
Cheap Apartments for Rent in the Somerset Neighborhood of Ames, IA from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Somerset area of Ames.


Western Hills Apartments

Grandview Square Apartments

117 5th St, Unit 201

Melrose Park Apartments

Hickory Ridge Apartments

209 Todd Cir
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.

Wyndsor Terrace

Somerset Apartments

Twin Oaks Apartments

520 5th St

307 Lynn Ave

Furman Regency Court

1005 28th St
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.

Spruce Pointe

2929 West Street

4112 Lincoln Swing

2713 Luther Dr

230 Campus Ave

514-520 Carroll Ave

4606 Ontario St
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.

2707 Luther Dr

1006 Lincoln Way

2721 Luther Dr

3319 Story St.

1217 Delaware

1225 Delaware

4518 Hutchison
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

205 Washington Ave

South Oak
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 | $866 | $635 | $1,500 |
| Somerset 1 Bedroom Apartments | $998 | $685 | $1,595 |
| Somerset 2 Bedroom Apartments | $1,149 | $700 | $1,799 |
| Somerset 3 Bedroom Apartments | $1,370 | $750 | $2,370 |
| Somerset 4 Bedroom Apartments | $1,192 | $705 | $2,825 |
Browse Apartments in this Neighborhood
There are currently 30 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
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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 $685. 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 | $685 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $725 |
| Western Hills Apartments | 1 Bed/1 Bath Apartment | 1BR,1BA | $745 |
| Wyndsor Terrace | Studio | Studio,1BA | $765 |
| Hyland Apartments | 1 Bedroom Apartment | 1BR,1BA | $820 |
| 3500 Grand Ave | 1BR/1.0BA | 1BR,1BA | $825 |
| Windsor Pointe | Hickory 60% | 2BR,1BA | $825 |
| Aspen Village | 2724 Stange ( 1 bdrm) | 1BR,1BA | $845 |
| Total Property Management 134 Campus | 134 Campus Ave ( 1 bdrm ) | 1BR,1BA | $875 |
Best Value Apartments for Rent in Somerset, IA
As of January 14, 2026 the best value apartment in the Somerset area is the $1.25 price per square foot 3505 Lincoln Way ( 3 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $1,845. The second greatest value Somerset apartment is the 3427 Polaris ( 3 bedroom ) Model at Northern Lights Apartments starting at $1,170 with a $1.14 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 ( 3 bdrm ) | 3BR,3BA | $1.25 |
| Northern Lights Apartments | 3427 Polaris ( 3 bedroom ) | 3BR,2BA | $1.14 |
| Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $0.77 |
| Somerset Apartments | 2 Bed/1 Bath Apartment | 2BR,1BA | $1.18 |
| Western Hills Apartments | 2 Bed/2 Bath Apartment | 2BR,2BA | $1.05 |
| Hyland Apartments | 2 Bed/2 Bath Apartment | 2BR,2BA | $1.23 |
| The Heights at Lincoln Swing | #204 (3B) | 3BR,2BA | $1.15 |
| Point at Ames | Frisco A | 2BR,2BA | $1.10 |
| Campustown | Student Apartments | 1x1 | 1BR,1BA | $1.21 |
| 117 5th St, Unit 201 | 117 5th St | 2BR,1BA | $1.17 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Frequently Asked Questions about Cheap Somerset Apartments
How much is rent for a Cheap One Bedroom Somerset Apartment?
The lowest price for a Cheap One Bedroom Somerset Apartment is $685 at Grandview Square Apartments.
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 $765 at Grandview Square Apartments.
What is the most affordable Somerset Three Bedroom Apartment?
The best deal on a cheap Somerset Three Bedroom Apartment rental is at The Heights at Lincoln Swing and starts from $985.
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

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.

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!