138 33rd St Dr SE
Cedar RapidsIA52403
Cheap Homes for Rent in Ely, IA from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Ely.
1209 O Ave Pl NE
Cedar RapidsIA52402
182 14th Ave SW
Cedar RapidsIA52404
1520 Oak Ridge Ln SE
Cedar RapidsIA52403
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.
395 Beaver Kreek Center
North LibertyIA52317
145 Sugar Creek Ln
North LibertyIA52317
920 F Ave NW
Cedar RapidsIA52405
365 Beaver Kreek Center
North LibertyIA52317
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.
822 16th St SE
Cedar RapidsIA52403
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Ely, IA Local Guide
Rancher and son by Plains and Prairie Potholes Landscape Conservation is licensed under CC BY 2.0
How much does it cost to rent a home in Ely?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ely 2 Bedroom Homes for Rent | $1,190 | $715 | $2,250 |
| Ely 3 Bedroom Homes for Rent | $1,418 | $1,135 | $1,700 |
| Ely 4 Bedroom Homes for Rent | $2,458 | $1,090 | $5,495 |
| Ely 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
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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. 1810 A Ave NE in the Mound View 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 |
|---|---|---|---|
| Southview Apartments | Southview 1 bedroom Classic | 1BR,1BA | $625 |
| 1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $625 |
| CR Legacy | 2x2 | 3BR,2BA | $695 |
Best Value Apartments for Rent in Ely, IA and Nearby
As of October 31, 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 2x2 Model at CR Legacy starting at $695 with a $0.72 price per square foot in the Corridor Ridge 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 |
| CR Legacy | 2x2 | 3BR,2BA | $0.72 |
| 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 | $1.04 |
| The Roosevelt | 1 Bedroom | 1BR,1BA | $1.06 |
| Oak Hill Apartments | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1.16 |
| Southview Apartments | Southview 1 Bedroom Updated! | 1BR,1BA | $1.14 |
| 1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $1.01 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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.
Read ArticleQuick Rent Budget Calculator
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See the most popular apartments and homes in Ely, IA
Frequently Asked Questions about Ely
What type of rentals are currently available in Ely?
There are currently 47 Apartments for Rent in Ely, IA with pricing that ranges from $425 to $3,528. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ely ranging from $675 to $5,495.
What is the current price range for Rental Homes in Ely?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ely ranges from $675 to $5,495 with an average monthly rent of $1,606.
How much are larger Three and Four Bedroom Rentals in Ely?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ely range from $425 to $3,528, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,135 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,090 and Four Bedroom Apartments start at $1,090.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.