Cheap Homes for Rent in Elma, IA from $700 (10 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

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.

Elma, IA Local Guide

Cheapest Available Elma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elma, IA is a Studio unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Elma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I EfficiencyStudio,1BA$405
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495

Best Value Apartments for Rent in Elma, IA and Nearby

As of June 09, 2025 the best value apartment in the Elma area is the $1.17 price per square foot 2 Bedroom 1 Bath Model at The Meadows in the starting from $1,125. The second greatest value Elma apartment is the 2 Bedroom Updated Model at Wild Grove Apartments 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.
The Meadows2 Bedroom 1 Bath2BR,1BA$1.17
Wild Grove Apartments2 Bedroom Updated2BR,1BA$1.09
Lincoln Apartments LLCApt. 172BR,1BA$1.36
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Webster ApartmentsApt. 102BR,1BA$1.36
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
131 S Vine St2021BR,1BA$0.92
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$1.40
18 S Adams AveOne Bedroom1BR,1BA$0.95

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Frequently Asked Questions about Elma

What type of rentals are currently available in Elma?

There are currently 42 Apartments for Rent in Elma, IA with pricing that ranges from $405 to $4,080. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elma ranging from $750 to $3,433.

What is the current price range for Rental Homes in Elma?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elma ranges from $750 to $3,433 with an average monthly rent of $1,345.

How much are larger Three and Four Bedroom Rentals in Elma?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elma range from $750 to $2,926, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $937.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.