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Cheap Apartments for Rent in the Old Town Neighborhood of Ames, IA from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of Ames.
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Rent Specials
$790 - $9001 to 2 Bedroom Apartments Contact Us For Availability
420 S 4th St
420 S 4th StAmes, IA 50010
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$1,140 - $1,6752 to 3 Bedroom Apartments Available Now
Prairie West
2330 Prairie View West DrAmes, IA 50010
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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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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Showing Results 1-17, Page 1 of 1
Old Town, Ames, IA Local Guide
How much does it cost to rent an apartment in Old Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town 1 Bedroom Apartments | $888 | $625 | $1,035 |
| Old Town 2 Bedroom Apartments | $1,145 | $880 | $1,882 |
| Old Town 3 Bedroom Apartments | $1,468 | $980 | $1,795 |
| Old Town 4 Bedroom Apartments | $1,795 | $1,795 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Old Town Neighborhood of Ames, IA.
See all Apartments in AmesExplore Ames
Old Town, Ames, IA Local Guide
- Nearby Ames neighborhoods
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Cheapest Available Old Town Apartments for Rent
The cheapest available apartment rental in the Old Town area of Ames, IA is a 1 Bed unit found at 301 Main priced from $880. 640 S. 4th St. has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here are the most affordable Old Town apartments for rent in Ames, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 301 Main | 1 Bed 1 Bath | 1BR,1BA | $880 |
| 640 S. 4th St. | 640 S. 4th St. - Unit... | 2BR,1BA | $925 |
| South View Apartments | Landmark | Classic | 2BR,1BA | $1,050 |
| Prairie West | November- 2 Bedroom (Renovated) Townhome | 2BR,1BA | $1,405 |
Best Value Apartments for Rent in Old Town, IA
As of December 09, 2025 the best value apartment in the Old Town area is the $0.35 price per square foot 121 7th St Model at 121 7th St, Unit 121 in the in the Eagle Ridge neighborhood starting from $875. The second greatest value Old Town apartment is the November- 2 Bedroom (Renovated) Townhome Model at Prairie West starting at $1,405 with a $1.48 price per square foot in the Eagle Ridge neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 121 7th St, Unit 121 | 121 7th St | 1BR,1BA | $0.35 |
| Prairie West | November- 2 Bedroom (Renovated) Townhome | 2BR,1.5BA | $1.48 |
| South View Apartments | Outlook | Renovated | 2BR,1BA | $1.21 |
| 640 S. 4th St. | 640 S. 4th St. - Unit... | 2BR,1BA | $1.13 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleOld Town, Ames, IA
Ranked #11
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Old Town Neighborhood in Ames, IA
Walk Score®
73 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.