Cheap Apartments for Rent in Otley, IA from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Otley.

206 N Madison St

Hotel Maytag Apartments

303 S Madison St

Newton Park Apartments

East Park Apartments

610 N Buxton St

702 S Roche St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

124 S 2nd St

413 N Sherman St
Otley, IA Local Guide

How much does it cost to rent an apartment in Otley?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Otley Studio Apartments | $782 | $650 | $915 |
Otley 1 Bedroom Apartments | $1,266 | $550 | $2,508 |
Otley 2 Bedroom Apartments | $1,262 | $695 | $3,120 |
Otley 3 Bedroom Apartments | $1,329 | $825 | $3,208 |
Browse Top Apartments in Otley
See all Apartments in OtleyExplore Otley
Otley, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Otley Apartments for Rent and Nearby
 The cheapest available apartment rental in Otley, IA is a Studio unit found at Hotel Maytag Apartments priced from $650. Newton Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $676. Here is today’s list of the most affordable Otley apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hotel Maytag Apartments | Studio | Studio,1BA | $650 |
Newton Park Apartments | 1BR - 30% Gross Income | 1BR,1BA | $676 |
Woodland Heights | 1 Bed 1 Bath | 1BR,1BA | $685 |
Hunters Run | B2 | 2BR,1BA | $695 |
East Park Apartments | 1/2 Story Down | 2BR,1BA | $750 |
Best Value Apartments for Rent in Otley, IA and Nearby
As of April 25, 2025 the best value apartment in the Otley area is the $1.05 price per square foot 3BR/2BA Model at Altoona Park Apartments in the in the Altoona Meadows neighborhood starting from $1,150. The second greatest value Otley apartment is the Sign a 13 Month Lease, Get the 13th Month Free! Model at Lincoln Ridge by Kading starting at $1,150 with a $1.14 price per square foot in the Easton Park neighborhood. Here is today’s list of the best values for Otley apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
Lincoln Ridge by Kading | Sign a 13 Month Lease, Get the 13th Month Free! | 3BR,1BA | $1.14 |
Peterson Place Apartments | 772 BUILDING | 2BR,1BA | $0.99 |
Walnut Creek Apartments | 2 BD Classic | 2BR,1BA | $1.00 |
Hunters Run | B2 | 2BR,1BA | $0.82 |
SUNDANCE NEWTON APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.97 |
Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Newton Park Apartments | 2BR - 30% Gross Income | 2BR,1BA | $1.20 |
Prairie Village Apartments | 1BR/1.0BA | 1BR,1BA | $1.24 |
Hotel Maytag Apartments | Studio | Studio ,1BA | $1.16 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Otley, IA Rentals by Map
See the most popular apartments and homes in Otley, IA
Frequently Asked Questions about Cheap Otley Apartments
How much is rent for a Cheap One Bedroom Otley Apartment?
The lowest price for a Cheap One Bedroom Otley Apartment is $676 at Newton Park Apartments.
What is the lowest price for a Cheap Two Bedroom Otley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Otley is starting from $695 at Hunters Run.
What is the most affordable Otley Three Bedroom Apartment?
The best deal on a cheap Otley Three Bedroom Apartment rental is at Hunters Run and starts from $825.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.