
Cheap Apartments for Rent in the Downtown Ames Neighborhood of Ames, IA from $400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ames area of Ames.


203 Campus

Townhomes at Creekside

Total Monthly Price
808 Clark Ave, Unit 808 Clark Ave

Gateway
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Somerset Apartments

Aspen Village

520 5th St

514-520 Carroll Ave

205 Washington Ave
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Downtown Ames, Ames, IA Local Guide

How much does it cost to rent an apartment in Downtown Ames?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Ames Studio Apartments | $976 | $799 | $1,500 |
| Downtown Ames 1 Bedroom Apartments | $1,004 | $650 | $1,600 |
| Downtown Ames 2 Bedroom Apartments | $1,203 | $615 | $2,000 |
| Downtown Ames 3 Bedroom Apartments | $963 | $465 | $2,150 |
| Downtown Ames 4 Bedroom Apartments | $1,059 | $445 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Ames Neighborhood of Ames, IA.
See all Apartments in AmesExplore Ames
Cheapest Available Downtown Ames Apartments for Rent
 The cheapest available apartment rental in the Downtown Ames area of Ames, IA is a Studio unit found at 304 Welch Ave priced from $635. Copper Beech has the second lowest priced unit, which is a 3 Beds apartment currently listed from $660. Here are the most affordable Downtown Ames apartments for rent in Ames, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 304 Welch Ave | Studio | Studio,1BA | $635 |
| Copper Beech | 3BR/3BA | 3BR,3BA | $660 |
| Hyland Apartments | 1 Bedroom Apartment | 1BR,1BA | $820 |
Best Value Apartments for Rent in Downtown Ames, IA
As of March 15, 2026 the best value apartment in the Downtown Ames area is the $0.77 price per square foot 2BR/2BA Model at The Grove in the in the Grand Junction neighborhood starting from $735. The second greatest value Downtown Ames apartment is the 2 Bed/1 Bath Apartment Model at Somerset Apartments starting at $1,100 with a $1.18 price per square foot in the Eagle Ridge neighborhood. Here is today’s list of the best values for Downtown Ames apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Grove | 2BR/2BA | 2BR,2BA | $0.77 |
| Somerset Apartments | 2 Bed/1 Bath Apartment | 2BR,1BA | $1.18 |
| The Landing Ames | B1 - 2x2 | 2BR,2BA | $0.68 |
| Hyland Apartments | 2 Bed/2 Bath Apartment | 2BR,2BA | $1.23 |
| Crystal Street Apartments | 2br/2ba | 2BR,2BA | $1.05 |
| Point at Ames | Frisco B | 2BR,2BA | $1.06 |
| Campus Flats | 2 Bedroom | 2BR,2BA | $0.88 |
| Laverne Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.11 |
| Timbercreek Apartments | 2 Bedrooms / 2 Bathrooms | 2BR,2BA | $1.16 |
| Campustown | Student Apartments | 1x1 | 1BR,1BA | $1.21 |
Frequently Asked Questions about Cheap Downtown Ames Apartments
What is a cheap apartment in Downtown Ames?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Ames is under $990.
What is the price of a cheap apartment in Downtown Ames?
The cheapest apartment in Downtown Ames is Hyland Apartments which is listed at $820, while the average apartment in Downtown Ames costs $1,102.
What types of apartments are the cheapest in Downtown Ames?
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 36 regular apartments in Downtown Ames 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 Downtown Ames?
Cheap apartments in Downtown Ames have an average cost of $619 which is $483 cheaper than the average rent for all rentals in Downtown Ames.
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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.