Cheap Apartments for Rent near Colo, IA from $400 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Colo.

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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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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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
  • Utilities Included
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312 Sycamore St
Studio to 3 Bedroom Apartments

312 Sycamore St

312 Sycamore StCambridge, IA 50046
  • Utilities Included
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307 Lynn Ave
1 to 4 Bedroom Apartments

307 Lynn Ave

307 Lynn AveAmes, IA 50014
  • Utilities Included

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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Furman Regency Court
1 to 2 Bedroom Apartments

Furman Regency Court

3020 Regency CtAmes, IA 50010
  • Utilities Included
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1005 28th St
1 to 2 Bedroom Apartments

1005 28th St

1005 28th StAmes, IA 50010
  • Utilities Included
property at 919 6th St

$725 - $850

1 Bedroom Rentals

Available Now

919 6th St

NevadaIA50201
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2721 Luther Dr
1 to 2 Bedroom Apartments

2721 Luther Dr

2721 Luther DrAmes, IA 50010

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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Tall Timber Apartments
Studio to 3 Bedroom Apartments

Tall Timber Apartments

644 Stonehaven DrAmes, IA 50010
  • Utilities Included
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Laverne Apartments
2 to 3 Bedroom Apartments

Laverne Apartments

919 S 16th StAmes, IA 50010
  • Utilities Included

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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Cardinal Terrace
1 to 2 Bedroom Apartments

Cardinal Terrace

211 Lynn AveAmes, IA 50014
Student Housing
  • Utilities Included
Showing Results 1-42, Page 1 of 1

Colo, IA Local Guide

Cheapest Available Colo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Colo, IA is a 3 Beds unit found at Campustown in the Somerset neighborhood priced from $489. Copper Beech in the South Ames neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $595. Here is today’s list of the most affordable Colo apartments for rent:

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
Melrose Park Apartments1 Bed/1 Bath Apartment1BR,1BA$785
Somerset ApartmentsStudio ApartmentStudio,1BA$800
Oakwood2 Bedroom2BR,1BA$875
Park Place Apartments2BR Upper2BR,1BA$880
East Park Village Apartments2BR Upper2BR,1BA$880
South Meadow2 BR 1 BA - Savannah1BR,1BA$895

Best Value Apartments for Rent in Colo, IA and Nearby

As of July 27, 2026 the best value apartment in the Colo area is the $1.22 price per square foot 3 Bedroom TH Model at Brick Towne Ames in the in the South Ames neighborhood starting from $2,200. The second greatest value Colo apartment is the 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown starting at $584 with a $0.45 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Colo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brick Towne Ames3 Bedroom TH3BR,3BA$1.22
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
The Grove3BR/3BA Upgraded3BR,3BA$0.48
Oakwood2 Bedroom2BR,1BA$0.85
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1.5BA$0.98
Aspen Village2724 Stange (2 bdrm)2BR,2BA$1.22
Crystal Street Apartments2br/2ba2BR,2BA$1.05
South ViewCompass2BR,1BA$1.20
Park Place Apartments2BR Upper2BR,1BA$1.22
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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Colo, IA Rentals by Map

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See the most popular apartments and homes in Colo, IA

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Frequently Asked Questions about Cheap Colo Apartments

How much is rent for a Cheap One Bedroom Colo Apartment?

The lowest price for a Cheap One Bedroom Colo Apartment is $785 at Melrose Park Apartments.

What is the lowest price for a Cheap Two Bedroom Colo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Colo is starting from $795 at Melrose Park Apartments.

What is the most affordable Colo Three Bedroom Apartment?

The best deal on a cheap Colo Three Bedroom Apartment rental is at Campustown and starts from $489.

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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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.

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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.

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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.