Cheap Apartments for Rent in the Downtown Ames Neighborhood of Ames, IA from $400 (12 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 3 Beds unit found at Copper Beech priced from $660. Grandview Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $685. Here are the most affordable Downtown Ames apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
Copper Beech3BR/3BA3BR,3BA$660
Grandview Square Apartments1 bedroom 1 bath1BR,1BA$685
Hyland Apartments1 Bedroom Apartment1BR,1BA$820
301 Main1 Bed 1 Bath1BR,1BA$880
Somerset Apartments1 Bed/1 Bath Apartment1BR,1BA$880

Best Value Apartments for Rent in Downtown Ames, IA

As of January 23, 2026 the best value apartment in the Downtown Ames area is the $0.77 price per square foot 2bed 1bth Model at Grandview Square Apartments in the in the Eagle Ridge neighborhood starting from $765. The second greatest value Downtown Ames apartment is the 2 Bed Model at Cardinal South Apartments starting at $1,350 with a $1.35 price per square foot in the Fountainview 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.
Grandview Square Apartments2bed 1bth2BR,1BA$0.77
Cardinal South Apartments2 Bed2BR,2BA$1.35
The Grove2BR/2BA2BR,2BA$0.77
Somerset Apartments2 Bed/1 Bath Apartment2BR,1BA$1.18
Hyland Apartments2 Bed/2 Bath Apartment2BR,2BA$1.23
Crystal Street Apartments2br/2ba2BR,2BA$1.05
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.11
Point at AmesFrisco A2BR,2BA$1.10
Campustown | Student Apartments1x11BR,1BA$1.21
117 5th St, Unit 201117 5th St2BR,1BA$1.17

Frequently Asked Questions about Cheap Downtown Ames Apartments

What is the price of a cheap apartment in Downtown Ames?

The cheapest apartment in Downtown Ames is Grandview Square Apartments which is listed at $685, while the average apartment in Downtown Ames costs $1,112.

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 $668 which is $444 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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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.

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