Cheap Apartments for Rent in Ely, MN from $500 (28 Rentals)

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

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 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-28, 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 Ave1 Bedroom1BR,1BA$760
Meadowbrook Apartments1 Bed + 1 Bath1BR,1BA$795
The Virginian ApartmentsTwo Bed2BR,1BA$895
Pine Manor Townhouses2 Bedroom2BR,1BA$1,016
Gunflint VueAlcove B.2 60%1BR,1BA$1,091
Park Villa Apartments1B - 1 Bedroom + Den2BR,1BA$1,120

Best Value Apartments for Rent in Ely, MN and Nearby

As of June 24, 2025 the best value apartment in the Ely area is the $1.55 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 $1,850. The second greatest value Ely apartment is the 2 Bedroom Model at Pine Manor Townhouses starting at $1,016 with a $1.06 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.
Ridgewood Apartments2 Bedroom- 1 Bath In Unit Laundry & Storage Unit2BR,1BA$1.55
Pine Manor Townhouses2 Bedroom2BR,1BA$1.06
912 S 5th Ave, Unit Apt 3912 S 5th Ave2BR,1BA$1.16
Park Villa Apartments1B - 1 Bedroom + Den2BR,1BA$1.21
The Virginian ApartmentsTwo Bed2BR,1BA$1.10
Alice Nettell Towers1 BedroomStudio ,$0.99
Meadowbrook Apartments1 Bed + 1 Bath1BR,1BA$1.14
5739 Marble Ave1 Bedroom1BR,1BA$1.09
Meadowview Apartments2 Bdr - Subsidized1BR,1BA$1.19
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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See the most popular apartments and homes in Ely, MN

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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

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.