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Newest Homes for Rent in Ottumwa, IA

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  • 211 E 2nd St Unit 203, Ottumwa, IA 52501
    211 E 2nd St Unit 203, Ottumwa, IA 52501
    211 E 2nd St Unit 203, Ottumwa, IA 52501
    /21

    $1,100

    Total Monthly Price

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

    211 E 2nd St Unit 203, Ottumwa, IA 52501

    Downtown Lofts for Rent- THIS UNIT HAS ON SITE PARKING AND CAN BE ACCESSED WITHOUT STEPS. Newer upper story two bedroom/one bath loft located in The Upstairs Downtown District in Ottumwa, Iowa! Gorgeous unit with newer appliances, beautiful craftsmanship, tall ceilings and walk in closet. Join the downtown! $1,100/month plus deposit on one year lease. There is a $50 discount for ACH

    211 E 2nd St Unit 203, Ottumwa, IA 52501
  • 420 Minneopa Ave, Ottumwa, IA 52501
    420 Minneopa Ave, Ottumwa, IA 52501
    420 Minneopa Ave, Ottumwa, IA 52501
    /16

    Starting at $1,150 Per Month

    • 2 Beds

    420 Minneopa Ave, Ottumwa, IA 52501

    Discover Brickyard Apartments, Ottumwa's premier apartment complex. **This newly constructed** family-run property features seven high-quality, upscale residences, with six units offering two-bedrooms, one-bathroom and one unit offering a one-bedroom and one office/den. All units have an open floor plan and are designed to provide both comfort and sophisticated style, showcasing modern eat-in

    Brickyard Apartments

    420 Minneopa Ave, Ottumwa, IA 52501
  • 4 Weaver Dr, Ottumwa, IA 52501
    4 Weaver Dr, Ottumwa, IA 52501
    4 Weaver Dr, Ottumwa, IA 52501
    /8

    $1,700

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,300 Sq Ft
    • Townhouse for Rent

    4 Weaver Dr, Ottumwa, IA 52501

    Nice area close to Indian Hills Community College. Gas, electric and water are responsibly of tenant. Central air, stove, refrigerator, dishwasher and microwave provided. Laundry hookups available. 1 car garage. 1 story.

    4 Weaver Dr, Ottumwa, IA 52501
  • 312 N Marion St Unit 3, Ottumwa, IA 52501
    312 N Marion St Unit 3, Ottumwa, IA 52501
    312 N Marion St Unit 3, Ottumwa, IA 52501
    /8

    $575

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    312 N Marion St Unit 3, Ottumwa, IA 52501

    312 N Marion St Unit 3, Ottumwa, IA 52501
  • 312 N Marion St Unit 3, Ottumwa, IA 52501
    312 N Marion St Unit 3, Ottumwa, IA 52501
    312 N Marion St Unit 3, Ottumwa, IA 52501
    /8

    $575

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    312 N Marion St Unit 3, Ottumwa, IA 52501

    312 N Marion St Unit 3, Ottumwa, IA 52501
  • 530 Frank St, Ottumwa, IA 52501
    530 Frank St, Ottumwa, IA 52501
    530 Frank St, Ottumwa, IA 52501
    /20

    Call for Price

    • Studio - 3 Beds

    530 Frank St, Ottumwa, IA 52501

    Cable, water, sewer, heat, and trash included! Flexible lease options. Balconies and patios plus open floor plans. Manager and maintenance on-site. Surrounded by luxurious spaces, sunlight, and wonderful views. You'll find unlimited possibilities to reflect your lifestyle. No Smoking in apartments.

    Ottumwa Heights Apartments

    530 Frank St, Ottumwa, IA 52501
Iowa Wapello County

Newest Homes for Rent in Ottumwa, IA

Frequently Asked Questions

How much does it cost to rent a home in Ottumwa, IA?
The median rent for a home in Ottumwa, IA is $1,012 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Ottumwa, IA?
To comfortably afford the median rent in Ottumwa, IA, a household needs to earn roughly $40,480 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 $1,012 per month in Ottumwa, IA, renters typically need to show $3,036 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 Ottumwa, IA?
In Ottumwa, IA, the price-to-rent ratio is 11.5, 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 Trends in Ottumwa, IA

There are currently 6 homes available for rent in Ottumwa, IA. The median rent is $1,012 per month, with single-family homes renting at $1,063, townhouses at $1,700 and condos at $600.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$1,012
Median Single Family Home Rent
$1,063
Median Townhouse Rent
$1,700
Median Condo Rent
$600
How to Rent a Home

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