How much does it cost to rent in Boone, IA?

As of July 2026, the median monthly rent in Boone, IA is $947. This figure is based on aggregated data from public sources and community-submitted rents.

Is Boone cheaper than other Iowa cities?

Boone is among the more affordable cities in Iowa, ranking #28 out of 32 cities at $947/mo.

When was Boone rent data last updated?

Boone rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IA

Boone

Name: Average Rent Prices in Boone, IA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 12,424·28th most expensive in Iowa·Boone rents are up 22.8% over the past year

Median rent (all units)

$947/mo

Year-over-Year

+22.8%

Month-over-Month

-7.8%

vs US Median

-$1,018

Falling (Monthly)

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Most AffordableMost Expensive

Boone · $947

More affordable than 99% of US cities · National median $1,965/mo

Affordability

16% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $947/mo, rent takes about 16% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$38,000/yr

Local median income

$69,222/yr

Based on the 30%-of-income rule using Boone's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$720

1 BR

$730

2 BR

$940

3 BR

$1,320

4 BR+

$1,330

Research median

$940/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$11,364/yr

At $947/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 22.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+22.8% YoY, -7.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Boone, IA is majority owner-occupied, 24% of residents hold a bachelor's degree or higher.

Population

12,424

Median income

$69,222

Median age

41.3

Renters

28.4%

Age distribution

19.7%

22.1%

25.8%

14.1%

18.3%

Under 1819.7%

18–3422.1%

35–5425.8%

55–6414.1%

65+18.3%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

93.1%

White93.1%

Black1.3%

Hispanic3.8%

Other1.8%

Education (25+)

34.2%

35.9%

24%

No HS diploma5.9%

HS diploma34.2%

Some college35.9%

Bachelor's+24%

Housing tenure

71.6%

28.4%

Owner71.6%

Renter28.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Boone, IA has changed in 5 years

Income

$61,997 → $69,222

up 11.7%

Population

12,509 → 12,424

down 0.7%

Renter share

24.6% → 28.4%

+3.8 pts

Bachelor's+

22% → 24%

+2.0 pts

Median age

39.5 → 41.3

+1.8 yrs

On the earnings side, the typical household in Boone, IA now reports about $69,222, up from $61,997 in 2021. Renters now make up 28.4% of households, compared with 24.6% five years ago. College-educated residents now make up 24% of adults here, versus 22% in 2021.

Community

Discussions about Boone

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View Boone rent history (2015–2026) →

Salary vs rent

Can you afford rent in Boone on your salary?

At $947/mo, how Boone rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 13.1% income

very comfortable

Elementary School Teacher

Avg $61,714/yr · Rent = 18.4% income

very comfortable

Police Officer

Avg $71,088/yr · Rent = 16% income

very comfortable

Software Developer

Avg $127,061/yr · Rent = 8.9% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 7% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 19.7% income

very comfortable

Truck Driver

Avg $52,173/yr · Rent = 21.8% income

affordable

Electrician

Avg $64,308/yr · Rent = 17.7% income

very comfortable

By apartment size

Boone rent by bedroom count

Median rent for each apartment size in Boone. Click any size for full breakdown.

Local insights

Tips for renters in Boone

About renting in Boone, IA

Last updated: July 20, 2026

The median rent in Boone is $947/mo as of July 2026. A studio apartment averages $720/mo while a 2-bedroom runs $940/mo. One-bedroom apartments average $730/mo and 3-bedroom units go for $1,320/mo.

At 16% of local median household income ($69,222/yr), Boone ranks as affordable compared to the national benchmark of 30%. Rents have increased 22.8% over the past year.

FAQ

Frequently asked questions

Is Boone an affordable city for renters?

Boone is considered very affordable for renters. At $947/mo, rent takes approximately 16% of the local median household income ($69,222/yr). The standard benchmark is 30%. Boone falls comfortably within that range.

How much income do you need to rent in Boone?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (~$18/hour full-time) to afford the median rent of $947/mo in Boone. The local median household income is $69,222/yr, meaning the typical Boone household meets that threshold.

Is rent going up or down in Boone?

Rent in Boone has increased 22.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Boone rent compare to other cities in Iowa?

Boone is one of the more affordable cities in Iowa for rent, ranking #28 out of 32 tracked cities at $947/mo.

What percentage of Boone residents rent vs. own?

According to Census data, approximately 28.4% of Boone households are renters, while 71.6% are owner-occupied. Boone leans toward homeownership, which can mean a smaller rental inventory.