
Cheap Homes for Rent in Somerset Neighborhood of Ames, IA from $400 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Somerset area of Ames.


2117 Barr Dr

209 E 6th St

921 Douglas Ave

1116 28th St

1013 28th St

4406 Castlewood Pl
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.

323 N Franklin Ave

2004 Kellogg Ave

1404 Crescent St

3013 Kellogg Ave

2721 Ferndale Ave, Unit 4

1238 Michigan Ave

312 E 6th 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.

435 Hawthorne Ave

2319 Clark Ave

1240 Michigan Ave

1234 Michigan Ave

2406 Ferndale Ave

603 E 16th St

2818 Ross Rd
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.

231 S Wilmoth Ave

1116 Top-O-Hollow Rd
Somerset, Ames, IA Local Guide

How much does it cost to rent a home in Somerset?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Somerset 2 Bedroom Homes for Rent | $997 | $795 | $1,200 |
| Somerset 3 Bedroom Homes for Rent | $1,413 | $990 | $2,050 |
| Somerset 4 Bedroom Homes for Rent | $1,924 | $420 | $2,950 |
| Somerset 5 Bedroom Homes for Rent | $2,700 | $1,800 | $3,800 |
| Somerset 6 Bedroom Homes for Rent | $4,320 | $4,320 | $4,320 |
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Somerset Neighborhood of Ames, IA.
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Somerset, Ames, IA Local Guide
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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 1005 28th St priced from $640. Grandview Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Somerset apartments for rent in Ames, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1005 28th St | 1 BR | 1BR,1BA | $640 |
| Grandview Square Apartments | 1 bedroom 1 bath | 1BR,1BA | $675 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $725 |
| Wyndsor Terrace | Studio | Studio,1BA | $765 |
| 1225 Delaware | 2 Bed/ 1 Bath - Ground Level | 2BR,1BA | $770 |
Best Value Apartments for Rent in Somerset, IA
As of February 03, 2026 the best value apartment in the Somerset area is the $0.67 price per square foot 1311 Delaware Ave Model at 1311 Delaware Ave, Unit 1 in the in the Eagle Ridge neighborhood starting from $800. The second greatest value Somerset apartment is the 2bed 1bth Model at Grandview Square Apartments starting at $765 with a $0.77 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. |
|---|---|---|---|
| 1311 Delaware Ave, Unit 1 | 1311 Delaware Ave | 2BR,1BA | $0.67 |
| Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $0.77 |
| Somerset Apartments | 2 Bed/1 Bath Apartment | 2BR,1BA | $1.18 |
| 2715 Ferndale Ave, Unit 1 | 2715 Ferndale Ave | 2BR,1BA | $0.84 |
| Hyland Apartments | 2 Bed/2 Bath Apartment | 2BR,2BA | $1.23 |
| Windsor Pointe | Hickory 60% | 2BR,1BA | $1.04 |
| Point at Ames | Frisco A | 2BR,2BA | $1.10 |
| Campustown | Student Apartments | 1x1 | 1BR,1BA | $1.21 |
| 1005 28th St | 1 BR | 1BR,1BA | $1.03 |
| 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 #10
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Somerset
What type of rentals are currently available in Somerset?
There are currently 154 Apartments for Rent in Somerset, IA with pricing that ranges from $635 to $2,825. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Somerset ranging from $420 to $4,320.
What is the current price range for Rental Homes in Somerset?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Somerset ranges from $420 to $4,320 with an average monthly rent of $2,043.
How much are larger Three and Four Bedroom Rentals in Somerset?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Somerset range from $750 to $2,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $990 to $2,050. Four Bedroom Single-Family rentals are also available starting from $420 and Four Bedroom Apartments start at $715.
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

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.

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.