Cheap Apartments for Rent in the Somerset Neighborhood of Ames, IA from $400 (51 Rentals)

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

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.

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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Twin Oaks Apartments
Studio to 2 Bedroom Apartments

Twin Oaks Apartments

4210 Lincoln Swing StAmes, IA 50014
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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
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307 Lynn Ave
1 to 4 Bedroom Apartments

307 Lynn Ave

307 Lynn AveAmes, IA 50014
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1005 28th St
1 to 2 Bedroom Apartments

1005 28th St

1005 28th StAmes, IA 50010
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Spruce Pointe
1 to 2 Bedroom Apartments

Spruce Pointe

126 Beedle DrAmes, IA 50014
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4606 Ontario St
2 Bedroom Apartments

4606 Ontario St

4606 Ontario StAmes, IA 50014
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2713 Luther Dr
2 Bedroom Apartments

2713 Luther Dr

2713 Luther DrAmes, IA 50010
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230 Campus Ave
1 to 2 Bedroom Apartments

230 Campus Ave

230 Campus AveAmes, IA 50014
  • 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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3319 Story St
2 to 4 Bedroom Apartments

3319 Story St

3319 Story StAmes, IA 50014
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514-520 Carroll Ave
1 Bedroom Apartments

514-520 Carroll Ave

514-520 Carroll AveAmes, IA 50010
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2707 Luther Dr
2 Bedroom Apartments

2707 Luther Dr

2707 Luther DrAmes, IA 50010
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1217 Delaware Ave
2 Bedroom Apartments

1217 Delaware Ave

1217 Delaware AveAmes, IA 50014
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2721 Luther Dr
1 to 2 Bedroom Apartments

2721 Luther Dr

2721 Luther DrAmes, IA 50010
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141 Campus Ave
2 Bedroom Apartments

141 Campus Ave

141 Campus AveAmes, IA 50014
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244 Hyland Ave
1 to 3 Bedroom Apartments

244 Hyland Ave

244 Hyland AveAmes, IA 50014
  • Utilities Included

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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South Oak
Studio to 2 Bedroom Apartments

South Oak

221 S Oak AveAmes, IA 50010
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Delaware Woods
2 to 3 Bedroom Apartments

Delaware Woods

1121 Delaware AveAmes, IA 50014
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304 Welch Ave
Studio to 2 Bedroom Apartments

304 Welch Ave

304 Welch AveAmes, IA 50014
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247 Sheldon Ave
1 to 2 Bedroom Apartments

247 Sheldon Ave

247 Sheldon AveAmes, IA 50014
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203 Campus
1 to 5 Bedroom Apartments

203 Campus

203 Campus AveAmes, IA 50014
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301 Main
1 Bedroom Apartments

301 Main

301 Main StAmes, IA 50010
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1401 N Dakota Ave
1 to 3 Bedroom Apartments

1401 N Dakota Ave

1401 N Dakota AveAmes, IA 50014
  • Utilities Included

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.

Somerset, Ames, IA Local Guide

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 ListingModel NameBed/BathPriced From
Grandview Square Apartments1 bedroom 1 bath1BR,1BA$700
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$725
246 N Hyland Ave1 bed/ 1 bath1BR,1BA$775
3500 Grand Ave1BR/1.0BA1BR,1BA$825
Wyndsor Terrace1 bed 1 bath1BR,1BA$825
247 Sheldon Ave1 Bedroom/1 Bathroom1BR,1BA$850
225 N Hyland Ave1 bed/ 1 bath1BR,1BA$875
Melrose Park Apartments2 Beds, 1 bath2BR,1BA$880
301 Main1 Bed 1 Bath1BR,1BA$900
Haven ApartmentsElm1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Walnut Ridge3505 Lincoln Way ( 4 bdrm )4BR,3BA$1.05
246 N Hyland Ave3 bed/ 2 bath3BR,2BA$1.19
Alpine Manor Apartments3 Bedroom, 2 Bath Remodel3BR,2BA$1.12
Grandview Square Apartments2bed 1bth2BR,1BA$0.80
Prairie WestAvailable- 2 Bedroom (Half-Renovated)2BR,1BA$1.28
Western Hills Apartments2 Beds, 2 baths2BR,2BA$1.05
2706 Kent Ave2706 Kent Ave ( 2 bedroom )2BR,2BA$1.23
247 Sheldon Ave2 Bedroom/1 Bathroom2BR,1BA$1.24
Melrose Park Apartments2 Beds, 1 bath2BR,1BA$0.98
Wyndsor Terrace1 bed 1 bath1BR,1BA$1.32

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Somerset, Ames, IA

Ranked #7

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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.

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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.

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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.

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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.