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Newest Homes for Rent in Oelwein, IA

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  • /19

    $995 Per Month

    • 3 Beds
    • 1 Bath
    • 1,248 Sq Ft
    • House for Rent

    310 N Frederick Ave, Oelwein, IA 50662

    Newly remodeled 3-bedroom, 1-bath home in Oelwein, IA featuring a large front porch and an upstairs balcony/sunroom. The property includes a single-stall attached garage and a full unfinished basement that offers flexible storage or finishing options. Pets are permitted with an additional application and fee. Situated close to downtown for convenient access to local shops and services.You

    310 N Frederick Ave, Oelwein, IA 50662
  • /7

    $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
  • /11

    $1,000 Per Month

    • 3 Beds
    • 1 Bath
    • 2,469 Sq Ft
    • House for Rent

    714 2nd Ave NW, Oelwein, IA 50662

    Spacious 3-Bedroom Home with 2-Stall Detached GarageThis cozy and well-kept two-story home is full of character and ready for you to move in! Featuring a spacious front porch, classic architecture, and a fenced front yard perfect for gardening or relaxing outdoors.Interior Highlights:Fresh, clean space with modern laminate flooringBright and open living area with

    714 2nd Ave NW, 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
  • /10

    $1,100 Per Month

    • 4 Beds
    • 1.5 Baths
    • House for Rent

    110 1st St NW, Oelwein, IA 50662

    Spacious and well-maintained home located in a convenient Oelwein neighborhood! This charming property offers plenty of living space, beautiful natural light, and features that make it a great place to call home.Home Features:Spacious bedrooms with ample closet spaceLarge kitchen with plenty of cabinet and counter spaceWasher and dryer includedRefrigerator and stove

    110 1st St NW, Oelwein, IA 50662
  • /10

    $900 Per Month

    • 2 Beds
    • 1 Bath
    • 902 Sq Ft
    • House for Rent

    12 6th Ave NE, Oelwein, IA 50662

    Charming 2 bedroom, 1 bathroom with attached garage at 12 6th Ave NE, Oelwein, IA 50662Has washer and dryer in unit.Large back yard and side yard.No central cooling but does have air conditioning unit in home.Has a cool built in chalk board too!We provide Fridge and Stove!The house is expected to be ready for showings next month. We are currently accepting requests

    12 6th Ave NE, Oelwein, IA 50662
  • /20

    Starting at $620 Per Month

    • 1 - 3 Beds

    400 13th Ave NW, Oelwein, IA 50662

    Welcome to Oelwein, Iowa!The Meadows Apartments are located in a quaint town of Northeast Iowa loaded with charm and character. Enjoy small town living with all conveniences, an easy commute to Waterloo. The Meadows apartment complex boasts spacious units, each with a balcony or patio, up-to-date finishes, laundry facilities in building, garage parking, and open landscaped

    The Meadows Apartments

    400 13th Ave NW, Oelwein, IA 50662

Frequently Asked Questions

How much does it cost to rent a home in Oelwein, IA?
The median rent for a home in Oelwein, IA is $900 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 $36,000 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 $900 per month in Oelwein, IA, renters typically need to show $2,700 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 12.5, 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

Number of Homes for Rent
7
Median Rent
$900
Median Single Family Home Rent
$998
Median Condo Rent
$775
How to Rent a Home