Cheap Apartments for Rent in the Campustown Neighborhood of Ames, IA from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Campustown area of Ames.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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312 Hayward Ave
Studio to 2 Bedroom Apartments

312 Hayward Ave

312 Hayward AveAmes, IA 50014
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3404 Coy St
2 Bedroom Apartments

3404 Coy St

3404 Coy StAmes, IA 50014
  • Utilities Included
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307 Lynn Ave
1 to 4 Bedroom Apartments

307 Lynn Ave

307 Lynn AveAmes, IA 50014
  • Utilities Included
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230 Campus Ave
1 to 2 Bedroom Apartments

230 Campus Ave

230 Campus AveAmes, IA 50014
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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3319 Story St.
2 to 4 Bedroom Apartments

3319 Story St.

3319 Story StAmes, IA 50014
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Oakwood
1 to 3 Bedroom Apartments

Oakwood

2101 Oakwood RdAmes, IA 50014
  • Utilities Included
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South Oak
Studio to 2 Bedroom Apartments

South Oak

221 S Oak AveAmes, IA 50010
  • Utilities Included
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141 Campus
2 Bedroom Apartments

141 Campus

141 Campus AveAmes, IA 50014
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2644 Hunt St
1 to 3 Bedroom Apartments

2644 Hunt St

2644 Hunt StAmes, IA 50014
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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121 Howard
2 to 3 Bedroom Apartments

121 Howard

121 HowardAmes, IA 50014
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218 Hyland
1 to 2 Bedroom Apartments

218 Hyland

218 N Hyland AveAmes, IA 50014
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246 Hyland
1 to 3 Bedroom Apartments

246 Hyland

246 N Hyland AveAmes, IA 50014
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Cardinal Terrace
1 to 2 Bedroom Apartments

Cardinal Terrace

211 Lynn AveAmes, IA 50014
Student Housing
  • Utilities Included
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Campus West
2 to 3 Bedroom Apartments

Campus West

312-320 Hillcrest AveAmes, IA 50014
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Campustown, Ames, IA Local Guide

Cheapest Available Campustown Apartments for Rent

 

The cheapest available apartment rental in the Campustown area of Ames, IA is a Studio unit found at 304 Welch Ave priced from $635. Campus Flats has the second lowest priced unit, which is a 4 Beds apartment currently listed from $655. Here are the most affordable Campustown apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
304 Welch AveStudioStudio,1BA$635
Campus Flats4 Bed - Rent by Room4BR,4BA$655
Hyland Apartments1 Bedroom Apartment1BR,1BA$820
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$950
The LoftsEfficiency CornerStudio,1BA$990
Total Property Management 134 Campus134 Campus Ave ( 2 bdrm )2BR,1BA$1,190
Cardinal South Apartments2 Bed2BR,2BA$1,350
Arbor Hills2 Bedroom Townhome2BR,1BA$1,350
Total Property Management 528-530 Welch Ave.528 Welch Ave3BR,1BA$1,350
Total Property Management 3206 Lincoln Way3 bedrooms3BR,1BA$1,350

Best Value Apartments for Rent in Campustown, IA

As of April 14, 2026 the best value apartment in the Campustown area is the $0.66 price per square foot 3 Bed - Rent by Room Model at Campus Flats in the in the Eagle Ridge neighborhood starting from $750. The second greatest value Campustown apartment is the 4 bedroom Model at Total Property Management 3206 Lincoln Way starting at $1,700 with a $1.55 price per square foot in the Eagle Ridge neighborhood. Here is today’s list of the best values for Campustown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Campus Flats3 Bed - Rent by Room3BR,3BA$0.66
Total Property Management 3206 Lincoln Way4 bedroom4BR,2.5BA$1.55
Arbor Hills3 Bedroom Townhome3BR,1.5BA$1.57
Cardinal South Apartments2 Bed2BR,2BA$1.35
Hyland Apartments2 Bed/2 Bath Apartment2BR,2BA$1.23
Point at AmesFrisco B2BR,2BA$1.06
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.11
Total Property Management 528-530 Welch Ave.528 Welch Ave3BR,1.5BA$1.59
Total Property Management 134 Campus134 Campus Ave ( 2 bdrm )2BR,1.5BA$1.49
Campustown | Student Apartments1x11BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Campustown, Ames, IA

Ranked #15

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Campustown Apartments

What is a cheap apartment in Campustown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Campustown is under $1,350.

What types of apartments are the cheapest in Campustown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 20 regular apartments in Campustown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Campustown?

Cheap apartments in Campustown have an average cost of $650 which is $550 cheaper than the average rent for all rentals in Campustown.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.