Cheap Apartments for Rent in Oakland, IA from $500 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oakland.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Oakland, IA Local Guide

Cheapest Available Oakland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oakland, IA is a 1 Bed unit found at Red Oak 48-Unit (City View Apartments) priced from $695. Westwood Apartments in the Old Market neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $785. Here is today’s list of the most affordable Oakland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$695
Westwood Apartments2 BD2BR,1BA$785
Regency Villa of Atlantic1 Bedroom1BR,1BA$799
Timbercrest1Bed 1Bath1BR,1BA$800
Loess Hills Estates Affordable Senior HousingStudioStudio,1BA$871
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
Dahlman Flats1 Bed, 1 Bath - 556 SF1BR,1BA$891
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
NoDoBillyStudio,1BA$900

Best Value Apartments for Rent in Oakland, IA and Nearby

As of April 29, 2026 the best value apartment in the Oakland area is the $1.00 price per square foot Two Bed - Upcoming Availability Model at Burr Oaks Place in the starting from $1,246. The second greatest value Oakland apartment is the 2 Bedroom 2 Bathroom Model at Old Market Lofts starting at $1,318 with a $1.13 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Oakland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Burr Oaks PlaceTwo Bed - Upcoming Availability2BR,1BA$1.00
Old Market Lofts2 Bedroom 2 Bathroom2BR,2BA$1.13
Westwood Apartments2 BD2BR,1BA$0.75
CopperCreek2 Bed, 1 Bath - 1032 SF2BR,1BA$1.26
RiverEastTwo Bedroom2BR,1BA$1.08
Cottonwood Apartments2X1S2BR,1BA$1.07
The BluffsTwo Bedroom 2nd Floor2BR,1BA$1.05
Timbercrest1Bed 1Bath1BR,1BA$1.07
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$1.22

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oakland, IA Rentals by Map

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See the most popular apartments and homes in Oakland, IA

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Frequently Asked Questions about Cheap Oakland Apartments

What is the Cheapest Studio apartment in Oakland?

Currently the most affordable Cheap Studio Apartment in Oakland is at Loess Hills Estates Affordable Senior Housing listed at $871.

How much is rent for a Cheap One Bedroom Oakland Apartment?

The lowest price for a Cheap One Bedroom Oakland Apartment is $695 at Red Oak 48-Unit (City View Apartments).

What is the lowest price for a Cheap Two Bedroom Oakland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oakland is starting from $785 at Westwood Apartments.

What is the most affordable Oakland Three Bedroom Apartment?

The best deal on a cheap Oakland Three Bedroom Apartment rental is at 3633 Avenue A and starts from $1,050.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.