
Cheap Homes for Rent in Otley, IA from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Otley.


806 N Roche St

726 E 8th St N

1022 1st Ave W
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.

1713 Lyon St

110 S Conrey St

1305 E 26th St

2000 Meadow Ct
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.
Otley, IA Local Guide

How much does it cost to rent a home in Otley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otley 2 Bedroom Homes for Rent | $1,297 | $985 | $1,750 |
| Otley 3 Bedroom Homes for Rent | $1,762 | $1,045 | $2,950 |
| Otley 4 Bedroom Homes for Rent | $2,317 | $1,795 | $2,995 |
Browse Top Homes for Rent in Otley
Explore Otley
Otley, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Otley Apartments for Rent and Nearby
 The cheapest available apartment rental in Otley, IA is a 2 Beds unit found at 110 N Maple St priced from $700. Woodland Heights has the second lowest priced unit, which is a 1 Bed apartment currently listed from $710. Here is today’s list of the most affordable Otley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 110 N Maple St | 2-bedroom | 2BR,1BA | $700 |
| Woodland Heights | 1 Bed 1 Bath | 1BR,1BA | $710 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
Best Value Apartments for Rent in Otley, IA and Nearby
As of June 05, 2026 the best value apartment in the Otley area is the $1.05 price per square foot 3BR/2BA Model at Altoona Park Apartments in the in the Altoona Meadows neighborhood starting from $1,150. The second greatest value Otley apartment is the Villa Model at Walnut Pointe starting at $1,025 with a $1.02 price per square foot . Here is today’s list of the best values for Otley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
| Walnut Pointe | Villa | 3BR,1BA | $1.02 |
| Lincoln Ridge by Kading | Villa | 3BR,1BA | $1.10 |
| SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| Peterson Place Apartments | 770 BUILDING | 2BR,1BA | $1.11 |
| Southtown Apartments | B1 | 2BR,1BA | $0.94 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| 110 N Maple St | 2-bedroom | 2BR,1BA | $0.88 |
| Canterbury Park | Two Bedroom-One and One Half Bath | 2BR,1.5BA | $1.07 |
| 409 4th St NE | 2BR 1BA | 2BR,1BA | $1.08 |
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 ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Otley, IA Rentals by Map
See the most popular apartments and homes in Otley, IA
Frequently Asked Questions about Otley
What type of rentals are currently available in Otley?
There are currently 47 Apartments for Rent in Otley, IA with pricing that ranges from $652 to $3,324. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otley ranging from $850 to $2,995.
What is the current price range for Rental Homes in Otley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Otley ranges from $850 to $2,995 with an average monthly rent of $1,564.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.