Cheap Apartments for Rent in Elma, IA from $400 (26 Rentals)

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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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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 416 1st St SW

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Feb 1

416 1st St SW

Grand MeadowMN55936
Showing Results 1-26, Page 1 of 1

Elma, IA Local Guide

Cheapest Available Elma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elma, IA is a 1 Bed unit found at Shalom Tower II priced from $405. City Center Kent Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Elma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I Efficiency1BR,1BA$405
City Center Kent ApartmentsStudio1BR,1BA$495
Key ApartmentsEfficiencyStudio,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$600
The Manor1bd 1 bth1BR,1BA$725
The River Apartments & TownhomesStudio ApartmentStudio,1BA$746
Rolling Meadows ApartmentsCharming 1 Bedroom/1 Bathroom Apartment1BR,1BA$800
Brentwood Estates - Furnished & Unfurnished ApartmentsBrentwood Unfurnished1BR,1BA$845

Best Value Apartments for Rent in Elma, IA and Nearby

As of January 25, 2026 the best value apartment in the Elma area is the $1.03 price per square foot 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments in the starting from $1,150. The second greatest value Elma apartment is the 2 Bed Updated Model at Wild Grove Apartments - 702 NICC starting at $950 with a $1.09 price per square foot . Here is today’s list of the best values for Elma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
Wild Grove Apartments - 702 NICC2 Bed Updated2BR,1BA$1.09
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
Shalom Tower IITower II - One Bedroom1BR,1BA$0.73
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Webster ApartmentsApt. 102BR,1BA$1.37
Brentwood Estates - Furnished & Unfurnished ApartmentsBrentwood Unfurnished1BR,1BA$1.40
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$1.00
Rolling Meadows ApartmentsCharming 1 Bedroom/1 Bathroom Apartment1BR,1BA$1.40
18 S Adams AveOne Bedroom1BR,1BA$0.95

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 Elma, IA Rentals by Map

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Frequently Asked Questions about Cheap Elma Apartments

What is the Cheapest Studio apartment in Elma?

Currently the most affordable Cheap Studio Apartment in Elma is at Key Apartments listed at $500.

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

The lowest price for a Cheap One Bedroom Elma Apartment is $405 at Shalom Tower II.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elma is starting from $700 at The Meadows Apartments.

What is the most affordable Elma Three Bedroom Apartment?

The best deal on a cheap Elma Three Bedroom Apartment rental is at The Meadows Apartments and starts from $850.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.