Cheap Homes for Rent near Ottumwa, IA from $700 (9 Rentals)

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

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.

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.

Ottumwa, IA Local Guide

Cheapest Available Ottumwa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ottumwa, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Centerville Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Ottumwa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
Centerville Senior LoftsThe Dublin2BR,1BA$600
110 N Maple St2-bedroom2BR,1BA$700

Best Value Apartments for Rent in Ottumwa, IA and Nearby

As of July 28, 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 2 Bedroom 1 Bathroom - Large Model at THE ARBORS APARTMENTS starting at $859 with a $0.78 price per square foot in the East Gate Estates 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
THE ARBORS APARTMENTS2 Bedroom 1 Bathroom - Large2BR,1BA$0.78
Centerville Senior LoftsThe Dearborn2BR,1BA$0.83
Orchard MeadowsB1 Partially Renovated2BR,1BA$0.90
Southtown ApartmentsB12BR,1BA$0.95
Walnut Creek Apartments2 BD Legacy2BR,1BA$0.94
Northern Plains by KadingCottage - 22BR,1BA$0.94
Hotel Maytag Apartments1 bedroom A1BR,1BA$0.90
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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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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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 Ottumwa

What type of rentals are currently available in Ottumwa?

There are currently 69 Apartments for Rent in Ottumwa, IA with pricing that ranges from $575 to $2,200. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ottumwa ranging from $750 to $5,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ottumwa ranges from $750 to $5,800 with an average monthly rent of $3,021.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.