Cheap Apartments for Rent in Ottumwa, IA from $395 (70 Rentals)

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

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231 E Main St, Unit 201
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
3 Bedroom Apartment Available Oct 1

231 E Main St, Unit 201

231 E Main StOttumwa, IA 52501
  • Smoke Free
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Prairie Townhomes
1 to 4 Bedroom Apartments

Prairie Townhomes

1800 Schworm StOttumwa, IA 52501
  • Utilities Included
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • 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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Brickyard Apartments
1 to 2 Bedroom Apartments

Brickyard Apartments

420 Minneopa AveOttumwa, IA 52501
Corporate Housing
  • Utilities Included
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Asbury Heights
1 to 4 Bedroom Apartments

Asbury Heights

1321 Asbury AveOttumwa, IA 52501
  • Utilities Included

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.

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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Stella Townhomes
1 to 4 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
  • Utilities Included
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17 E Howard St
1 Bedroom Apartments

17 E Howard St

17 E Howard StColfax, IA 50054
  • 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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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
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Newton Park Apartments
1 to 2 Bedroom Apartments

Newton Park Apartments

1425 N 11th Ave ENewton, IA 50208
  • Utilities Included
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • 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.

Ottumwa, IA Local Guide

Cheapest Available Ottumwa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ottumwa, IA is a 2 Beds unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $470. 110 N Maple St in the Jasper County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Ottumwa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake2B1B2BR,1BA$470
110 N Maple St2-bedroom2BR,1BA$700
Woodland Heights1 Bed 1 Bath1BR,1BA$710
Orchard MeadowsB1 Classic2BR,1BA$750
Hotel Maytag Apartments1 bedroom A1BR,1BA$750
Northern Plains by KadingCottage - 22BR,1BA$795
Walnut Creek Apartments2 BD Legacy2BR,1BA$795
Spaulding LoftsA5 - Income Restricted1BR,1BA$800
Burbank Village ApartmentsA1 Classic1BR,1BA$850
Plant 1 LoftsA11BR,1BA$930

Best Value Apartments for Rent in Ottumwa, IA and Nearby

As of September 11, 2026 the best value apartment in the Ottumwa area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Ottumwa apartment is the 4 Bedroom-2 Bathroom Model at Hawks Ridge starting at $600 with a $0.47 price per square foot in the Cottage Hill neighborhood. Here is today’s list of the best values for Ottumwa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nemitz Hall2 Bedroom2BR,2BA$0.76
Hawks Ridge4 Bedroom-2 Bathroom4BR,2BA$0.47
Terrace View by KadingCottage - 33BR,2BA$1.04
Walnut PointeVilla3BR,1BA$1.03
Orchard MeadowsB1 Partially Renovated2BR,1BA$0.90
Walnut Creek Apartments2 BD Upgraded2BR,1BA$1.05
Northern Plains by KadingCottage - 22BR,1BA$0.94
Hotel Maytag Apartments1 bedroom A1BR,1BA$0.93
110 N Maple St2-bedroom2BR,1BA$0.88
The Reserves at South Lake1B1B1BR,1BA$0.61

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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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!

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Ottumwa, IA Area Reviews

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Rexanna4+ years in Ottumwa

February 25, 2025

Not much to choose from by way of restaurants unless you prefer fast food. Not much for teenagers to do for entertainment or anyone no matter what your age. Ottumwa roads will destroy your vehicle. Unfortunately our city is more interested in installing roundabouts and building grade schools. There is not much by way shopping here unless you like to shop at Walmart. Doesn't look like there is anything coming in the near future. We do have some lower paying jobs, very few decent paying jobs. Ottumwa could be a pretty decent place to live in if we'd get some new people running it, that care about Ottumwa instead of their own agenda. And last, get rid of the ban on certain breeds of dogs. This was obviously drafted by people who are ignorant on the breed and make decisions on "hype " and "hysteria" instead of learning the true facts about pitbull's. Ban stupid people not the breed! Ottumwa has a lot of learning and growing to do.

Frequently Asked Questions about Cheap Ottumwa Apartments

What is the Cheapest Studio apartment in Ottumwa?

Currently the most affordable Cheap Studio Apartment in Ottumwa is at Emera listed at $1,125.

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

The lowest price for a Cheap One Bedroom Ottumwa Apartment is $710 at Woodland Heights.

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

Today's best deal for a Cheap Two Bedroom Apartment in Ottumwa is starting from $470 at The Reserves at South Lake.

What is the most affordable Ottumwa Three Bedroom Apartment?

The best deal on a cheap Ottumwa Three Bedroom Apartment rental is at Walnut Pointe and starts from $1,040.

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.

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

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.