$625 Per Month
- 1 Bed
- 1 Bath
- Van Mersbergen
104 E Franklin St Unit 104 1/2 E Franklin St Apt A, Bloomfield, IA 52537
Frequently Asked Questions
How much does it cost to rent a condo in Bloomfield, IA?
The median rent for a condo in Bloomfield, IA is $625 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Bloomfield, IA?
To comfortably afford the median rent in Bloomfield, IA, a household needs to earn roughly $28,480 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 $712 per month in Bloomfield, IA, renters typically need to show $2,136 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 Bloomfield, IA?
In Bloomfield, IA, the price-to-rent ratio is 18.1, 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.
