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Rental Market Trends in Red Oak, IA

What is the average rent in Red Oak, IA?

$611/month

Average Rent

196 Sq Ft

Average Apartment Size

+1.7%

Increase in the Last Year

As of November 2025, the average rent in Red Oak, IA is $611 per month. This is 63% lower than the national average rent of $1,630/month, making renting in Red Oak more affordable than most cities in the US. When you rent an apartment in Red Oak, you can expect to pay about per month for a studio, $611 for a one-bedroom apartment, and around $774 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $875 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$611/month
196 Sq Ft
Two Bedroom
$774/month
542 Sq Ft
Three Bedroom
$875/month
1,012 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Red Oak, IA?

In the past year, rent has increased by 1.7%, which averages out to $11 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Red Oak, IA?

Because the average rent in Red Oak is $611, you’ll want to make about $2,036 per month or $24,432 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Red Oak, IA

5 Available Apartments for Rent

Search for Nearby Apartments

How does Red Oak, IA compare to other nearby cities and neighborhoods?

Use the tool below to compare Red Oak, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment communities in Red Oak we think you'll love

1007 E Corning St

1007 E Corning St

1007 E Corning St,
Red Oak, IA 51566

$550

1 Bed

105 W Grimes St

105 W Grimes St

105 W Grimes St,
Red Oak, IA 51566

$800

3 Beds

702 N 6th

702 N 6th

702 N 6th,
Red Oak, IA 51566

$900

4 Beds

400 E Coolbaugh St

400 E Coolbaugh St

400 E Coolbaugh St,
Red Oak, IA 51566

$675

1 Bed

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United States Iowa Red Oak Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity