What is the average rent of an apartment in Ely, MN?

The average rent of an apartment in Ely, MN is $1,319 per month. This is about 32% lower than the national average.

What are the cheapest months to find an apartment to rent in Ely, MN?

Last year, the cheapest month to find an apartment to rent was Jul 2025 when it was $1,047 per month.

There are 2 apartments to rent that are cheaper than the city’s average rent of $1,319.

In the last year, the average rent in Ely, MN was highest in Oct 2025 when it was $1,218 per month.

Ely, MN includes zip codes such as: 55731 , 55732 , 55782 , 55796 .

Some nearby cities include: Winton , Babbitt , Soudan , Tower , Isabella . These cities may have more rental options to explore.

Apartments For Rent Near Ely, MN

Rent in Ely, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.

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What is the average rent of an apartment in Ely, MN?
The average rent of an apartment in Ely, MN is $1,319 per month. This is about 32% lower than the national average.
What are the cheapest months to find an apartment to rent in Ely, MN?
Last year, the cheapest month to find an apartment to rent was Jul 2025 when it was $1,047 per month.
How many cheap apartments are available in Ely, MN?
There are 2 apartments to rent that are cheaper than the city’s average rent of $1,319.
When is the average rent most expensive in Ely, MN?
In the last year, the average rent in Ely, MN was highest in Oct 2025 when it was $1,218 per month.
What are some zip codes in Ely, MN?
Ely, MN includes zip codes such as: 55731, 55732, 55782, 55796.
What are some cities near Ely, MN?
Some nearby cities include: Winton, Babbitt, Soudan, Tower, Isabella. These cities may have more rental options to explore.