$895 Per Month
- 2 Beds
- 2 Baths
- Condo for Rent
304 4th St SW Unit 8, Altoona, IA 50009
Property Id: 2725991 Available mid August! 2 bed 1 bath apartment in Altoona! Clean and quite 8 plex close to schools and shopping! 12 month lease. No smoking.
Frequently Asked Questions
How much does it cost to rent a condo in Altoona, IA?
The median rent for a condo in Altoona, IA is $835 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Altoona, IA?
To comfortably afford the median rent in Altoona, IA, a household needs to earn roughly $63,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,597 per month in Altoona, IA, renters typically need to show $4,791 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Altoona, IA?
In Altoona, IA, the price-to-rent ratio is 18.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Altoona, IA are best for renting a condo?
The best neighborhood for renting in Altoona, IA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Southwest Ankeny, Downtown Des Moines and Drake, each with its own character and price range.
