3

Red Oak, IA Homes for Rent

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  • /7

    $650 Per Month

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

    1007 E Corning St Unit 1, Red Oak, IA 51566

    A Quiet Place to Come Home ToSome apartments just check boxes. This one feels like somewhere you actually want to be.The hardwood floors set the tone the moment you step inside. Warm, solid, and full of the kind of character that newer builds just don't have. This is a first floor one bedroom that is easy to live in and easy to love, with a layout that makes sense and a space that

    1007 E Corning St Unit 1, Red Oak, IA 51566
  • /6

    $600 Per Month

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

    215 S 2nd St Unit 4, Red Oak, IA 51566

    Light, Space, and a Yard You Will Actually UseTwo bedrooms. Natural light that fills the rooms. A real yard outside your door. Some apartments make you feel like you are just passing through. This one feels like you belong there.This second floor two bedroom one bath apartment sits in one of Red Oak's quiet residential neighborhoods. The natural light is one of the first things

    215 S 2nd St Unit 4, Red Oak, IA 51566
  • /6

    $550 Per Month

    • 1 Bed
    • 1 Bath
    • 656 Sq Ft
    • 200 E Joy-3

    200 E Joy St Unit 3, Red Oak, IA 51566

    This charming 1-bed apartment blends comfort, character, and affordability in one clean package. The hardwood floors give the space a warm, classic feel, and the oversized walk-in closet offers the kind of storage you don't normally find at this price point. The kitchen comes equipped with a refrigerator and stove/oven, making it easy to move right in and get settled. The layout is practical and

    200 E Joy St Unit 3, Red Oak, IA 51566

Why Live in Red Oak

Red Oak was first established as a railroad hub in southwest Iowa, about 50 miles from Council Bluffs and Omaha, Nebraska. Today, agriculture and neighborly vibes nourish the roots of the small city, which is home to about 5,500 residents. ...

Frequently Asked Questions

How much does it cost to rent a home in Red Oak, IA?
The median rent for a home in Red Oak, IA is $625 per month, though prices vary by neighborhood, size, and property type. As of May 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 Red Oak, IA?
To comfortably afford the median rent in Red Oak, IA, a household needs to earn roughly $25,000 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 $625 per month in Red Oak, IA, renters typically need to show $1,875 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 Red Oak, IA?
In Red Oak, IA, the price-to-rent ratio is 18.7, 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 Red Oak, IA

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$625
Median Single Family Home Rent
$875
Median Condo Rent
$600
How to Rent a Home