Rent in Underwood, IA
A 2-bedroom in Underwood, IA (ZIP 51576) typically rents for about $1,085 a month, with a range of $1,000–$1,170. Owner-occupied homes in Pottawattamie County pay about 1.57% 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 | $940 | $940–$1,167 | 1 |
| 1 bed | $980 | $980–$1,219 | 1 |
| 2 beds | $1,085 | $1,000–$1,170 | 1 |
| 3 beds | $1,333 | $1,115–$1,550 | 1 |
| 4 beds | $1,760 | $1,760–$2,179 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Underwood ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Underwood, IA?
- About $1,085 a month: the median of the typical rents in 1 ZIP code, which range from $1,000–$1,170. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Underwood, IA?
- About $980 a month: the median of the typical rents in 1 ZIP code, which range from $980–$1,219. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Underwood, IA?
- About $1,333 a month: the median of the typical rents in 1 ZIP code, which range from $1,115–$1,550. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Underwood, IA?
- About $940 a month: the median of the typical rents in 1 ZIP code, which range from $940–$1,167. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Underwood, IA?
- About $1,760 a month: the median of the typical rents in 1 ZIP code, which range from $1,760–$2,179. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Underwood, IA?
- Owner-occupied homes in Pottawattamie County pay a typical 1.57% 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 Underwood rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).