | 5.3% ($38) |
| 2 Beds | $858 | 0.4% ($3) | 0.9% ($8) |
| 3 Beds | $1,202 | 2.6% ($30) | 17.6% ($180) |
| Nearby Cities | Average Rent | Avg. Rent vs. Mount VernonAverage Rent vs. Mount Vernon | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Lisbon | $721 | 16% ($137) | 38 days |
| Solon | $882 | 2.8% ($24) | 45 days |
| Marion | $1,108 | 29.1% ($250) | 64 days |
| Cedar Rapids | $1,101 | 28.3% ($243) | 33 days |
| Hiawatha | $1,186 | 38.2% ($328) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Mount Vernon Rental Market FAQs
Explore rental prices, market trends, and availability in Mount Vernon, IA.
The average rent in Mount Vernon, IA is $858 per month.
Homes in Mount Vernon typically rent for between $600 and $1,563 per month, with an average of $858 per month.
In Mount Vernon, the average rent for a 1-bedroom home is $757 per month, for a 2-bedroom home, $858 per month, and a 3-bedroom home is $1,202 per month.
The average rent in Mount Vernon is 52.3% ($939) lower than the national average of $1,797 per month.
The average rent in Mount Vernon has increased by 0.4% ($3) in the last month and increased by 0.9% ($8) over the past year.
The rental market in Mount Vernon, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Mount Vernon, IA, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Mount Vernon, IA.
Based on the current averages, a household would need an annual income of $34,320 to comfortably afford a 2-bedroom home in Mount Vernon.
