Ely, MN rental market
Last updated August 8, 2025
Rental market summary
The average rent for all bedrooms and all property types in Ely, MN is $1,217.
$1,217
+$169
+$1,217
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,190 to $2,500.
| Rent price | Number of rental properties |
|---|---|
| $1,200 | 1 |
| $2,400 | 1 |
| $2,500+ | 1 |
Average rent price over time
In the last year, rent has increased by $1,217 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $700 | $1,054 |
| Feb | $700 | $1,051 |
| Mar | $972 | $1,047 |
| Apr | $972 | $1,114 |
| May | $972 | No data |
| Jun | $1,062 | No data |
| Jul | $1,375 | No data |
Market temperature
The Ely, MN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Ely, MN is 42% lower than the national average.
$1,217
$2,100
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Frequently asked questions
1. What is the average rent in Ely, MN?
The average rent in Ely, MN is $1,217.
2. How much does it cost to rent a house in Ely, MN?
Houses in Ely, MN rent between $1,190 - $2,500 with an average rent of $1,217.
3. How has the rent in Ely, MN changed in the last year?
In the last year, the rent in Ely, MN increased by $1,217
4. How much has the rent in Ely, MN increased/decreased in the last month?
In the last month, the rent in Ely, MN increased by $169
5. How many available rentals are there in Ely, MN?
There are currently 2 rentals available in Ely, MN.
6. How do rent prices in Ely, MN compare with the national average?
The average rent in Ely, MN is $1,217 — 42.05% lower the national average of $2,100.