Cheap Apartments for Rent in the Grand Junction Neighborhood of Ames, IA from $500 (17 Rentals)

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

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Willow Run
2 to 3 Bedroom Apartments

Willow Run

645 Stonehaven DrAmes, IA 50010
  • Utilities Included
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400 S 4th St
1 Bedroom Apartments

400 S 4th St

400 S 4th StAmes, IA 50010

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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South View Apartments
2 Bedroom Apartments

South View Apartments

209-227 S 5th StAmes, IA 50010
Corporate Housing
  • Utilities Included
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Oak Brooke
2 to 3 Bedroom Apartments

Oak Brooke

422 Stonehaven DrAmes, IA 50010
  • Utilities Included
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Riverbirch
Studio to 2 Bedroom Apartments

Riverbirch

201 S 5th StAmes, IA 50010
  • 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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South Oak
Studio to 2 Bedroom Apartments

South Oak

221 S Oak AveAmes, IA 50010
  • Utilities Included
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301 Main
1 Bedroom Apartments

301 Main

301 Main StAmes, IA 50010
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Maple Glen
1 to 3 Bedroom Apartments

Maple Glen

229 S 5th StAmes, IA 50010
  • Utilities Included
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Walnut Place
1 to 4 Bedroom Apartments

Walnut Place

232 S Walnut AveAmes, IA 50010
Student Housing
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Glenbrook Apartments
1 to 2 Bedroom Apartments

Glenbrook Apartments

520 S 4th StAmes, IA 50010
  • Utilities Included

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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Walnut Apartments
2 Bedroom Apartments

Walnut Apartments

419-429 S Walnut AveAmes, IA 50010
  • Utilities Included

Cheapest Available Grand Junction Apartments for Rent

 

The cheapest available apartment rental in the Grand Junction area of Ames, IA is a 3 Beds unit found at The Grove priced from $610. 640 S. 4th St. has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Grand Junction apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
The Grove3BR/3BA Upgraded3BR,3BA$610
640 S. 4th St.640 S. 4th St. - Unit...1BR,1BA$785
301 Main1 Bed 1 Bath1BR,1BA$880
Timbercreek Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$950
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1BA$980

Best Value Apartments for Rent in Grand Junction, IA

As of May 30, 2026 the best value apartment in the Grand Junction area is the $0.50 price per square foot 3BR/3BA Model at The Grove in the in the Grand Junction neighborhood starting from $625. The second greatest value Grand Junction apartment is the 3 Bed/ 1.5 Bath Model at 1108 S. 4th Street starting at $980 with a $0.98 price per square foot in the Grand Junction neighborhood. Here is today’s list of the best values for Grand Junction apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Grove3BR/3BA3BR,3BA$0.50
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1.5BA$0.98
South View ApartmentsOutlook | Renovated2BR,1BA$1.21
Timbercreek Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$1.16
640 S. 4th St.640 S. 4th St. - Unit...1BR,1BA$1.27

Frequently Asked Questions about Cheap Grand Junction Apartments

What types of apartments are the cheapest in Grand Junction?

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 3 regular apartments in Grand Junction 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 Grand Junction?

Cheap apartments in Grand Junction have an average cost of $551 which is $399 cheaper than the average rent for all rentals in Grand Junction.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.