RentDataNowRentDataNow
ZIP Code · IA

ZIP 52240

Pop. 35,074·Johnson County·27th most expensive ZIP in Iowa
Median rent (all units)
$1,234/mo
Year-over-Year
+8.9%
Month-over-Month
+5.2%
vs US Median
-$731
Rising (Monthly)
Be the first to discuss 52240 rents ↓
Most AffordableMost Expensive
ZIP 52240 · $1,234
More affordable than 90% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$930
1 BR
$1,020
2 BR
$1,210
3 BR
$1,680
4 BR+
$2,030
Research median
$1,210/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$14,808/yr
At $1,234/mo median
Location
StateIA
CountyJohnson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.9% YoY, +5.2% MoM), not inventory.
Demographics

Who lives here

ZIP 52240 (Iowa City, IA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 47.6% of residents hold a bachelor's degree or higher.

Population
35,074
Median income
$52,960
Median age
28.6
Renters
49.9%
Age distribution
16%
41.4%
19.5%
13.2%
Under 1816%
18–3441.4%
35–5419.5%
55–6410%
65+13.2%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
71.3%
White71.3%
Black9.6%
Hispanic11%
Asian5.1%
Other2.8%
Education (25+)
19.1%
27.6%
47.6%
No HS diploma5.6%
HS diploma19.1%
Some college27.6%
Bachelor's+47.6%
Housing tenure
50.1%
49.9%
Owner50.1%
Renter49.9%

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

2021 vs 2026

How ZIP 52240 in Iowa City, IA has changed in 5 years

Rent
$880 → $1,234
up 40.2%
Income
$52,256 → $52,960
up 1.3%
Population
36,370 → 35,074
down 3.6%
Renter share
49.4% → 49.9%
+0.5 pts
Bachelor's+
46.3% → 47.6%
+1.3 pts
Median age
26.9 → 28.6
+1.7 yrs

Since 2021, the typical rent in ZIP 52240 in Iowa City, IA has increased from $880 to $1,234, a 40.2% change over five years. Household income in the area moved from $52,256 to $52,960 across the same window, up 1.3% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.6% since 2021, moving from about 36,370 residents to roughly 35,074. Reading these numbers side by side helps frame whether current listings in ZIP 52240 in Iowa City, IA look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 52240

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 52240

About renting in ZIP 52240

Last updated: July 20, 2026

ZIP code 52240 covers Iowa City, IA. The median rent here is $1,234/mo as of July 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,210/mo.

At 28% of local median household income ($52,960/yr), ZIP 52240 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 52240?

As of July 20, 2026, the median monthly rent in ZIP 52240 (Iowa City, IA) is $1,234. This is based on aggregated data from public sources and community submissions.

How does ZIP 52240 rent compare to the US average?

ZIP 52240's median rent of $1,234/mo is $731 (37%) below the US national median of $1,965/mo.

How does ZIP 52240 compare to other ZIPs in Iowa?

ZIP 52240 falls in the middle range for Iowa, ranking #27 out of 55 ZIPs at $1,234/mo.

How much income do you need to rent in ZIP 52240?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,234/mo in ZIP 52240. The local median household income is $52,960/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 52240?

Rent in ZIP 52240 has increased 8.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 52240 an affordable place to rent?

ZIP 52240 is considered affordable for renters. At $1,234/mo, rent takes approximately 28% of the local median household income ($52,960/yr). The standard benchmark is 30%. ZIP 52240 falls comfortably within that range.

What percentage of ZIP 52240 residents rent vs. own?

According to Census data, approximately 49.9% of ZIP 52240 households are renters, while 50.1% are owner-occupied. ZIP 52240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 52240 compare to the rest of Iowa City?

ZIP 52240 is more affordable than Iowa City overall. At $1,234/mo, it's $74 below the Iowa City citywide median of $1,308/mo.

When was rent data for ZIP 52240 last updated?

Rent data for ZIP 52240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,234/mo, rent takes ~28% of ZIP 52240's median household income ($52,960/yr). The standard benchmark is 30%.

ZIP 52240 28%Benchmark 30%
State income tax3.8%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 52240 (Iowa City, IA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.