Cheap Apartments for Rent in Ely, MN from $500 (27 Rentals)

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

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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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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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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property at 1510 13th Ave E

1510 13th Ave E

HibbingMN55746

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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Lesterwood Apartments
Studio to 2 Bedroom Apartments

Lesterwood Apartments

6025 E Superior StDuluth, MN 55804
  • Utilities Included
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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 1-27, 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 1 Bed unit found at Meadowview Apartments priced from $700. Mountain Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $701. Here is today’s list of the most affordable Ely apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowview Apartments1 Bdr-Market Rate1BR,1BA$700
Mountain Manor Apartments1 Bedroom 1 Bath1BR,1BA$701
Alice Nettell Towers1 BedroomStudio,$741
5739 Marble AveEfficiencyStudio,1BA$750
Deering Manor - Section 8: 62+ ,Handicapped,Deering Manor, 1 bed, 1 bath.1BR,1BA$927
The Androy Apartments2 Bedroom2BR,1BA$936
Gunflint VueAlcove B.2 60%1BR,1BA$1,091
Pine Manor Townhouses2 Bedroom2BR,1BA$1,190
Mount Royal Apartment2 Bedrooms, 1 Bathroom2BR,1BA$1,500
Ridgewood Apartments2 Bedroom 1 Bath2BR,1BA$1,750

Best Value Apartments for Rent in Ely, MN and Nearby

As of September 08, 2025 the best value apartment in the Ely area is the $1.51 price per square foot 2 Bedroom- 1 Bath In Unit Laundry & Storage Unit Model at Ridgewood Apartments in the in the Duluth Heights neighborhood starting from $1,795. The second greatest value Ely apartment is the Starboard Model at Les Chateaux starting at $2,010 with a $1.83 price per square foot in the Lakeside-Lester Park neighborhood. 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.
Ridgewood Apartments2 Bedroom- 1 Bath In Unit Laundry & Storage Unit2BR,1BA$1.51
Les ChateauxStarboard2BR,2BA$1.83
Pine Manor Townhouses2 Bedroom2BR,1BA$1.24
The Androy Apartments2 Bedroom2BR,1BA$1.09
Mount Royal Apartment2 Bedrooms, 1 Bathroom2BR,1BA$1.87
Alice Nettell Towers1 BedroomStudio ,$0.99
Meadowview Apartments2 Bdr - Subsidized1BR,1BA$1.19
Deering Manor - Section 8: 62+ ,Handicapped,Deering Manor, 1 bed, 1 bath.1BR,1BA$1.58
5739 Marble AveEfficiencyStudio ,1BA$1.36
Mountain Manor Apartments1 Bedroom 1 Bath1BR,1BA$1.40

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Best Local Schools in
Ely, MN

School data provided by Great Schools

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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

What is the Cheapest Studio apartment in Ely?

Currently the most affordable Cheap Studio Apartment in Ely is at Alice Nettell Towers listed at $741.

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.