Waukee, Iowa Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Waukee, Iowa rental market.

Waukee, Iowa

Average Apartment Rent

$1,426

Y-o-Y Change in Average
Apartment Rent

0.6%

As of March 2026

Compared to a year ago, Waukee, Iowa apartments have recorded a 0.6% rent increase.

Waukee, Iowa Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Waukee $1,354 $1,363 $1,392 $1,402 $1,401 $1,397 $1,375 $1,390 $1,426
National $1,735 $1,724 $1,729 $1,750 $1,743 $1,749 $1,763 $1,749 $1,750
Waukee
National
Jul 2023
$1,354
$1,735
Nov 2023
$1,363
$1,724
Mar 2024
$1,392
$1,729
Jul 2024
$1,402
$1,750
Nov 2024
$1,401
$1,743
Mar 2025
$1,397
$1,749
Jul 2025
$1,375
$1,763
Nov 2025
$1,390
$1,749
Mar 2026
$1,426
$1,750

Waukee, Iowa Average Apartment Rent

Waukee, Iowa Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 54.4%, apartments priced $1,000 - $1,500 represent the bulk of Waukee, Iowa rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.76%.

Waukee, Iowa Housing tenure**

Renter occupied housing units 2,912
Owner occupied housing units 7,012

Renters take up 29% of Waukee, Iowa real estate, occupying a total of 2,912 units, while homeowners live in 7,012 properties.

Median number of rooms of renter-occupied housing units**

3.8

Renter median household income**

$61,147

Average household size of renter-occupied housing units**

1.93

Rental vacancy rate**

8.1%

Waukee, Iowa Renter-occupied housing units by no. of bedrooms**

No bedrooms 95
1 bed 778
2 beds 1,457
3 beds 453
4 beds 118

There are 1,457 rentals in Waukee, Iowa with 2 beds making up the highest share of the market, at 50%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 95 units. Overall, the median number of rooms in Waukee, Iowa homes for rent is 3.8.

Waukee, Iowa Renter-occupied units by age of householder**

15 - 24 years 474
25 - 34 years 973
35 - 44 years 298
45 - 54 years 357
55 - 59 years 139
60 - 64 years 115
65 - 74 years 201
75 - 84 years 206
85 years and over 149

Most condos for rent in Waukee, Iowa are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 15 - 24 years age group (16%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.

Waukee, Iowa Renter-occupied housing units by family type**

Family households 1,009
Non-Family Households 1,903

Waukee, Iowa Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 580
No related children of the householder under 18 2,332

A total of 1,009 apartments for rent in Waukee, Iowa, or 35% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 580 units. All in all, the median size of a renter-occupied household in Waukee, Iowa is 1.93.

Waukee, Iowa Renter-occupied housing units by educational attainment**

Less than high school graduate 78
High school graduate (including equivalency) 554
Some college or associate's degree 1,226
Bachelor's degree or higher 1,054

In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Waukee, Iowa.

Waukee, Iowa Renter-occupied units by year structure built**

Built 2020 or later 174
Built 2010 - 2019 1,678
Built 2000 - 2009 538
Built 1990 - 1999 195
Built 1980 - 1989 76
Built 1970 - 1979 126
Built 1960 - 1969 31
Built 1950 - 1959 85

The highest share of Waukee, Iowa apartment rentals, namely 58% or 1,678 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (18%, 538 units), and the ones Built 1990 - 1999 (7%, 195 units).

Waukee, Iowa Renter-occupied units by year householder moved in**

Moved in 2021 or later 467
Moved in 2018 to 2020 1,552
Moved in 2010 to 2017 742
Moved in 2000 to 2009 138

Waukee, Iowa Renter-occupied housing units by vehicles available**

No vehicle available 253
1 vehicle available 1,371
2 vehicles available 998
3 vehicles available 236
4 or more vehicles available 54

When it comes to transportation options, 47% of Waukee, Iowa renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 9% have No vehicle available.

Waukee, Iowa Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,709
Car, truck, or van - carpooled 387
Taxicab, motorcycle, bicycle, or other means 78
Worked at home 209

Waukee, Iowa Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 3,671
Moved within same county 768
Moved from different county within same state 806
Moved from different state 302
Moved from abroad 46

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Waukee, Iowa apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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