Davenport, IA Rental Market
Davenport is part of the Quad Cities metro (with Rock Island, Moline, and East Moline across the Mississippi River in Illinois), creating a cross-state regional economy anchored by John Deere, Genesis Health System, and a cluster of advanced manufacturers. The Mississippi riverfront, low home values, and strong industrial employment base make Davenport an accessible entry point for Midwest rental investors seeking high gross yields.
Get a rent estimate for an address in DavenportAverage Rent in Davenport, IA
$970
per month · 2026-06
Market Score
Key Facts — Davenport, IA Rental Market
- Average rent in Davenport, IA:$970/mo
- Median rent:$892/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$850/mo
- Active listings:520
- Avg days to lease:35 days
- Year-over-year change:+2.5%
- Median home value:$160,000
- Est. gross annual yield:7.3%
- Data as of:2026-06
Rent by Bedroom in Davenport, IA
Average monthly rent for each bedroom type based on current active listings in Davenport.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $850/mo |
3 Bedrooms | $1,075/mo |
4 Bedrooms | $1,325/mo |
5 Bedrooms | $1,525/mo |
Davenport Rental Market Statistics
Key indicators from the current Davenport, IA rental market.
520
Available now in Davenport
35
From list to lease
$0.78
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Davenport, IA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$160,000
Typical purchase price in Davenport
Est. Gross Annual Yield
7.3%
Before expenses & vacancy
Avg Monthly Income
$970
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Davenport for a full cash-flow breakdown including all costs.
Davenport, IA Rental Market FAQ
Common questions about renting and investing in Davenport, IA.
What is the average rent in Davenport, IA?
The average rent in Davenport, IA is $970 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $850/mo, and three-bedroom homes $1,075/mo. Davenport's rents are among the lowest of any Iowa city in our coverage.
Is Davenport, IA a good place to invest in rental property?
Davenport offers a 7.3% estimated gross annual yield with very low acquisition costs (~$160,000 median). John Deere's major manufacturing presence and the broader Quad Cities industrial base provide employment-anchored demand. Best suited for value investors comfortable with the cross-state Quad Cities market dynamics.
How competitive is the Davenport, IA rental market?
Davenport averages 35 days on market with approximately 520 active listings. The market is moderately paced, with properties near Genesis Health and the John Deere administrative campus leasing faster. The riverfront and downtown neighborhoods attract a younger renter demographic.
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