Cheap Apartments for Rent near Chelsea, IA from $395 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Chelsea.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Stella Townhomes
1 to 4 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
  • Utilities Included
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The Tallcorn
1 to 2 Bedroom Apartments

The Tallcorn

134 E Main StMarshalltown, IA 50158
  • Utilities Included
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Southview Apartments
1 to 2 Bedroom Apartments

Southview Apartments

2155 Westdale Dr SWCedar Rapids, IA 52404
Corporate Housing
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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309 N 3rd St
1 Bedroom Apartments

309 N 3rd St

309 N 3rd StMarshalltown, IA 50158
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425 McClellan St
1 to 2 Bedroom Apartments

425 McClellan St

425 McClellan StTama, IA 52339
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233 Harnett St NW
Studio to 2 Bedroom Apartments

233 Harnett St NW

233 Harnett St NWCedar Rapids, IA 52405
  • Utilities Included
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Valley High
1 to 2 Bedroom Apartments

Valley High

1715-1735 Edgewood RdCedar Rapids, IA 52405
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Urban Edge Apartments
1 to 2 Bedroom Apartments

Urban Edge Apartments

401 Canton St NWShellsburg, IA 52332
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Westcove North
2 Bedroom Apartments

Westcove North

3507 Queen Dr SWCedar Rapids, IA 52404
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117-129 Harbet Ave NW
2 Bedroom Apartments

117-129 Harbet Ave NW

117-129 Harbet Ave NWCedar Rapids, IA 52405
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Chelsea, IA Local Guide

Cheapest Available Chelsea Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chelsea, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Goldfinch Meadows in the Cedar Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $580. Here is today’s list of the most affordable Chelsea apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
Goldfinch Meadows1 BR/ 1 BA1BR,1BA$580
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Brookview TerraceB12BR,1BA$812
Southern HillsB12BR,1BA$886
East Olive ApartmentsB12BR,1BA$887
Northview Apartments2BR/1.5BA2BR,1BA$925
Reinbeck Apartments1BR/1.0BA1BR,1BA$950
Grinnell Park Apartments2BR - 30% of Gross Income2BR,1BA$965
Union at Wiley2 Bed 2 Bath2BR,1BA$995

Best Value Apartments for Rent in Chelsea, IA and Nearby

As of August 25, 2026 the best value apartment in the Chelsea area is the $1.20 price per square foot NorthEast Model at Lincoln Tower Apartments in the starting from $1,550. The second greatest value Chelsea apartment is the Private Bedroom in 4 Bed/2 Bath Student Apt Model at Elevate Apartments starting at $525 with a $0.46 price per square foot . Here is today’s list of the best values for Chelsea apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lincoln Tower ApartmentsNorthEast2BR,2BA$1.20
Elevate ApartmentsPrivate Bedroom in 4 Bed/2 Bath Student Apt4BR,2BA$0.46
Union at Wiley2 Bed 2 Bath2BR,1BA$1.16
Northview Apartments2BR/1.5BA2BR,1.5BA$1.11
East Olive ApartmentsB12BR,1BA$1.08
Southern HillsB12BR,1BA$1.09
Brookview TerraceB12BR,1BA$1.04
Spaulding LoftsA12 - Income Restricted1BR,1BA$1.04
The Reserves at South Lake1B1B1BR,1BA$0.61
Goldfinch Meadows1 BR/ 1 BA1BR,1BA$1.14

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chelsea, IA Rentals by Map

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See the most popular apartments and homes in Chelsea, IA

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Frequently Asked Questions about Cheap Chelsea Apartments

How much is rent for a Cheap One Bedroom Chelsea Apartment?

The lowest price for a Cheap One Bedroom Chelsea Apartment is $395 at The Reserves at South Lake.

What is the lowest price for a Cheap Two Bedroom Chelsea Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chelsea is starting from $470 at The Reserves at South Lake.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.