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

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

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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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Willow Run
2 to 3 Bedroom Apartments

Willow Run

645 Stonehaven DrAmes, IA 50010
  • Utilities Included
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121 Beach Avenue
1 to 4 Bedroom Apartments

121 Beach Avenue

121 Beach AveAmes, IA 50014
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400 S 4th St
1 Bedroom Apartments

400 S 4th St

400 S 4th StAmes, IA 50010
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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

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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Riverbirch
Studio to 2 Bedroom Apartments

Riverbirch

201 S 5th StAmes, IA 50010
  • Utilities Included
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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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

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 ListingModel NameBed/BathPriced From
301 Main1 Bed 1 Bath1BR,1BA$880
640 S. 4th St.640 S. 4th St. - Unit...2BR,1BA$925
South View ApartmentsLandmark | Classic2BR,1BA$1,050
Prairie West2 Bedroom (Renovated)2BR,1BA$1,225

Best Value Apartments for Rent in Old Town, IA

As of January 24, 2026 the best value apartment in the Old Town area is the $1.48 price per square foot 2 Bedroom (Renovated) Townhome Model at Prairie West in the in the Eagle Ridge neighborhood starting from $1,405. The second greatest value Old Town apartment is the Outlook | Renovated Model at South View Apartments starting at $1,065 with a $1.21 price per square foot in the Grand Junction neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie West2 Bedroom (Renovated) Townhome2BR,1.5BA$1.48
South View ApartmentsOutlook | Renovated2BR,1BA$1.21
640 S. 4th St.640 S. 4th St. - Unit...2BR,1BA$1.13
117 5th St, Unit 201117 5th St2BR,1BA$1.17

Frequently Asked Questions about Cheap Old Town Apartments

What is the lowest price for a Cheap Two Bedroom Old Town Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Town is starting from $925 at 640 S. 4th St..

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.