
Cheap Homes for Rent near Selma, IA from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Selma.


204 S Main St

151 E 3rd St
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.

410 Burlington St

2251 Fairfax Dr

116 N 5th St
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.

2432 Petsel Pl
Selma, IA Local Guide

How much does it cost to rent a home in Selma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Selma 2 Bedroom Homes for Rent | $1,193 | $725 | $2,300 |
| Selma 3 Bedroom Homes for Rent | $1,824 | $1,195 | $2,950 |
| Selma 4 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
| Selma 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Selma
Explore Selma
Selma, IA Local Guide
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Cheapest Available Selma Apartments for Rent and Nearby
 The cheapest available apartment rental in Selma, IA is a Studio unit found at Jefferson Building priced from $415. Centerville Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Selma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jefferson Building | Studio | Studio,1BA | $415 |
| Centerville Senior Lofts | The Dublin | 2BR,1BA | $600 |
| Washington Apartments | 2.1C 40% | 2BR,1BA | $706 |
Best Value Apartments for Rent in Selma, IA and Nearby
As of July 14, 2026 the best value apartment in the Selma area is the $1.00 price per square foot Blaul Lofts - 208 Model at Blaul Lofts in the in the Ginger Ridge neighborhood starting from $1,050. The second greatest value Selma apartment is the 2x1 Model at Westland Village starting at $850 with a $0.89 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Blaul Lofts | Blaul Lofts - 208 | 2BR,1BA | $1.00 |
| Westland Village | 2x1 | 2BR,1BA | $0.89 |
| Hawthorne Townhomes | 2 Bedrooms 2 Bath | 2BR,1.5BA | $0.91 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| Centerville Senior Lofts | The Dearborn | 2BR,1BA | $0.83 |
| School House Apartments | Studio | Studio ,1BA | $1.12 |
| Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $0.94 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Caspian Village Apartments | 2 Bedroom, 1 Bathrom | 2BR,1BA | $1.14 |
| Jefferson Building | 1 Bedroom | 1BR,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.
Read ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Selma, IA
Frequently Asked Questions about Selma
What type of rentals are currently available in Selma?
There are currently 65 Apartments for Rent in Selma, IA with pricing that ranges from $415 to $1,900. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Selma ranging from $725 to $5,000.
What is the current price range for Rental Homes in Selma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Selma ranges from $725 to $5,000 with an average monthly rent of $2,564.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.

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.

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.