Cheap Apartments for Rent in Oelwein, IA from $620 (55 Rentals)

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

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Oelwein Apartments
1 Bedroom Apartments

Oelwein Apartments

102 8th Ave NWOelwein, IA 50662
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707
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Westwood Apartments
2 Bedroom Apartments

Westwood Apartments

3270-3320 W 4th StWaterloo, IA 50701
  • Utilities Included

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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Elmcrest
2 Bedroom Apartments

Elmcrest

1706-1720 Waterloo RdCedar Falls, IA 50613
  • Utilities Included

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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Oelwein, IA Local Guide

Cheapest Neighborhoods for Apartments in Oelwein, IA

Pricing Updated: 09/08/2026

Current apartment rentals in the Oelwein, IA area range in price from $620 to $850 with an overall median price of $700. Here is today’s list neighborhoods with the lowest median pricing for Oelwein Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hickory Hideaway$700$6203
Southlawn Court$700$6203

Cheapest Available Oelwein Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oelwein, IA is a 1 Bed unit found at The Meadows Apartments in the Southlawn Court neighborhood priced from $620. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Oelwein apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$620
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$625
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Brookside ApartmentsOne-Bedroom at our Brookside Apartments1BR,1BA$650
228 Spaces2nd Floor StudioStudio,1BA$795
Union at North Crossing1 Bed 1 Bath1BR,1BA$800
University Manor1 BR/ 1 BA (Aug '25)1BR,1BA$815
Edgemont Park ApartmentsOne Bedroom Apartment With Balcony At Top Rated...1BR,1BA$895
Leavitt Park Apartments - Waterloo, IA***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ...2BR,1BA$920
Falls Edge StudiosStudio AStudio,1BA$950

Best Value Apartments for Rent in Oelwein, IA and Nearby

As of September 08, 2026 the best value apartment in the Oelwein area is the $0.46 price per square foot Private Bedroom in 4 Bed/2 Bath Student Apt Model at Elevate Apartments in the starting from $525. The second greatest value Oelwein apartment is the 2 BR/ 2 BA Model at 3714 Ravenwood Cir starting at $1,150 with a $1.10 price per square foot . Here is today’s list of the best values for Oelwein apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elevate ApartmentsPrivate Bedroom in 4 Bed/2 Bath Student Apt4BR,2BA$0.46
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.10
Prairie Rapids2bed/1bath2BR,1BA$1.15
Rolling Meadows Apartments3 bedroom/2bath3BR,2BA$0.96
West Brook ApartmentsBrand New 2 Bedroom/2 Bathroom Units at West Br...2BR,2BA$1.15
Pineview Place ApartmentsPrime Waterloo Living: 2-Bedroom / 1-Bath Apart...2BR,1BA$1.05
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.02
Union at North Crossing1 Bed 1 Bath1BR,1BA$1.16
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$1.02
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$1.03

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Best Local Schools in
Oelwein, IA

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

Explore Oelwein, IA Rentals by Map

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Frequently Asked Questions about Cheap Oelwein Apartments

What is the Cheapest Studio apartment in Oelwein?

Currently the most affordable Cheap Studio Apartment in Oelwein is at 228 Spaces listed at $795.

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

The lowest price for a Cheap One Bedroom Oelwein Apartment is $620 at The Meadows Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Oelwein is starting from $750 at The Meadows Apartments.

What is the most affordable Oelwein Three Bedroom Apartment?

The best deal on a cheap Oelwein Three Bedroom Apartment rental is at The Meadows Apartments and starts from $850.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.