
Cheap Apartments for Rent in Oelwein, IA from $400 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Oelwein.


9 N Frederick Ave

410 13th Ave NW

Oelwein Apartments

1 1st St SE

27 2nd Ave SE

Meadow Ridge Apartments
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.

Prairie Village of LaPorte City

1106-1110 Kent Circle

University Manor

228 Spaces - Furnished Micro-Living Apartments

Falls Edge Studios

Union at North Crossing

131 S Vine St
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.

313 Dearborn Ave

419 Ankeny St

1503 Franklin St

251 Madison St

119 Irving St

Russell Lamson

5900 Osage Rd
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.

1224-1282 W Mullan Ave

124 Earl St

1150 Home Park Blvd

1637 Carriage Hill

407 Linden Ave

429 Anthony St

The Preserve at Crossroads
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.
Oelwein, IA Local Guide

How much does it cost to rent an apartment in Oelwein?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oelwein Studio Apartments | $986 | $785 | $1,450 |
| Oelwein 1 Bedroom Apartments | $1,182 | $600 | $1,800 |
| Oelwein 2 Bedroom Apartments | $1,353 | $650 | $2,100 |
| Oelwein 3 Bedroom Apartments | $1,270 | $850 | $1,900 |
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Oelwein, IA Local Guide
- Oelwein Neighborhoods
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Cheapest Neighborhoods for Apartments in Oelwein, IA
Pricing Updated: 03/07/2026Current apartment rentals in the Oelwein, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Oelwein Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Hickory Hideaway | $850 | $600 | 6 |
| Southlawn Court | $850 | $600 | 5 |
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 $600. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $600 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $643 |
| 1106-1110 Kent Circle | Kent Circle 1 Bed/1 Bath | 1BR,1BA | $760 |
| University Manor | 1 BR/ 1 BA (NOW ) | 1BR,1BA | $770 |
| Falls Edge Studios | Studio B | Studio,1BA | $795 |
| 228 Spaces - Furnished Micro-Living Apartments | 2nd Floor Studio | Studio,1BA | $795 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $800 |
| Le Chateau | 2BR/1.5BA | 2BR,1BA | $850 |
Best Value Apartments for Rent in Oelwein, IA and Nearby
As of March 08, 2026 the best value apartment in the Oelwein area is the $1.09 price per square foot 3X1.5 Coffee Cupboards, Stainless, New LVP Thro... Model at Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms in the starting from $1,200. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms | 3X1.5 Coffee Cupboards, Stainless, New LVP Thro... | 3BR,1.5BA | $1.09 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| West Brook Apartments | Brand New 2 Bedroom/2 Bathroom Units at West Br... | 2BR,2BA | $1.15 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.90 |
| 1297 S Frederick Ave, Unit 1 | 1297 S Frederick Ave | 2BR,1BA | $1.06 |
| Legacy Manor of Waterloo - 55+ Living | 1 bedroom | 1BR,1BA | $1.16 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $1.16 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $1.00 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Oelwein, IA
Wings Park Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 - Furnished Micro-Living Apartments 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 $600 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 $700 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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.