
Cheap Apartments for Rent in Ely, IA from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Ely.


Village

Cedar Rapids Brickstone
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.

Southview Apartments

Cedar River Tower Apartments

Harris Oak Hill Apartments

Oak Hill Jackson Brickstones

North Ridge

The Roosevelt
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.

1716 D Ave NE

The Retreat on 6th

Northview Apartments

Geneva Tower

605 4th St SW

1712 A Ave NE
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.
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 | $890 | $690 | $1,395 |
Ely 1 Bedroom Apartments | $1,039 | $470 | $1,479 |
Ely 2 Bedroom Apartments | $1,208 | $450 | $3,097 |
Ely 3 Bedroom Apartments | $1,406 | $425 | $3,249 |
Ely 4 Bedroom Apartments | $2,625 | $2,625 | $2,625 |
Browse Top Apartments in Ely
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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 1810 A Ave NE in the Mound View neighborhood priced from $595. Southview Apartments in the Young's Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Ely apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $595 |
Southview Apartments | Southview 1 bedroom Classic | 1BR,1BA | $625 |
Harris Oak Hill Apartments | 1 Bedroom Restricted | 1BR,1BA | $695 |
Oak Hill Jackson Brickstones | 1 Bedroom | 1BR,1BA | $710 |
North Ridge | 2 Beds, 1 Baths | 2BR,1BA | $725 |
Best Value Apartments for Rent in Ely, IA and Nearby
As of June 14, 2025 the best value apartment in the Ely area is the $0.90 price per square foot 3 Bedroom Townhouse Model at Anderson Greene I in the in the Lincolnway Village neighborhood starting from $1,225. The second greatest value Ely apartment is the The Benton Model at Ashton Flats starting at $1,095 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. |
---|---|---|---|
Anderson Greene I | 3 Bedroom Townhouse | 3BR,1.5BA | $0.90 |
Ashton Flats | The Benton | 2BR,1BA | $1.07 |
Harris Oak Hill Apartments | 2 Bedroom Restricted | 2BR,2BA | $1.05 |
Wheatland Condos | 2 Beds 1 Bath | 2BR,1BA | $1.08 |
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 |
Oak Hill Jackson Brickstones | 1 Bedroom | 1BR,1BA | $1.06 |
1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $0.96 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ely, IA Rentals by Map
See the most popular apartments and homes in Ely, IA
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 $595 at 1810 A Ave NE.
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.

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.

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.

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.