$1,350
Total Monthly Price
- 2 Beds
- 2 Baths
- 980 Sq Ft
- Condo for Rent
1275 Alexander Way Unit 203, North Liberty, IA 52317
Well maintained, spacious units in a secure building. Privately owned and managed.
Frequently Asked Questions
How much does it cost to rent a condo in North Liberty, IA?
The median rent for a condo in North Liberty, IA is $1,600 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in North Liberty, IA?
To comfortably afford the median rent in North Liberty, IA, a household needs to earn roughly $59,000 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 $1,475 per month in North Liberty, IA, renters typically need to show $4,425 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 North Liberty, IA?
In North Liberty, IA, the price-to-rent ratio is 18.6, 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.
