Cheap Apartments for Rent in the Somerset Neighborhood of Ames, IA from $400 (58 Rentals)

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

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126 Welch Ave, Unit 312
$550
Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550
1 Bedroom Apartment Available Aug 1

126 Welch Ave, Unit 312

126 Welch AveAmes, IA 50014
Cost Per Sq.Ft.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 611 Kellogg Ave

$825 - $1,095

1 To 2 Bedroom Rentals

Available Now

611 Kellogg Ave

AmesIA50010

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2317 Clark Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 1

2317 Clark Ave

AmesIA50010
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Twin Oaks Apartments
Studio to 2 Bedroom Apartments

Twin Oaks Apartments

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

520 5th St

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

307 Lynn Ave

307 Lynn AveAmes, IA 50014
  • Utilities Included
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Furman Regency Court
1 to 2 Bedroom Apartments

Furman Regency Court

3020 Regency CtAmes, IA 50010
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1005 28th St
1 to 2 Bedroom Apartments

1005 28th St

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

Spruce Pointe

126 Beedle DrAmes, IA 50014
  • Utilities Included
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2713 Luther Dr
2 Bedroom Apartments

2713 Luther Dr

2713 Luther DrAmes, IA 50010
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South Oak
Studio to 2 Bedroom Apartments

South Oak

221 S Oak AveAmes, IA 50010
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230 Campus Ave
1 to 2 Bedroom Apartments

230 Campus Ave

230 Campus AveAmes, IA 50014
  • Utilities Included
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514-520 Carroll Ave
1 Bedroom Apartments

514-520 Carroll Ave

514-520 Carroll AveAmes, IA 50010
  • Smoke Free
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4112 Lincoln Swing
1 to 2 Bedroom Apartments

4112 Lincoln Swing

4112 Lincoln Swing StAmes, IA 50014
  • Utilities Included
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4606 Ontario St
2 Bedroom Apartments

4606 Ontario St

4606 Ontario StAmes, IA 50014
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2707 Luther Dr
2 Bedroom Apartments

2707 Luther Dr

2707 Luther DrAmes, IA 50010

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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3319 Story St
2 to 4 Bedroom Apartments

3319 Story St

3319 Story StAmes, IA 50014
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4518 Hutchison St
Studio to 2 Bedroom Apartments

4518 Hutchison St

4518 Hutchison StAmes, IA 50014
  • Utilities Included
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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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Delaware Woods
2 to 3 Bedroom Apartments

Delaware Woods

1121 Delaware AveAmes, IA 50014

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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Showing Results 1-50, Page 1 of 2

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 3 Beds unit found at Campustown priced from $489. 304 Welch Ave has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here are the most affordable Somerset apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
Campustown200 Stanton Ave - 3 Bed - 1 Bath - C - UF3BR,1BA$489
304 Welch AveStudioStudio,1BA$635
203 Campus1 Bed1BR,1BA$650
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$699
Melrose Park Apartments1 Bed/1 Bath Apartment1BR,1BA$785
Somerset ApartmentsStudio ApartmentStudio,1BA$800
Hyland Apartments1 Bedroom Apartment1BR,1BA$820
Wyndsor Terrace2 bed 1 bath2BR,1BA$825
South Oak2 Bedroom B2BR,1BA$850

Best Value Apartments for Rent in Somerset, IA

As of July 23, 2026 the best value apartment in the Somerset area is the $1.03 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,000. The second greatest value Somerset apartment is the 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown starting at $584 with a $0.45 price per square foot in the Somerset 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 Ridge3515 Lincoln Way ( 4 bdrm )4BR,3BA$1.03
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
Campus Flats3 Bed - Rent by Room3BR,3BA$0.53
Alpine Manor Apartments3 Bedroom, 2 Bath Remodel3BR,2BA$1.17
Hyland Apartments2 Bed/2 Bath Apartment2BR,2BA$1.23
Aspen Village2724 Stange (2 bdrm)2BR,2BA$1.22
Wyndsor Terrace2 bed 1 bath2BR,1BA$1.01
South Oak2 Bedroom B2BR,1BA$1.10
The LoftsTwo Bedroom2BR,1BA$0.78
810 Clark Ave, Unit 810810 Clark Ave2BR,1BA$1.25

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Somerset, Ames, IA

Ranked #13

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.

Frequently Asked Questions about Cheap Somerset Apartments

What is the Cheapest Studio apartment in Somerset?

Currently the most affordable Cheap Studio Apartment in Somerset is at 304 Welch Ave listed at $635.

How much is rent for a Cheap One Bedroom Somerset Apartment?

The lowest price for a Cheap One Bedroom Somerset Apartment is $650 at 203 Campus.

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

Today's best deal for a Cheap Two Bedroom Apartment in Somerset is starting from $795 at Melrose Park Apartments.

What is the most affordable Somerset Three Bedroom Apartment?

The best deal on a cheap Somerset Three Bedroom Apartment rental is at Campustown and starts from $489.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.