Cheap Homes for Rent in Wellman, IA from $500 (11 Rentals)

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

property at 209 5th St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

2 Bedroom, 1 Bath Home for Rent

Available Aug 5

209 5th St

WellmanIA52356
property at 505 5th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Aug 5

505 5th St

WellmanIA52356

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.

property at 901 8th Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Aug 4

901 8th Ave

WellmanIA52356

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.

Wellman, IA Local Guide

Cheapest Available Wellman Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wellman, IA is a Studio unit found at 1165 S Riverside Dr in the Cottage Hill neighborhood priced from $990. 808 on 5th in the Coralview Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here is today’s list of the most affordable Wellman apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1165 S Riverside DrStudio - TwinStudio,1BA$990
808 on 5thStudioStudio,1BA$995
Riverfront CrossingsStudioStudio,1BA$995
Willow Ridge Apartments2 Beds, 1 bath2BR,1BA$1,200
Village PointeVillage Pointe Income Rate2BR,1BA$1,250

Best Value Apartments for Rent in Wellman, IA and Nearby

As of July 26, 2026 the best value apartment in the Wellman area is the $0.88 price per square foot 4 bedroom 4 bath Model at 630 S Capitol in the in the Cottage Hill neighborhood starting from $1,365. The second greatest value Wellman apartment is the Village Pointe Income Rate Model at Village Pointe starting at $1,250 with a $1.32 price per square foot in the Old Mill Creek neighborhood. Here is today’s list of the best values for Wellman apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
630 S Capitol4 bedroom 4 bath4BR,4BA$0.88
Village PointeVillage Pointe Income Rate2BR,1BA$1.32
1032 Newton Rd21BR,1BA$2.03
808 on 5th424 S1BR,1BA$1.75
ReplayA41BR,1BA$3.30
IA City LoftsFirst Floor UnitsStudio ,1BA$2.23
Riverfront CrossingsStudioStudio ,1BA$1.99
1165 S Riverside DrStudio - TwinStudio ,1BA$3.96

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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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Wellman

What type of rentals are currently available in Wellman?

There are currently 48 Apartments for Rent in Wellman, IA with pricing that ranges from $780 to $3,300. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wellman ranging from $850 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wellman ranges from $850 to $4,000 with an average monthly rent of $2,403.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wellman range from $1,099 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,050 to $2,350. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $1,800.

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.