Cheap Apartments for Rent in the South Ames Neighborhood of Ames, IA from $400 (74 Rentals)

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

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126 Welch Ave
$725 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $1,200
Total Monthly Price
$725 - $1,200
1 to 2 Bedroom Apartment Available Aug 1

126 Welch Ave

126 Welch AveAmes, IA 50014
Affordability

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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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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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.

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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
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312 Hayward Ave
Studio to 2 Bedroom Apartments

312 Hayward Ave

312 Hayward AveAmes, IA 50014

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.

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3404 Coy St
2 Bedroom Apartments

3404 Coy St

3404 Coy StAmes, IA 50014
  • 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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640 S. 4th St.
Studio to 2 Bedroom Apartments

640 S. 4th St.

620-640 S 4th StAmes, IA 50010
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2929 West Street
1 Bedroom Apartments

2929 West Street

2929-2933 West StAmes, IA 50014
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Spruce Pointe
1 to 2 Bedroom Apartments

Spruce Pointe

126 Beedle DrAmes, IA 50014
  • Utilities Included
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4112 Lincoln Swing
1 to 2 Bedroom Apartments

4112 Lincoln Swing

4112 Lincoln Swing StAmes, IA 50014
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230 Campus Ave
1 to 2 Bedroom Apartments

230 Campus Ave

230 Campus AveAmes, 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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3319 Story St.
2 to 4 Bedroom Apartments

3319 Story St.

3319 Story StAmes, IA 50014

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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South Ames, Ames, IA Local Guide

Cheapest Available South Ames Apartments for Rent

 

The cheapest available apartment rental in the South Ames area of Ames, IA is a Studio unit found at 304 Welch Ave priced from $635. Copper Beech has the second lowest priced unit, which is a 3 Beds apartment currently listed from $660. Here are the most affordable South Ames apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
304 Welch AveStudioStudio,1BA$635
Copper Beech3BR/3BA3BR,3BA$660
Windsor PointeAspen 60%1BR,1BA$725
Western Hills Apartments1 Bed/1 Bath Apartment1BR,1BA$745
College Creek Apartments1 Bedroom Apartment1BR,1BA$755
Wyndsor TerraceStudioStudio,1BA$765
640 S. 4th St.640 S. 4th St. - Unit...1BR,1BA$790
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$799
Hyland Apartments1 Bedroom Apartment1BR,1BA$820

Best Value Apartments for Rent in South Ames, IA

As of March 09, 2026 the best value apartment in the South Ames area is the $1.12 price per square foot 4 Bedroom/2 Bathroom Model at Tripp Street Apartments in the in the Fountainview neighborhood starting from $1,400. The second greatest value South Ames apartment is the 3x3 Unfurnished Model at The Madison starting at $504 with a $0.47 price per square foot in the Fountainview neighborhood. Here is today’s list of the best values for South Ames apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tripp Street Apartments4 Bedroom/2 Bathroom4BR,2BA$1.12
The Madison3x3 Unfurnished3BR,3BA$0.47
2405 Knapp St, Unit 2405 Knapp St2405 Knapp St3BR,1BA$1.07
The Social ReserveMontgomery Renovated - Reserve3BR,2BA$0.51
The Grove2BR/2BA2BR,2BA$0.77
Western Hills Apartments2 Bed/2 Bath Apartment2BR,2BA$1.05
Crystal Street Apartments2br/2ba2BR,2BA$1.05
Point at AmesFrisco B2BR,2BA$1.06
Campus Flats2 Bedroom2BR,2BA$0.88
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.11

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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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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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.

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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
South Ames, Ames, IA

Ranked #2

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.com is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Ames. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Ames Apartments

What is a cheap apartment in South Ames?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Ames is under $820.

What is the price of a cheap apartment in South Ames?

The cheapest apartment in South Ames is Western Hills Apartments which is listed at $745, while the average apartment in South Ames costs $969.

What types of apartments are the cheapest in South Ames?

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 219 regular apartments in South Ames 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 South Ames?

Cheap apartments in South Ames have an average cost of $647 which is $322 cheaper than the average rent for all rentals in South Ames.

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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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.

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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.

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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.

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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.