
Cheap Apartments for Rent in Ely, IA from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Ely.


Cedar Rapids Brickstone

Southview Apartments

Harris Oak Hill Apartments
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Cedar River Tower Apartments

The Roosevelt

The Retreat on 6th
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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.
Ely, IA Local Guide

How much does it cost to rent an apartment in Ely?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ely Studio Apartments | $941 | $705 | $1,395 |
Ely 1 Bedroom Apartments | $1,053 | $470 | $2,892 |
Ely 2 Bedroom Apartments | $1,307 | $450 | $3,445 |
Ely 3 Bedroom Apartments | $1,433 | $425 | $2,590 |
Ely 4 Bedroom Apartments | $1,254 | $1,090 | $1,359 |
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Ely, IA Local Guide
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Cheapest Available Ely Apartments for Rent and Nearby
 The cheapest available apartment rental in Ely, IA is a 1 Bed unit found at Southview Apartments in the Young's Hill neighborhood priced from $625. Harris Oak Hill Apartments in the Young's Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Ely apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Southview Apartments | Southview 1 bedroom Classic | 1BR,1BA | $625 |
Harris Oak Hill Apartments | 1 Bedroom Restricted | 1BR,1BA | $695 |
The Roosevelt | 1 Bedroom | 1BR,1BA | $715 |
North Ridge | 2 Beds, 1 Baths | 2BR,1BA | $725 |
C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
Best Value Apartments for Rent in Ely, IA and Nearby
As of August 29, 2025 the best value apartment in the Ely area is the $0.95 price per square foot 4x2 1 Model at Miller Avenue Estates in the in the Lincolnway Village neighborhood starting from $1,090. The second greatest value Ely apartment is the 1 Bed 1 Bath Model at Coventry Lofts starting at $1,100 with a $1.07 price per square foot in the Young's Hill neighborhood. Here is today’s list of the best values for Ely apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Miller Avenue Estates | 4x2 1 | 4BR,2BA | $0.95 |
Coventry Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Ashton Flats | The Benton | 2BR,1BA | $1.07 |
Harris Oak Hill Apartments | 2 Bedroom Restricted | 2BR,2BA | $1.05 |
Westcove | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
North Ridge | 2 Beds, 1 Baths | 2BR,1BA | $0.91 |
1716 D Ave NE | 2 Beds, 1 Baths | 2BR,1BA | $1.07 |
The Retreat on 6th | Bungalow | 1BR,1BA | $1.19 |
Southview Apartments | Southview 1 Bedroom Updated! MOVE IN SPECIAL | 1BR,1BA | $1.14 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Ely, IA
Walk Score®
29 / 100
Car-Dependent
Most errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Ely Apartments
What is the Cheapest Studio apartment in Ely?
Currently the most affordable Cheap Studio Apartment in Ely is at Geneva Tower listed at $770.
How much is rent for a Cheap One Bedroom Ely Apartment?
The lowest price for a Cheap One Bedroom Ely Apartment is $625 at Southview Apartments.
What is the lowest price for a Cheap Two Bedroom Ely Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ely is starting from $725 at North Ridge.
What is the most affordable Ely Three Bedroom Apartment?
The best deal on a cheap Ely Three Bedroom Apartment rental is at Union at Wiley and starts from $1,125.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.