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Rental Market Trends

Oelwein, IA

As of April 2026, Oelwein's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Oelwein's average rent is 36.1% ($402) lower than the Iowa average of $1,114 and 60.2% ($1,076) lower than the U.S. average of $1,788.

Average Rent

$712

Monthly ChangeMonth Over Month Change

3.3% ($23)

Yearly ChangeYear Over Year Change

4.9% ($33)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$565	0.5% ($3)	3.7% ($20)
2 Beds	$660	0.2% ($1)	2.3% ($15)
3 Beds	$868	5.5% ($45)	12% ($93)

Nearby Cities	Average Rent	Avg. Rent vs. OelweinAverage Rent vs. Oelwein	Avg. Days on MarketAverage Days on Market
Independence	$1,336	87.6% ($624)	30 days
Waterloo	$1,032	44.9% ($320)	33 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Oelwein Rental Market FAQs

Explore rental prices, market trends, and availability in Oelwein, IA.

What is the average rent in Oelwein, IA?

The average rent in Oelwein, IA is $712 per month.

What is the rental price range for homes in Oelwein, IA?

Homes in Oelwein typically rent for between $600 and $1,128 per month, with an average of $712 per month.

What is the average rent for different bedroom sizes in Oelwein, IA?

In Oelwein, the average rent for a 1-bedroom home is $565 per month, for a 2-bedroom home, $660 per month, and a 3-bedroom home is $868 per month.

How do rent prices in Oelwein, IA compare with the national average?

The average rent in Oelwein is 60.2% ($1,076) lower than the national average of $1,788 per month.

How have rent prices in Oelwein, IA changed recently?

The average rent in Oelwein has increased by 3.3% ($23) in the last month and increased by 4.9% ($33) over the past year.

How competitive is the rental market in Oelwein, IA?

The rental market in Oelwein, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Oelwein, IA?

In Oelwein, IA, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Oelwein, IA?

There are currently 7 rental properties available in Oelwein, IA.

Can I afford to rent a home in Oelwein, IA?

Based on the current averages, a household would need an annual income of $26,400 to comfortably afford a 2-bedroom home in Oelwein.