Cheap Homes for Rent in Oelwein, IA from $500 (6 Rentals)

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

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.

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

Cheapest Neighborhoods for Apartments in Oelwein, IA

Pricing Updated: 05/31/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Hickory Hideaway$975$7508
Southlawn Court$975$7507

Cheapest Available Oelwein Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oelwein, IA is a 1 Bed unit found at Prairie Village of LaPorte City priced from $643. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Oelwein apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Russell LamsonStudioStudio,1BA$675
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$675

Best Value Apartments for Rent in Oelwein, IA and Nearby

As of May 31, 2025 the best value apartment in the Oelwein area is the $1.00 price per square foot Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments in the starting from $1,200. The second greatest value Oelwein apartment is the 2BR/2.0BA Model at West Brook 3 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.
Pineview Place ApartmentsBeautiful HUGE 3 Bedroom/2 Bath Apartment in Gr...3BR,2BA$1.00
West Brook 32BR/2.0BA2BR,2BA$1.10
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.10
Hawkeye Towers3/2.003BR,2BA$0.50
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Le Chateau2BR/1.5BA2BR,1.5BA$0.95
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.03
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
124 Earl St2BR/1.0BA2BR,1BA$1.13
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$1.11

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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Frequently Asked Questions about Oelwein

What type of rentals are currently available in Oelwein?

There are currently 48 Apartments for Rent in Oelwein, IA with pricing that ranges from $505 to $3,433. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oelwein ranging from $525 to $1,200.

What is the current price range for Rental Homes in Oelwein?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oelwein ranges from $525 to $1,200 with an average monthly rent of $849.

How much are larger Three and Four Bedroom Rentals in Oelwein?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oelwein range from $505 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $625 to $1,200. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $520.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.