Cheap Apartments for Rent in Ely, MN from $500 (25 Rentals)

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

property at 109 3rd Ave

109 3rd Ave

BoveyMN55709
property at 119 1st St N

119 1st St N

VirginiaMN55792

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.

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property at 201 N 5th Ave W

201 N 5th Ave W

VirginiaMN55792
property at 2023 7th Ave E

2023 7th Ave E

HibbingMN55746
property at 104 5th St S

104 5th St S

VirginiaMN55792

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.

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property at 310 S 8th Ave W

310 S 8th Ave W

VirginiaMN55792

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 118 12th St S

118 12th St S

VirginiaMN55792
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Alice Nettell Towers
Studio Apartments

Alice Nettell Towers

550 N 3rd AveVirginia, MN 55792
Senior Living
  • Utilities Included
property at 208 W 3rd Ave

208 W 3rd Ave

KeewatinMN55753

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.

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801 W 5th St
2 to 3 Bedroom Apartments

801 W 5th St

801 W 5th StGrand Marais, MN 55604
  • Utilities Included
Showing Results 1-25, Page 1 of 1

Ely, MN Local Guide

Cheapest Available Ely Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ely, MN is a Studio unit found at Marlin Manor priced from $575. Meadowview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Ely apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Marlin ManorMarlin Manor, Studio, 1 bath.Studio,1BA$575
Meadowview Apartments1 Bdr-Market Rate1BR,1BA$700
Mountain Manor Apartments1 Bedroom 1 Bath1BR,1BA$701
5739 Marble Ave1 Bedroom1BR,1BA$760
Alice Nettell Towers1 BedroomStudio,$821

Best Value Apartments for Rent in Ely, MN and Nearby

As of December 12, 2025 the best value apartment in the Ely area is the $0.90 price per square foot 2 Bed + 1 Bath Model at Meadowbrook Apartments in the starting from $895. The second greatest value Ely apartment is the 2 Bedroom Model at Pine Manor Townhouses starting at $1,190 with a $1.24 price per square foot . 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.
Meadowbrook Apartments2 Bed + 1 Bath2BR,1BA$0.90
Pine Manor Townhouses2 Bedroom2BR,1BA$1.24
Ridgewood Apartments1 Bedroom 1 Bath1BR,1BA$1.69
The Androy Apartments2 Bedroom2BR,1BA$1.10
Mount Royal Apartment2 Bedrooms, 1 Bathroom2BR,1BA$1.74
5739 Marble Ave2 Bedroom2BR,1BA$1.13
Alice Nettell Towers2 BedroomStudio ,$1.35
Meadowview Apartments2 Bdr - Subsidized1BR,1BA$1.19
Deering Manor - Section 8: 62+ ,Handicapped,Deering Manor, 1 bed, 1 bath.1BR,1BA$1.58
Mountain Manor Apartments1 Bedroom 1 Bath1BR,1BA$1.40

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.

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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.

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Best Local Schools in
Ely, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Ely, MN

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some 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

How much is rent for a Cheap One Bedroom Ely Apartment?

The lowest price for a Cheap One Bedroom Ely Apartment is $700 at Meadowview 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 $750 at Meadowview Apartments.

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

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.