1725 D Ave NE
Cedar RapidsIA52402
Cheap Homes for Rent near Ely, IA from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Ely.
1416 Oakland Rd NE
Cedar RapidsIA52402
310 8th Ave
MarionIA52302
245 Beaver Kreek Center
North LibertyIA52317
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.
210 S Chestnut St
North LibertyIA52317
145 Sugar Creek Ln
North LibertyIA52317
115 Sugar Creek Ln
North LibertyIA52317
1000 Duchess Dr
SolonIA52333
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 1-8, Page 1 of 1
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 | $1,818 | $900 | $2,799 |
| Ely 3 Bedroom Homes for Rent | $1,786 | $1,300 | $2,300 |
| Ely 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Ely
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Ely, IA Local Guide
- Nearby Cities
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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 Village in the Young's Hill neighborhood priced from $635. C Street Townhomes in the Young's Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. Here is today’s list of the most affordable Ely apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village | 1 Bedroom | 1BR,1BA | $635 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| Northview Apartments | 1BR/1.0BA | 1BR,1BA | $755 |
Best Value Apartments for Rent in Ely, IA and Nearby
As of July 10, 2026 the best value apartment in the Ely area is the $1.80 price per square foot Corner Windows Model at Penn Street Place in the in the Old Mill Creek neighborhood starting from $1,700. The second greatest value Ely apartment is the 2BR 2 Bedroom 50% Model at Commonwealth starting at $1,050 with a $1.15 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. |
|---|---|---|---|
| Penn Street Place | Corner Windows | 2BR,2BA | $1.80 |
| Commonwealth | 2BR 2 Bedroom 50% | 2BR,2BA | $1.15 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
| Union at Wiley | 2 Bed 2 Bath | 2BR,1BA | $1.16 |
| The Roosevelt | 1 Bedroom | 1BR,1BA | $1.40 |
| Annex on the Square | Halogen 60% | 1BR,1BA | $1.56 |
| NewBo Lofts | Layout 1A | 1BR,1BA | $1.86 |
| Vive Senior Apartments | One Bedroom | 1BR,1BA | $1.68 |
| Northview Apartments | 1BR/1.0BA | 1BR,1BA | $1.21 |
| Geneva Tower | 1 Bedroom 001 | 1BR,1BA | $2.04 |
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.
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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 52 Apartments for Rent in Ely, IA with pricing that ranges from $425 to $3,622. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ely ranging from $695 to $2,799.
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 $695 to $2,799 with an average monthly rent of $1,714.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.