Sheldon, Iowa, established in 1873 as a railroad town, sits at the intersection of Iowa Highway 60 and U.S. Route 18. This O'Brien County community of just over 6,000 residents provides affordable rental options with average one-bedroom apartments around $672 and two-bedrooms at $821 per month. The 5-square-mile town maintains its railroad heritage through active Canadian Pacific Railway and Union Pacific Railroad lines, offering convenient transportation connections.

Downtown Sheldon features the historic Carnegie Library, listed on the National Register of Historic Places. Northwest Iowa Community College campus adds educational opportunities to the community. The town is known for its colorful marigold displays and sits along the scenic Floyd River, offering outdoor recreation opportunities through its park system.

With rental costs well below the national average (Iowa ranks 47th in state rent prices), Sheldon combines affordability with small-town appeal. The compact downtown area provides essential services, local shops, and dining options for residents, all within easy walking distance of many rental properties.