Cheap Homes for Rent in Ames, IA from $500 (26 Rentals)

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Ames, IA Local Guide

Cheapest Neighborhoods for Apartments in Ames, IA

Pricing Updated: 10/23/2025

Current apartment rentals in the Ames, IA area range in price from $384 to $2,775 with an overall median price of $1,409. The three Ames neighborhoods with the lowest median rent pricing are Grand Junction at $605, Fountainview at $384, and North Ames at $459. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ames Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Grand Junction$980$6058
Fountainview$1,025$38460
North Ames$1,025$45996
Downtown Ames$1,067$46563
South Ames$1,075$384112
West Ames$1,117$384176
Old Town$1,310$6254
Bel-Air$1,367$67512
West Campus Village$1,400$459139
Campustown$1,449$62531

Cheapest Available Ames Apartments for Rent

 

The cheapest available apartment rental in Ames, IA is a 1 Bed unit found at Grandview Square Apartments in the Eagle Ridge neighborhood priced from $675. Townhomes at Creekside in the Fountainview neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Ames apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grandview Square Apartments1 bedroom 1 bath1BR,1BA$675
Townhomes at Creekside2 Bedroom2BR,1BA$675
4112 Lincoln Swing2 Bed/ 1 Bath2BR,1BA$720
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$725
4606 Ontario St2 Bedroom2BR,1BA$740
3319 Story St2 BR/ 1 BA2BR,1BA$750
Wyndsor TerraceStudioStudio,1BA$750
1225 Delaware Ave2 BR/ 1 BA2BR,1BA$770
1217 Delaware Ave1217 Delaware Ave - 2 Bed/ 1 Bath Ground Level2BR,1BA$770
The Ridge Apartments1 Bedroom/1 Bathroom1BR,1BA$775

Best Value Apartments for Rent in Ames, IA

As of October 23, 2025 the best value apartment in the Ames area is the $0.24 price per square foot 4 Bedroom/2 Bathroom Model at Tripp Street Apartments in the in the Fountainview neighborhood starting from $300. The second greatest value Ames apartment is the Montrose Renovated - Station Model at The Social West Ames® starting at $549 with a $0.45 price per square foot in the Fountainview 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.
Tripp Street Apartments4 Bedroom/2 Bathroom4BR,2BA$0.24
The Social West Ames®Montrose Renovated - Station3BR,2BA$0.45
The Quarters AmesB - 2x22BR,2BA$0.63
The Madison3x3 Unfurnished3BR,3BA$0.47
Grandview Square Apartments2bed 1bth2BR,1BA$0.80
1225 Delaware Ave2 BR/ 1 BA - Balcony2BR,2BA$0.80
1217 Delaware Ave1217 Delaware Ave - 2 Bed/ 1 Bath Upper Level2BR,1BA$0.80
Ferndale Furman Apartments2nd & 3rd Floor Units2BR,1.5BA$0.91
Townhomes at Creekside2 Bedroom2BR,1BA$0.78
4606 Ontario St2 Bedroom2BR,1BA$0.87

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Ames, IA
Population: 67,154

Ranked #547

in US Census Population by City

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Best Local Schools in
Ames, IA

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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 244 Apartments for Rent in Ames, IA with pricing that ranges from $384 to $2,775. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ames ranging from $500 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 $500 to $3,250 with an average monthly rent of $1,721.

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 $485 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $384.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.