Cheap Apartments for Rent in the South Ames Neighborhood of Ames, IA from $300 (92 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, 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.
property at 333 Rockwell Ave

$585

Total Monthly Price

Total Monthly Price

Base Rent
$585
Total Monthly Price
$585

5 Bedroom, 2 Bath Home for Rent

Available Now

333 Rockwell Ave

AmesIA50014

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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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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Twin Oaks Apartments
Studio to 2 Bedroom Apartments

Twin Oaks Apartments

4210 Lincoln Swing StAmes, IA 50014
  • Utilities Included

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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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
  • Utilities Included
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312 Hayward Ave
Studio to 2 Bedroom Apartments

312 Hayward Ave

312 Hayward AveAmes, IA 50014
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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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Spruce Pointe
1 to 2 Bedroom Apartments

Spruce Pointe

126 Beedle DrAmes, IA 50014
  • Utilities Included
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Riverbirch
Studio to 2 Bedroom Apartments

Riverbirch

201 S 5th StAmes, 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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South Oak
Studio to 2 Bedroom Apartments

South Oak

221 S Oak AveAmes, IA 50010

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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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 3 Beds unit found at Campustown priced from $489. Copper Beech has the second lowest priced unit, which is a 4 Beds apartment currently listed from $595. Here are the most affordable South Ames apartments for rent in Ames, IA:

Apartment ListingModel NameBed/BathPriced From
Campustown200 Stanton Ave - 3 Bed - 1 Bath - C - UF3BR,1BA$489
Copper Beech4BR/4.5BA4BR,4BA$595
The Grove3BR/3BA Upgraded3BR,3BA$599
304 Welch AveStudioStudio,1BA$635
203 Campus1 Bed1BR,1BA$650
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$699
College Creek Apartments1 Bedroom Apartment1BR,1BA$755
Hyland Apartments1 Bedroom Apartment1BR,1BA$820
Wyndsor Terrace2 bed 1 bath2BR,1BA$825

Best Value Apartments for Rent in South Ames, IA

As of July 23, 2026 the best value apartment in the South Ames 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 South Ames apartment is the 3 Bedroom Model at Oakwood starting at $1,350 with a $1.04 price per square foot in the Gateway Hills 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.
Walnut Ridge3515 Lincoln Way ( 4 bdrm )4BR,3BA$1.03
Oakwood3 Bedroom3BR,2BA$1.04
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
The Grove3BR/3BA Upgraded3BR,3BA$0.48
Campus Flats3 Bed - Rent by Room3BR,3BA$0.53
The Madison Apartments3x3 Furnished3BR,3BA$0.55
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1.5BA$0.98
Crystal Street Apartments2br/2ba2BR,2BA$1.05
Wyndsor Terrace2 bed 1 bath2BR,1BA$1.01
The LoftsTwo Bedroom2BR,1BA$0.78

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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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 #1

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 the price of a cheap apartment in South Ames?

The cheapest apartment in South Ames is 203 Campus which is listed at $650, while the average apartment in South Ames costs $1,012.

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 30 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 $481 which is $531 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.