
Cheap Homes for Rent in Selma, IA from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Selma.


124 S 2nd St

121 S Ash St

116 N 5th St

905 N Roche St

314 N Washington St

601 W Smith St
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 | $1,188 | $750 | $1,900 |
Selma 3 Bedroom Homes for Rent | $1,398 | $900 | $2,200 |
Selma 4 Bedroom Homes for Rent | $1,816 | $1,050 | $2,800 |
Selma 5 Bedroom Homes for Rent | $2,700 | $2,500 | $2,900 |
Browse Top Homes for Rent in Selma
Explore Selma
Selma, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Selma Apartments for Rent and Nearby
 The cheapest available apartment rental in Selma, IA is a 2 Beds unit found at Mediapolis Village priced from $595. Northern Plains by Kading 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mediapolis Village | Unit 67 | 2BR,1BA | $595 |
Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $695 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $750 |
Best Value Apartments for Rent in Selma, IA and Nearby
As of June 27, 2025 the best value apartment in the Selma area is the $0.84 price per square foot Unit 55 Model at Fairfield Estates in the starting from $1,057. The second greatest value Selma apartment is the Churchill Lofts - 210 Model at Churchill Lofts starting at $950 with a $0.98 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. |
---|---|---|---|
Fairfield Estates | Unit 55 | 4BR,2BA | $0.84 |
Churchill Lofts | Churchill Lofts - 210 | 2BR,1BA | $0.98 |
Washington Apartments | The Harmon | 2BR,1BA | $1.09 |
School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $1.06 |
Orchard Lane Apartments | B1 Renovated | 2BR,1BA | $1.08 |
Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $0.83 |
Louden Lofts | Two Bedroom | 2BR,2BA | $1.00 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
Tisdale Apartments | 2 Bedroom | 2BR,1BA | $1.09 |
Mediapolis Village | Unit 38 | 2BR,1BA | $0.95 |
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.
Frequently Asked Questions about Selma
What type of rentals are currently available in Selma?
There are currently 48 Apartments for Rent in Selma, IA with pricing that ranges from $595 to $1,900. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Selma ranging from $585 to $2,900.
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 $585 to $2,900 with an average monthly rent of $1,458.
How much are larger Three and Four Bedroom Rentals in Selma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Selma range from $799 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $1,057.
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.

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.

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.

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.

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.