Cheap Apartments for Rent in Selma, IA from $415 (62 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
630 N 6th St
Studio to 1 Bedroom Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601
close
View Me
Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
close
View Me
Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included
close
View Me
1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • Utilities Included

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.

Read Article
close
View Me
Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • Utilities Included
close
View Me
Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • Utilities Included
close
View Me
Carriage Hill
1 to 2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
Corporate Housing
  • Utilities Included
close
View Me
501 S Osteopathy Ave
1 Bedroom Apartments

501 S Osteopathy Ave

501 S Osteopathy AveKirksville, MO 63501
Student Housing
  • Utilities Included
close
View Me
Mediapolis Village
2 to 4 Bedroom Apartments

Mediapolis Village

510 Wapello St SMediapolis, IA 52637
close
View Me
Oakcrest
1 to 2 Bedroom Apartments

Oakcrest

801 Oakcrest StIowa City, IA 52246
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

Selma, IA Local Guide

Cheapest Available Selma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Selma, IA is a 1 Bed unit found at Rollins Apartments priced from $470. Caspian Village Apartments in the Ginger Ridge neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Selma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rollins Apartments1 Bedroom1BR, 1BA$470
Caspian Village Apartments2 Bedroom, 1 Bathrom2BR, 1BA$700
Bel Aire Apartments1 Bedroom1BR, 1BA$700
Green Gable CottagesGreen Gable 1 Bedroom1BR, 1BA$750
Park Madison Apartments1BR/1BA1BR, 1BA$750
Orchard MeadowsB1 Classic2BR, 1BA$750
Northern Plains by KadingCottage - 22BR, 1BA$795
Tama Too ApartmentsStudioStudio, 1BA$850
Burbank Village ApartmentsA1 Classic1BR, 1BA$850
Stonegate Village ApartmentsOne Bedroom1BR, 1BA$860

Best Value Apartments for Rent in Selma, IA and Nearby

As of September 18, 2026 the best value apartment in the Selma area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Selma apartment is the Cottage - 3 Model at Terrace View by Kading starting at $1,295 with a $1.04 price per square foot. Here is today’s list of the best values for Selma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nemitz Hall2 Bedroom2BR, 2BA$0.76
Terrace View by KadingCottage - 33BR, 2BA$1.04
Villa's on BellLease by September 30th, 2026 and enjoy $500 of...3BR, 2BA$1.11
Blaul LoftsBlaul Lofts - 3092BR, 1BA$1.00
School House Apartments2 Bedroom and 1 Bath2BR, 1BA$1.03
Hawthorne Townhomes2 Bedrooms 2 Bath2BR, 1.5BA$0.94
Orchard MeadowsB1 Classic2BR, 1BA$0.85
Northern Plains by KadingCottage - 22BR, 1BA$0.94
Park Madison Apartments1BR/1BA1BR, 1BA$1.00
Rollins Apartments1 Bedroom1BR, 1BA$0.70

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
Decorative image

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.

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

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

Explore Selma, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Selma, IA

View Map
Selma, IA Apartments Map
View Map
Selma, IA Rental Homes Map

Frequently Asked Questions about Cheap Selma Apartments

What is the Cheapest Studio apartment in Selma?

Currently the most affordable Cheap Studio Apartment in Selma is at Tama Too Apartments listed at $850.

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

The lowest price for a Cheap One Bedroom Selma Apartment is $470 at Rollins Apartments.

What is the lowest price for a Cheap Two Bedroom Selma Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Selma is starting from $700 at Caspian Village Apartments.

What is the most affordable Selma Three Bedroom Apartment?

The best deal on a cheap Selma Three Bedroom Apartment rental is at School House Apartments and starts from $1,075.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.