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Homes & Apartments for Rent near Underwood, IA

Showing 421 rentals in towns near Underwood, nearest first.
1-20 of 421 rentals
Viewing 1-20 of 421 rentals near Underwood
What to Know About

Life in Underwood & Beyond

Underwood 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

Underwood, IA

As of October 2026, Underwood's rental market is stable, with rentals spending about 32 days on the market, about the same as in Iowa (32), and rents down 3.2% over the past year. Underwood's average rent is 15.4% ($188) higher than the Iowa average of $1,218 and 32.5% ($676) lower than the U.S. average of $2,082.

Average Rent
$1,406
Monthly ChangeMonth Over Month Change
Decreased0.56% ($8)
Yearly ChangeYear Over Year Change
Decreased3.2% ($47)
Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,094 Decreased0.46% ($5) Decreased1.6% ($18)
2 Beds $1,431 Decreased0.95% ($14) Decreased4.5% ($67)
3 Beds $1,963 Decreased0.77% ($15) Decreased3.8% ($77)
Nearby Cities Average Rent Avg. Rent vs. UnderwoodAverage Rent vs. Underwood Days on Market
Council Bluffs $1,081 Decreased23.1% ($325) 29 days
Treynor $1,404 Decreased0.1% ($2) 32 days
Carter Lake $1,094 Decreased22.2% ($312) 32 days
Shelby $1,076 Decreased23.5% ($330) 32 days
Oakland $1,058 Decreased24.8% ($348) 32 days
Based on rentals advertised on RentalSource in and around Underwood.
Frequently Asked Questions
Underwood Rental Market FAQs

Explore rental prices, market conditions, and affordability in Underwood, IA.

The average rent in Underwood, IA is about $1,406 per month.
In Underwood, the average rent is about $1,094 per month for a 1-bedroom home, about $1,431 for a 2-bedroom home and about $1,963 for a 3-bedroom home.
The average rent in Underwood is 32.5% ($676) lower than the national average of $2,082 per month.
The rental market in Underwood, IA is currently stable, with rentals spending about 32 days on the market, about the same as in Iowa (32), and rents down 3.2% over the past year.
Based on the current averages, a household would need an annual income of about $57,200 to comfortably afford a 2-bedroom home in Underwood.
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