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Oelwein, IA Condos for Rent

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  • 410 13th Ave NW Unit 16, Oelwein, IA 50662
    410 13th Ave NW Unit 16, Oelwein, IA 50662
    410 13th Ave NW Unit 16, Oelwein, IA 50662
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    $700 Per Month

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • 1 Bedroom |1 Bathroom 1st Floor Unit in Oelwein Available in RIGHT NOW!

    410 13th Ave NW Unit 16, Oelwein, IA 50662

    This 1-bedroom, 1-bathroom apartment is on the 1st floor of the apartment complex with a walk out patio, a spacious walk-in closet in the master bedroom, carpet throughout,

    410 13th Ave NW Unit 16, Oelwein, IA 50662
  • 18 S Frederick Ave Unit Ste A, Oelwein, IA 50662
    18 S Frederick Ave Unit Ste A, Oelwein, IA 50662
    18 S Frederick Ave Unit Ste A, Oelwein, IA 50662
    /9

    $775 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    18 S Frederick Ave Unit Ste A, Oelwein, IA 50662

    Bright two-bedroom, one-bath apartment in downtown Oelwein with an open floor layout and abundant natural light throughout. The kitchen features stainless steel appliances and the unit includes an exposed brick wall in the bedroom that adds character. Off-street parking provided in a dedicated lot. Cats are permitted with an approved application and one-time fee. Convenient downtown location

    18 S Frederick Ave Unit Ste A, Oelwein, IA 50662
Iowa Fayette County

Condos for Rent in Oelwein, IA

Frequently Asked Questions

How much does it cost to rent a condo in Oelwein, IA?
The median rent for a condo in Oelwein, IA is $775 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Oelwein, IA?
To comfortably afford the median rent in Oelwein, IA, a household needs to earn roughly $37,000 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 $925 per month in Oelwein, IA, renters typically need to show $2,775 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 Oelwein, IA?
In Oelwein, IA, the price-to-rent ratio is 12.2, 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.

Condo Rental Trends in Oelwein, IA

There are currently 2 condos available for rent in Oelwein, IA. The median rent is $775 per month, with 1-bedroom condos renting at $700 and 2-bedroom condos at $785.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$775
Median 1 Bedroom Condo Rent
$700
Median 2 Bedroom Condo Rent
$785
How to Rent a Home

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