Cheap Apartments for Rent in the Downtown Ames Neighborhood of Ames, IA from $400 (13 Rentals)

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

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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
  • Utilities Included
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514-520 Carroll Ave
1 Bedroom Apartments

514-520 Carroll Ave

514-520 Carroll AveAmes, IA 50010
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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. Campus Flats has the second lowest priced unit, which is a 4 Beds apartment currently listed from $655. Here are the most affordable Downtown Ames apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
304 Welch AveStudioStudio,1BA$635
Campus Flats4 Bed - Rent by Room4BR,4BA$655
Copper Beech3BR/3BA3BR,3BA$660
Grandview Square Apartments2bed 1bth2BR,1BA$790
Hyland Apartments1 Bedroom Apartment1BR,1BA$820

Best Value Apartments for Rent in Downtown Ames, IA

As of April 30, 2026 the best value apartment in the Downtown Ames 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 Downtown Ames apartment is the 2bed 1bth Model at Grandview Square Apartments starting at $790 with a $0.79 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Campus Flats3 Bed - Rent by Room3BR,3BA$0.66
Grandview Square Apartments2bed 1bth2BR,1BA$0.79
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1.5BA$0.98
The Grove2BR/2BA2BR,2BA$0.77
Somerset Apartments2 Bed/1 Bath Apartment2BR,1BA$1.18
The Landing AmesB1 - 2x22BR,2BA$0.68
Crystal Street Apartments2br/2ba2BR,2BA$1.05
Point at AmesFrisco B2BR,2BA$1.06
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.11
Timbercreek Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$1.16

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 $920.

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 $980.

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 34 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 $554 which is $426 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.

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