
Cheap Apartments for Rent in the Somerset Neighborhood of Ames, IA from $400 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Somerset area of Ames.


304 Welch Ave

Furman Regency Court

203 Campus

Western Hills Apartments

Grandview Square Apartments

921 Duff Ave

Melrose Park Apartments
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.

Total Monthly Price
126 Welch Ave

Windsor Pointe

Total Monthly Price
808 Clark Ave, Unit 808 Clark Ave

Wyndsor Terrace

129 Kingsbury Ave

2721 Luther Dr

Hickory Ridge Apartments

Somerset Apartments
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.

Twin Oaks Apartments

520 5th St

307 Lynn Ave

1005 28th St

2929 West Street

Spruce Pointe

4112 Lincoln Swing

2713 Luther Dr
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.

230 Campus Ave

2707 Luther Dr

514-520 Carroll Ave

4606 Ontario St

1006 Lincoln Way

3319 Story St.

1225 Delaware

1217 Delaware
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

4518 Hutchison
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 | $920 | $675 | $1,500 |
| Somerset 1 Bedroom Apartments | $938 | $650 | $1,600 |
| Somerset 2 Bedroom Apartments | $1,144 | $765 | $2,000 |
| Somerset 3 Bedroom Apartments | $1,347 | $750 | $2,370 |
| Somerset 4 Bedroom Apartments | $1,311 | $680 | $2,880 |
Browse Apartments in this Neighborhood
There are currently 34 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 Studio unit found at 304 Welch Ave priced from $635. Melrose Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $705. Here are the most affordable Somerset apartments for rent in Ames, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 304 Welch Ave | Studio | Studio,1BA | $635 |
| Melrose Park Apartments | 1 Bed/1 Bath Apartment | 1BR,1BA | $705 |
| Windsor Pointe | Aspen 60% | 1BR,1BA | $725 |
| Western Hills Apartments | 1 Bed/1 Bath Apartment | 1BR,1BA | $745 |
| Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $765 |
| Wyndsor Terrace | Studio | Studio,1BA | $765 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $799 |
| Hyland Apartments | 1 Bedroom Apartment | 1BR,1BA | $820 |
| 3500 Grand Ave | 1BR/1.0BA | 1BR,1BA | $825 |
Best Value Apartments for Rent in Somerset, IA
As of March 03, 2026 the best value apartment in the Somerset area is the $0.77 price per square foot 2bed 1bth Model at Grandview Square Apartments in the in the Eagle Ridge neighborhood starting from $765. The second greatest value Somerset apartment is the 2 Bedroom/1.5 Bathroom - 977 sq ft Model at Grayhawk Apartments starting at $1,415 with a $1.45 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. |
|---|---|---|---|
| Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $0.77 |
| Grayhawk Apartments | 2 Bedroom/1.5 Bathroom - 977 sq ft | 2BR,1.5BA | $1.45 |
| 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 |
| Point at Ames | Frisco B | 2BR,2BA | $1.06 |
| Campustown | Student Apartments | 1x1 | 1BR,1BA | $1.21 |
| 808 Clark Ave, Unit 808 Clark Ave | 808 Clark Ave | 1BR,1BA | $1.18 |
| 3500 Grand Ave | 1BR/1.0BA | 1BR,1BA | $1.32 |
| Melrose Park Apartments | 1 Bed/1 Bath Apartment | 1BR,1BA | $1.29 |
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 #11
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
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 $825.
What is the price of a cheap apartment in Somerset?
The cheapest apartment in Somerset is Melrose Park Apartments which is listed at $705, while the average apartment in Somerset costs $1,350.
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 50 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 $558 which is $792 cheaper than the average rent for all rentals in Somerset.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.