
Cheap Apartments for Rent in the Somerset Neighborhood of Ames, IA from $400 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Somerset area of Ames.


Western Hills Apartments

Grandview Square Apartments

Hickory Ridge Apartments

Somerset Apartments

Hyland Apartments

Ferndale Furman Apartments
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.

Total Property Management 134 Campus

Haven Apartments

1106 Burnett Ave

105 O'Neil Dr

Windsor Pointe

The Heights at Lincoln Swing

Alpine Manor Apartments
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Campus West

Cardinal Terrace
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Somerset, Ames, IA Local Guide

How much does it cost to rent an apartment in Somerset?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Somerset Studio Apartments | $876 | $675 | $1,500 |
Somerset 1 Bedroom Apartments | $970 | $635 | $1,595 |
Somerset 2 Bedroom Apartments | $1,220 | $800 | $1,799 |
Somerset 3 Bedroom Apartments | $1,378 | $755 | $2,370 |
Somerset 4 Bedroom Apartments | $1,601 | $660 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Somerset Neighborhood of Ames, IA.
See all Apartments in AmesExplore Ames
Somerset, Ames, IA Local Guide
- Nearby Ames neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Somerset Apartments for Rent
 The cheapest available apartment rental in the Somerset area of Ames, IA is a 1 Bed unit found at Grandview Square Apartments priced from $700. Hickory Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Somerset apartments for rent in Ames, IA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grandview Square Apartments | 1 bedroom 1 bath | 1BR,1BA | $700 |
Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $725 |
246 N Hyland Ave | 1 bed/ 1 bath | 1BR,1BA | $775 |
3500 Grand Ave | 1BR/1.0BA | 1BR,1BA | $825 |
Wyndsor Terrace | 1 bed 1 bath | 1BR,1BA | $825 |
247 Sheldon Ave | 1 Bedroom/1 Bathroom | 1BR,1BA | $850 |
225 N Hyland Ave | 1 bed/ 1 bath | 1BR,1BA | $875 |
Melrose Park Apartments | 2 Beds, 1 bath | 2BR,1BA | $880 |
301 Main | 1 Bed 1 Bath | 1BR,1BA | $900 |
Haven Apartments | Elm | 1BR,1BA | $900 |
Best Value Apartments for Rent in Somerset, IA
As of October 13, 2025 the best value apartment in the Somerset area is the $1.05 price per square foot 3505 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,280. The second greatest value Somerset apartment is the 3 bed/ 2 bath Model at 246 N Hyland Ave starting at $1,425 with a $1.19 price per square foot in the Eagle Ridge neighborhood. Here is today’s list of the best values for Somerset apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Walnut Ridge | 3505 Lincoln Way ( 4 bdrm ) | 4BR,3BA | $1.05 |
246 N Hyland Ave | 3 bed/ 2 bath | 3BR,2BA | $1.19 |
Alpine Manor Apartments | 3 Bedroom, 2 Bath Remodel | 3BR,2BA | $1.12 |
Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $0.80 |
Prairie West | Available- 2 Bedroom (Half-Renovated) | 2BR,1BA | $1.28 |
Western Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
2706 Kent Ave | 2706 Kent Ave ( 2 bedroom ) | 2BR,2BA | $1.23 |
247 Sheldon Ave | 2 Bedroom/1 Bathroom | 2BR,1BA | $1.24 |
Melrose Park Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.98 |
Wyndsor Terrace | 1 bed 1 bath | 1BR,1BA | $1.32 |
Quick Rent Budget Calculator
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.
Pet Friendly LifestyleSomerset, Ames, IA
Ranked #7
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Ames. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Getting Around the Somerset Neighborhood in Ames, IA
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
87 / 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.
Frequently Asked Questions about Cheap Somerset Apartments
What is a cheap apartment in Somerset?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Somerset is under $900.
What is the price of a cheap apartment in Somerset?
The cheapest apartment in Somerset is Grandview Square Apartments which is listed at $700, while the average apartment in Somerset costs $1,980.
What types of apartments are the cheapest in Somerset?
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 7 regular apartments in Somerset 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 Somerset?
Cheap apartments in Somerset have an average cost of $661 which is $1,319 cheaper than the average rent for all rentals in Somerset.
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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.