
Cheap Homes for Rent in Ely, IA from $800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Ely.


215 17th St NE
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.

115 Sugar Creek Ln

1625 12th Ave SE

920 F Ave NW

145 Sugar Creek Ln

395 Beaver Kreek Center
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.

60 Miller Ave SW

1502 1st St SW

802 Camburn Ct SE

202 14th Ave SW

806 Wellington St SE

312 E 1st St

460 Cameron Way

1112 Maplewood Dr NE
The 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.

1208 Ellis Blvd NW

622 20th St NE
Ely, IA Local Guide

How much does it cost to rent a home in Ely?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ely 2 Bedroom Homes for Rent | $1,255 | $850 | $1,950 |
Ely 3 Bedroom Homes for Rent | $1,657 | $1,200 | $2,350 |
Ely 4 Bedroom Homes for Rent | $2,548 | $1,200 | $5,495 |
Ely 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Ely
Explore Ely
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. 1716 D 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 |
1716 D Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $625 |
Sonoma Square | 1 Bed/1 Bath- Affordable- 40% | 1BR,1BA | $685 |
Oak Hill Apartments | 1 Bedroom Restricted | 1BR,1BA | $695 |
North Ridge | 2 Beds, 1 Baths | 2BR,1BA | $725 |
Best Value Apartments for Rent in Ely, IA and Nearby
As of September 14, 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 2 Bedroom Townhouse Model at Anderson Greene I starting at $1,300 with a $1.20 price per square foot in the Lincolnway Village 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 |
Anderson Greene I | 2 Bedroom Townhouse | 2BR,1.5BA | $1.20 |
Ashton Flats | The Benton | 2BR,1BA | $1.07 |
Oak Hill Apartments | 2 Bedroom Restricted | 2BR,2BA | $1.05 |
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 | $1.07 |
The Retreat on 6th | Bungalow | 1BR,1BA | $1.19 |
Southview Apartments | Southview 1 Bedroom Updated! | 1BR,1BA | $1.14 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 44 Apartments for Rent in Ely, IA with pricing that ranges from $425 to $3,105. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ely ranging from $850 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 $850 to $5,495 with an average monthly rent of $1,710.
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 $2,336, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,200 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.

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.

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.