Cheap Apartments for Rent in Selma, IA from $400 (75 Rentals)

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

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.

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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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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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630 N 6th St
Studio to 1 Bedroom Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601

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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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
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Carriage Hill
1 to 2 Bedroom Apartments

Carriage Hill

700-710 Carriage HlIowa City, IA 52246
Corporate Housing
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501 S Osteopathy Ave
1 Bedroom Apartments

501 S Osteopathy Ave

501 S Osteopathy AveKirksville, MO 63501
Student Housing
  • Utilities Included

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.

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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 Jefferson Building priced from $470. Bel Aire Apartments in the Ginger Ridge neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Selma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jefferson Building1 Bedroom1BR,1BA$470
Bel Aire Apartments2 Bedroom2BR,1BA$695
Park Madison Apartments1BR/1BA1BR,1BA$750
Caspian Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Summer Street ApartmentsStudioStudio,1BA$750
Green Gable CottagesGreen Gable 1 Bedroom1BR,1BA$750
Orchard MeadowsB1 Partially Renovated2BR,1BA$795
Northern Plains by KadingCottage - 22BR,1BA$795
Alice Place West Burlington2-Bedroom2BR,1BA$840
Westland Village2x12BR,1BA$850

Best Value Apartments for Rent in Selma, IA and Nearby

As of June 19, 2026 the best value apartment in the Selma area is the $1.02 price per square foot Churchill Lofts - 301 Model at Churchill Lofts in the in the Ginger Ridge neighborhood starting from $1,100. The second greatest value Selma apartment is the Blaul Lofts - 208 Model at Blaul Lofts starting at $1,050 with a $1.00 price per square foot in the Ginger Ridge neighborhood. 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.
Churchill LoftsChurchill Lofts - 3012BR,1BA$1.02
Blaul LoftsBlaul Lofts - 2082BR,1BA$1.00
Westland Village2x12BR,1BA$0.89
Alice Place West Burlington2-Bedroom2BR,1BA$0.90
School House Apartments1 Bedroom and 1 Bath1BR,1BA$1.06
Orchard MeadowsB1 Partially Renovated2BR,1BA$0.90
Northern Plains by KadingCottage - 22BR,1BA$0.94
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Bel Aire Apartments2 Bedroom2BR,1BA$1.11
Jefferson Building1 Bedroom1BR,1BA$0.82

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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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.

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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.

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

Explore Selma, IA Rentals by Map

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See the most popular apartments and homes in Selma, IA

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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 Summer Street Apartments listed at $750.

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

The lowest price for a Cheap One Bedroom Selma Apartment is $470 at Jefferson Building.

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 $695 at Bel Aire Apartments.

What is the most affordable Selma Three Bedroom Apartment?

The best deal on a cheap Selma Three Bedroom Apartment rental is at Northern Plains by Kading and starts from $925.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.