
Cheap Apartments for Rent in Colo, IA from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Colo.


Grandview Square Apartments

Gateway

420 S 4th St

Somerset Apartments

Crystal Street Apartments

1423 K Ave

116 Shepard St

1014-1028 Shagbark Dr

702 Carroll Ave
Colo, IA Local Guide

How much does it cost to rent an apartment in Colo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Colo Studio Apartments | $822 | $780 | $870 |
Colo 1 Bedroom Apartments | $884 | $635 | $1,190 |
Colo 2 Bedroom Apartments | $1,019 | $699 | $1,500 |
Colo 3 Bedroom Apartments | $1,008 | $465 | $2,600 |
Colo 4 Bedroom Apartments | $1,004 | $445 | $1,700 |
Browse Top Apartments in Colo
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Colo, IA Local Guide
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Cheapest Available Colo Apartments for Rent and Nearby
 The cheapest available apartment rental in Colo, IA is a 2 Beds unit found at 1006 Lincoln Way in the Eagle Ridge neighborhood priced from $745. Oakwood in the Gateway Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Colo apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1006 Lincoln Way | 2 Bedroom, 1 Bathroom | 2BR,1BA | $745 |
Oakwood | 1 bedroom | 1BR,1BA | $799 |
Crystal Street Apartments | 1BR/1.0BA | 1BR,1BA | $800 |
Northridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $800 |
Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $800 |
Best Value Apartments for Rent in Colo, IA and Nearby
As of September 14, 2025 the best value apartment in the Colo area is the $0.57 price per square foot 4x4 Model at The Foundry in the in the Eagle Ridge neighborhood starting from $799. The second greatest value Colo apartment is the 3BR/3BA Model at The Grove at Ames starting at $630 with a $0.51 price per square foot in the Grand Junction neighborhood. Here is today’s list of the best values for Colo apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Foundry | 4x4 | 4BR,4BA | $0.57 |
The Grove at Ames | 3BR/3BA | 3BR,3BA | $0.51 |
The Quarters Ames | B - 2x2 | 2BR,2BA | $0.63 |
The Landing Ames | C3 - 3x3 | 3BR,3BA | $0.47 |
Grandview Square Apartments | 2bed 1bth | 2BR,1BA | $0.80 |
Melrose Park Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.98 |
Northridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.89 |
1006 Lincoln Way | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.83 |
Laverne Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.11 |
Oakwood | 1 bedroom | 1BR,1BA | $1.07 |
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Getting Around Colo, IA
Walk Score®
10 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
27 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $799 at Oakwood.
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 $745 at 1006 Lincoln Way.
What is the most affordable Colo Three Bedroom Apartment?
The best deal on a cheap Colo Three Bedroom Apartment rental is at Laverne Apartments and starts from $1,025.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.