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 Spirit Lake & Beyond
Spirit Lake 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
Spirit Lake, IA
As of June 2026, Spirit Lake's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Spirit Lake's average rent is 17.4% ($193) higher than the Iowa average of $1,112 and 27.4% ($492) lower than the U.S. average of $1,797.
Average Rent
$1,305
Monthly ChangeMonth Over Month Change
2.7% ($34)
Yearly ChangeYear Over Year Change
2.6% ($33)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $919 | 0.5% ($5) | 1.6% ($15) |
| 2 Beds | $1,233 | No change | 3.7% ($47) |
| 3 Beds | $1,651 | 1.3% ($21) | 0.2% ($4) |
| Nearby Cities | Average Rent | Avg. Rent vs. Spirit LakeAverage Rent vs. Spirit Lake | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Milford | $825 | 36.8% ($480) | 33 days |
| Estherville | $965 | 26.1% ($340) | 35 days |
| Spencer | $1,180 | 9.6% ($125) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Spirit Lake Rental Market FAQs
Explore rental prices, market trends, and availability in Spirit Lake, IA.
The average rent in Spirit Lake, IA is $1,305 per month.
Homes in Spirit Lake typically rent for between $643 and $2,146 per month, with an average of $1,305 per month.
In Spirit Lake, the average rent for a 1-bedroom home is $919 per month, for a 2-bedroom home, $1,233 per month, and a 3-bedroom home is $1,651 per month.
The average rent in Spirit Lake is 27.4% ($492) lower than the national average of $1,797 per month.
The average rent in Spirit Lake has increased by 2.7% ($34) in the last month and increased by 2.6% ($33) over the past year.
The rental market in Spirit Lake, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Spirit Lake, IA, the average rental stays on the market for approximately 35 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 2 rental properties available in Spirit Lake, IA.
Based on the current averages, a household would need an annual income of $49,320 to comfortably afford a 2-bedroom home in Spirit Lake.
