Rent in Red Oak, IA
A 2-bedroom in Red Oak, IA (ZIP 51566) typically rents for about $920 a month, with a range of $829–$1,010. Owner-occupied homes in Montgomery County pay about 1.65% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $750 | $688–$750 | 1 |
| 1 bed | $930 | $852–$930 | 1 |
| 2 beds | $920 | $829–$1,010 | 1 |
| 3 beds | $1,169 | $938–$1,400 | 1 |
| 4 beds | $1,325 | $1,129–$1,520 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Red Oak ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Red Oak, IA?
- About $920 a month: the median of the typical rents in 1 ZIP code, which range from $829–$1,010. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Red Oak, IA?
- About $930 a month: the median of the typical rents in 1 ZIP code, which range from $852–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Red Oak, IA?
- About $1,169 a month: the median of the typical rents in 1 ZIP code, which range from $938–$1,400. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Red Oak, IA?
- About $750 a month: the median of the typical rents in 1 ZIP code, which range from $688–$750. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Red Oak, IA?
- About $1,325 a month: the median of the typical rents in 1 ZIP code, which range from $1,129–$1,520. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Red Oak, IA?
- Owner-occupied homes in Montgomery County pay a typical 1.65% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Red Oak rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).