208 W Main St
DunkertonIA50626
Cheap Homes for Rent in Elma, IA from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Elma.
1918 Olive St
Cedar FallsIA50613
1315 State St
Cedar FallsIA50613
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.
603 Iowa St
Cedar FallsIA50613
121 Main St S
Grand MeadowMN55936
1203 11th St NW
AustinMN55912
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.
Showing Results 1-6, Page 1 of 1
Elma, IA Local Guide
Iowa field by TumblingRun is licensed under CC BY 2.0
How much does it cost to rent a home in Elma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elma 2 Bedroom Homes for Rent | $1,290 | $800 | $1,950 |
| Elma 3 Bedroom Homes for Rent | $1,390 | $1,000 | $1,700 |
| Elma 4 Bedroom Homes for Rent | $2,135 | $1,500 | $4,600 |
| Elma 5 Bedroom Homes for Rent | $2,375 | $1,700 | $3,000 |
| Elma 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Elma
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Elma, IA Local Guide
- Nearby Cities
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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. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Elma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shalom Tower II | Tower I Efficiency | 1BR,1BA | $405 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
Best Value Apartments for Rent in Elma, IA and Nearby
As of May 08, 2026 the best value apartment in the Elma area is the $1.49 price per square foot 4 Bedrooms 2.5 Bathrooms Model at Clear Lake Twinhomes in the starting from $2,500. The second greatest value Elma apartment is the 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,150 with a $1.03 price per square foot . Here is today’s list of the best values for Elma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Clear Lake Twinhomes | 4 Bedrooms 2.5 Bathrooms | 4BR,2.5BA | $1.49 |
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| Rolling Meadows Apartments | 3 bedroom/2bath | 3BR,2BA | $0.96 |
| The Meadows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.28 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.73 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.31 |
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $1.03 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| 18 S Adams Ave | One Bedroom | 1BR,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.
Read Article
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.
Read ArticleQuick 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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See the most popular apartments and homes in Elma, IA
Frequently Asked Questions about Elma
What type of rentals are currently available in Elma?
There are currently 46 Apartments for Rent in Elma, IA with pricing that ranges from $405 to $2,594. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elma ranging from $675 to $4,600.
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 $675 to $4,600 with an average monthly rent of $1,716.
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 $850 to $2,594, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $937.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.