
Cheap Homes for Rent in Ely, IA from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Ely.


1334 C St SW

1630 Northgate Dr, Unit 3

124 10th St SW

230 S Dubuque St

1347 22nd Ave SW

1040 Duchess Dr

1612 A Ave NE

203 Prairie Rose Ln

1920 Chandler St SW

209 16th St NE

1016 11th Ave SE

1106 15th St SW

205 Prairie Rose Ln

819 13th St NW
Ely, IA Local Guide

How much does it cost to rent a home in Ely?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ely 2 Bedroom Homes for Rent | $1,138 | $675 | $1,550 |
Ely 3 Bedroom Homes for Rent | $1,317 | $1,060 | $1,850 |
Ely 4 Bedroom Homes for Rent | $1,712 | $1,400 | $3,200 |
Ely 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Ely
Explore Ely
Ely, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Ely Apartments for Rent and Nearby
 The cheapest available apartment rental in Ely, IA is a 1 Bed unit found at 1810 A Ave NE in the Mound View neighborhood priced from $545. 1716 D Ave NE in the Mound View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Ely apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $545 |
1716 D Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $595 |
Southview Apartments | Southview 1 bedroom Classic | 1BR,1BA | $600 |
Harris Oak Hill Apartments | 1 Bedroom Restricted | 1BR,1BA | $695 |
The Retreat on 6th | Bungalow | 1BR,1BA | $699 |
Best Value Apartments for Rent in Ely, IA and Nearby
As of April 16, 2025 the best value apartment in the Ely area is the $0.82 price per square foot CLM11032 Model at Coventry Lofts in the in the Young's Hill neighborhood starting from $850. The second greatest value Ely apartment is the 2 Bedroom Restricted Model at Harris Oak Hill Apartments starting at $1,050 with a $1.05 price per square foot in the Young's Hill neighborhood. Here is today’s list of the best values for Ely apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Coventry Lofts | CLM11032 | 1BR,1BA | $0.82 |
Harris Oak Hill Apartments | 2 Bedroom Restricted | 2BR,2BA | $1.05 |
Westcove | 2 Beds 1 Bath | 2BR,1BA | $1.00 |
Edgewood | Two Bedroom | Large | 2BR,1BA | $1.10 |
C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
Westcove North | 1 | 2BR,1BA | $1.10 |
1716 D Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $0.85 |
The Retreat on 6th | Bungalow | 1BR,1BA | $1.08 |
Southview Apartments | Southview 1 Bedroom Updated! | 1BR,1BA | $1.02 |
1810 A Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $0.88 |
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 Ely
What type of rentals are currently available in Ely?
There are currently 40 Apartments for Rent in Ely, IA with pricing that ranges from $425 to $3,395. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ely ranging from $675 to $3,200.
What is the current price range for Rental Homes in Ely?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ely ranges from $675 to $3,200 with an average monthly rent of $1,388.
How much are larger Three and Four Bedroom Rentals in Ely?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ely range from $425 to $1,914, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,060 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,319.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.