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Studio Apartment for Rent in Newton, IA

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    Starting at $725 Per Month

    • Studio - 2 Beds

    105 N 2nd Ave E, Newton, IA 50208

    Historical property located in Downtown Newton. Apartments are all equip with stainless steel appliances (stove, refrigerator, microwave, dishwasher) There is a stack washer and dryer in every apartment. Large windows thru out the apartments that provide a abundance of natural light. Storage units available with every apartment. Parking provided with every apartment. Grocery store is within

    Hotel Maytag Apartments

    (515) 497-7913

    105 N 2nd Ave E, Newton, IA 50208

Why Live in Newton

Newton, Iowa, located 34 miles east of Des Moines, is a small town with a rich history and diverse economy. Originally a coal mining town, Newton transitioned to manufacturing in the 20th century, largely thanks to the Maytag Corporation. Although Maytag left in 2007, Newton has successfully diversified its economy with companies like TPI Composites, which manufactures wind turbine blades. The town features a mix of centrally located bungalows, traditional-style homes, midcentury ranch-style and split-level homes, and larger homes built in the 2000s. The Newton Housing Initiative encourages new home developments with cash incentives. The city has five parks, including Maytag Park, which hosts the public pool and Fred Maytag Bowl. Other attractions include Westwood Golf Course, Newton Arboretum & Botanical Gardens, and Iowa Speedway for Nascar and IndyCar races. The downtown area, anchored by the Jasper County Courthouse, offers various pubs, restaurants, and bars. Newton Community School District serves the city, and Des Moines Area Community College has a branch at Legacy Plaza. Commuters can reach Des Moines in about 34 miles via Interstate 80, and Des Moines International Airport is 40 miles away. Crime rates in Newton are lower than the national average, with property crimes decreasing by 41% between 2019 and 2023. The town also has emergency preparedness measures, including monthly siren tests and storm spotter training.

Frequently Asked Questions

How much does it cost to rent a home in Newton, IA?
The median rent for a home in Newton, IA is $980 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Newton, IA?
To comfortably afford the median rent in Newton, IA, a household needs to earn roughly $39,200 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $980 per month in Newton, IA, renters typically need to show $2,940 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Newton, IA?
In Newton, IA, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Newton, IA

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$980
Median Single Family Home Rent
$975
Median Condo Rent
$985
How to Rent a Home