Search for condos for rent in Ely, IA on Apartments.com. With 0 available, you can find the right condo with the floor plan and amenities that fit your needs. When you rent a condo, you’ll likely rent from an individual owner rather than a property management company. This means units in the same building may have different features and layouts. Be sure to check out the photos and take a tour of the unit as you search for your Ely home. There are some terrific Ely neighborhoods with condos for rent, including Southwest Area. If you’re looking for a budget-friendly condo to rent, try looking in affordable nearby cities like Cedar Rapids, North Liberty and Marion.