Decorah, IA Condos for Rent

/5
$1,200 Per Month
- 2 Beds
- 1 Bath
- 1,600 Sq Ft
- Condo for Rent
305 W Water St Unit 3, Decorah, IA 52101

Property Id: 924128 Clean two bedroom on Water street downtown Decorah. Air conditioning, heat, laundry. Non-smoking, bedrooms carpeted with great closet space. Laminate floors in Kitchen and tile floors in bathroom. Parking available for extra fee. Pets allowed for extra fee. Tenant responsible for heat and electric.

305 W Water St Unit 3, Decorah, IA 52101
Explore Decorah
/3
$1,300 Per Month
- 2 Beds
- 1 Bath
- 790 Sq Ft
- Condo for Rent
1771 Old Stage Rd Unit 2, Decorah, IA 52101

Property Id: 2420224 This apartment building was completed in 2024 and features a kitchen island, quartz countertops, stainless steel appliances and a patio. There are no stairs in this main floor unit! Apartment includes a dishwasher and washer and dryer in the the unit. Water, trash, lawn care, and snow removal services are included in your rent! The apartment is conveniently

1771 Old Stage Rd Unit 2, Decorah, IA 52101
/7
$1,300 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
301 Leif Erikson Dr Unit 301A, Decorah, IA 52101

Property Id: 2163369 Utilities included: electric, heat, water, trash, lawncare. Snow removal is shared. Lower unit duplex in home on a quiet one-way street walking distance to Luther College, Dixie's Biergarten, Pulpit Rock Brewing Company, The Landing Market, Trout Run Trail, the Decorah Swimming Pool and many other local jewels. Includes two bedrooms, one bathroom with shower, new

301 Leif Erikson Dr Unit 301A, Decorah, IA 52101

Iowa Winneshiek County

Frequently Asked Questions

How much does it cost to rent a condo in Decorah, IA?

The median rent for a condo in Decorah, IA is $1,300 per month, though prices vary by neighborhood, size, and property type. As of September 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 Decorah, IA?

To comfortably afford the median rent in Decorah, IA, a household needs to earn roughly $56,000 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 $1,400 per month in Decorah, IA, renters typically need to show $4,200 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 Decorah, IA?

In Decorah, IA, the price-to-rent ratio is 18.2, 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.

Condo Rental Trends in Decorah, IA

There are currently 3 condos available for rent in Decorah, IA. The median rent is $1,300 per month, with 2-bedroom condos at $1,300.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $1,300
Median 2 Bedroom Condo Rent $1,300

How to Rent a Home

Condos for Rent by Price in Decorah

Decorah Condos for Rent under $1,500

Rentals in Decorah

Condos for Rent by Bedrooms in Decorah

2 Bedroom Condos for Rent in Decorah

More About Living in Decorah

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