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

The average rent of an apartment in Ely, MN is $1,095 per month. This is about 44% lower than the national average.

When is the average rent cheapest in Ely, MN?

In the last year, the average rent in Ely, MN was lowest in Jul 2025 when it was $1,047 per month.

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

There are 3 available rental listings in Ely, MN.

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 stayed about the same in Jul 2026 compared to the previous month. Rent previously peaked in Oct 2025.

View as a graph

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	—	$1,000	$1,425	—	$1,190
Apartments and Condos	—	$1,000	—	—	$1,000
Houses	—	—	$1,425	—	$1,425

What is the average rent of an apartment in Ely, MN?
The average rent of an apartment in Ely, MN is $1,095 per month. This is about 44% lower than the national average.
When is the average rent cheapest in Ely, MN?
In the last year, the average rent in Ely, MN was lowest in Jul 2025 when it was $1,047 per month.
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.
How many available rental listings are in Ely, MN?
There are 3 available rental listings in Ely, MN.
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.