Rent in Mason City, IA
Across Mason City's 2 ZIP codes, a 2-bedroom typically rents for about $921 a month, with figures from $915–$927. The highest typical rent is in 50402 ($927) and the lowest in 50401 ($915). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Cerro Gordo County pay about 1.45% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $707 | $670–$744 | 2 |
| 1 bed | $725 | $701–$749 | 2 |
| 2 beds | $921 | $915–$927 | 2 |
| 3 beds | $1,133 | $1,047–$1,218 | 2 |
| 4 beds | $1,266 | $1,047–$1,485 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Mason City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Mason City, IA?
- About $921 a month: the median of the typical rents in 2 ZIP codes, which range from $915–$927. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Mason City, IA?
- About $725 a month: the median of the typical rents in 2 ZIP codes, which range from $701–$749. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Mason City, IA?
- About $1,133 a month: the median of the typical rents in 2 ZIP codes, which range from $1,047–$1,218. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Mason City, IA?
- About $707 a month: the median of the typical rents in 2 ZIP codes, which range from $670–$744. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Mason City, IA?
- About $1,266 a month: the median of the typical rents in 2 ZIP codes, which range from $1,047–$1,485. Figures are gross rent (rent plus tenant-paid utilities).
- Which Mason City ZIP code has the highest rent?
- For a 2-bedroom, 50402 has the highest typical rent at $927 a month, and 50401 the lowest at $915.
- What is the property tax rate in Mason City, IA?
- Owner-occupied homes in Cerro Gordo County pay a typical 1.45% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Mason City rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).