Osceola has one park with facilities for tennis, swimming, ballpark, picnic areas, and shelters.
Overnight camping is permitted.
The Senior Citizens Center offers activities of games, music, cards, dinners, and occasional trips for senior citizens. Summer recreation programs include girls softball, Legion baseball, and swimming. Other recreation programs include co-ed sand volleyball and bowling leagues. The Polk County Fair is held annually in Osceola in July. A museum, sod house, log cabin, country church, restored country school, a Union Pacific caboose , and the Governor's Arboretum are some of the local attractions that can be seen at the Polk County Historical Society grounds.