Cheap Homes for Rent in Ames, IA from $509 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Ames.

property at 333 Rockwell Ave
$585

Total Monthly Price

Base Rent$585

Total Monthly Price$585
5 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

333 Rockwell Ave

AmesIA50014
property at 330 N Franklin Ave
$600 - $1,800

Total Monthly Price

Base Rent$600 - $1,800

Total Monthly Price$600 - $1,800
4 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2401 Knapp St
$990

Total Monthly Price

Base Rent$990

Total Monthly Price$990
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

2401 Knapp St

AmesIA50014
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property at 2317 Clark Ave
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

2317 Clark Ave

AmesIA50010

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 911 North Dakota Ave
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
3 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

Ames, IA Local Guide

Cheapest Neighborhoods for Apartments in Ames, IA

Pricing Updated: 09/08/2026

Current apartment rentals in the Ames, IA area range in price from $344 to $2,457 with an overall median price of $867. The three Ames neighborhoods with the lowest median rent pricing are Dauntless at $775, Fountainview at $817, and North Ames at $849. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ames Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Dauntless$775$35076
Fountainview$817$35089
North Ames$849$344176
East Ames$850$344120
South Ames$857$344215
Grand Junction$860$54936
Campustown$875$34481
Downtown Ames$875$489134
Gateway Hills$875$34477
West Ames$875$344242

Cheapest Available Ames Apartments for Rent

 

The cheapest available apartment rental in Ames, IA is a 4 Beds unit found at The Social West Ames® in the Fountainview neighborhood priced from $469. Copper Beech in the South Ames neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $499. Here is today’s list of the most affordable Ames apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Social West Ames®Langley B Renovated - Station4BR,2BA$469
Copper Beech4BR/4.5BA4BR,4BA$499
Campustown200 Stanton Ave - 4 Bed - 2 Bath - B - UF4BR,2BA$524
The Grove3BR/3BA Upgraded3BR,3BA$599
304 Welch AveStudioStudio,1BA$635

Best Value Apartments for Rent in Ames, IA

As of September 08, 2026 the best value apartment in the Ames area is the $0.36 price per square foot 4 Plus Bedroom/ 3 Bathroom - Lofted Model at 210 Gray - Sunset View in the in the Somerset neighborhood starting from $550. The second greatest value Ames apartment is the #201 Model at Clocktower Place starting at $700 with a $0.49 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Ames apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
210 Gray - Sunset View4 Plus Bedroom/ 3 Bathroom - Lofted4BR,3BA$0.36
Clocktower Place#2015BR,4BA$0.49
West Street Lofts2811 West #2044BR,3BA$0.51
The Social West Ames SteinbeckFurnished Casy Renovated - Steinbeck4BR,2BA$0.37
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
Point at AmesTelluride A3BR,3BA$0.69
The Quarters AmesA - 3x33BR,3BA$0.44
The Madison Apartments3x3 Furnished3BR,3BA$0.55
Mortensen Heights2B2BR,2BA$0.71
The Social ReserveGuthrie - Reserve2BR,1BA$0.70

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Ames

What type of rentals are currently available in Ames?

There are currently 280 Apartments for Rent in Ames, IA with pricing that ranges from $344 to $2,457. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ames ranging from $509 to $3,250.

What is the current price range for Rental Homes in Ames?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ames ranges from $509 to $3,250 with an average monthly rent of $1,671.

How much are larger Three and Four Bedroom Rentals in Ames?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ames range from $450 to $2,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,500. Four Bedroom Single-Family rentals are also available starting from $600 and Four Bedroom Apartments start at $350.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.