Cheap Apartments for Rent in Ely, IA from $400 (13 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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1810 A Ave NE
1 Bedroom Apartments

1810 A Ave NE

1810 A Ave NECedar Rapids, IA 52402
  • Utilities Included

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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.

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Westcove North
2 Bedroom Apartments

Westcove North

3507 Queen Dr SWCedar Rapids, IA 52404
  • Utilities Included

Ely, IA Local Guide

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 ListingModel NameBed/BathPriced From
Southview ApartmentsSouthview 1 bedroom Classic1BR,1BA$625
Harris Oak Hill Apartments1 Bedroom Restricted1BR,1BA$695
The Roosevelt1 Bedroom1BR,1BA$715
North Ridge2 Beds, 1 Baths2BR,1BA$725
C Street Townhomes2 bedrrom -side by side townhome2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Miller Avenue Estates4x2 14BR,2BA$0.95
Coventry Lofts1 Bed 1 Bath1BR,1BA$1.07
Ashton FlatsThe Benton2BR,1BA$1.07
Harris Oak Hill Apartments2 Bedroom Restricted2BR,2BA$1.05
Westcove2 Bed 1 Bath2BR,1BA$1.01
C Street Townhomes2 bedrrom -side by side townhome2BR,2BA$0.84
North Ridge2 Beds, 1 Baths2BR,1BA$0.91
1716 D Ave NE2 Beds, 1 Baths2BR,1BA$1.07
The Retreat on 6thBungalow1BR,1BA$1.19
Southview ApartmentsSouthview 1 Bedroom Updated! MOVE IN SPECIAL1BR,1BA$1.14

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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

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.

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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.

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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.

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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.

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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.