Cheap Apartments for Rent in the Downtown Ames Neighborhood of Ames, IA from $400 (17 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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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Showing Results 1-17, Page 1 of 1

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 Campustown priced from $489. Copper Beech has the second lowest priced unit, which is a 4 Beds apartment currently listed from $595. Here are the most affordable Downtown Ames apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
Campustown200 Stanton Ave - 3 Bed - 1 Bath - C - UF3BR,1BA$489
Copper Beech4BR/4.5BA4BR,4BA$595
The Grove3BR/3BA Upgraded3BR,3BA$599
304 Welch AveStudioStudio,1BA$635
203 Campus1 Bed1BR,1BA$650

Best Value Apartments for Rent in Downtown Ames, IA

As of July 29, 2026 the best value apartment in the Downtown Ames area is the $1.22 price per square foot 3 Bedroom TH Model at Brick Towne Ames in the in the South Ames neighborhood starting from $2,200. The second greatest value Downtown Ames apartment is the 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown starting at $584 with a $0.45 price per square foot in the Somerset 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.
Brick Towne Ames3 Bedroom TH3BR,3BA$1.22
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
The Grove3BR/3BA Upgraded3BR,3BA$0.48
Total Property Management 125 Campus Ave.125 Campus4BR,2BA$0.81
Campus Flats3 Bed - Rent by Room3BR,3BA$0.53
Total Property Management 3206 Lincoln Way4 bedroom4BR,2.5BA$0.91
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1.5BA$0.98
Aspen Village2724 Stange (2 bdrm)2BR,2BA$1.22
Crystal Street Apartments2br/2ba2BR,2BA$1.05
The LoftsTwo Bedroom2BR,1BA$0.78

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 203 Campus which is listed at $650, while the average apartment in Downtown Ames costs $999.

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 23 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 $535 which is $464 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.