Cheap Apartments for Rent in Colo, IA from $400 (41 Rentals)

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Gateway
Rent Specials
$799 - $1,299Studio to 4 Bedroom Apartments Available Aug 4, 2026

Gateway

1300 Gateway Hills Park DrAmes, IA 50014
Student Housing
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520 5th St
1 Bedroom Apartments

520 5th St

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

312 Sycamore St

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

307 Lynn Ave

307 Lynn AveAmes, IA 50014
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Furman Regency Court
1 to 2 Bedroom Apartments

Furman Regency Court

3020 Regency CtAmes, IA 50010
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2721 Luther Dr
1 to 2 Bedroom Apartments

2721 Luther Dr

2721 Luther DrAmes, IA 50010
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Oakwood
1 to 3 Bedroom Apartments

Oakwood

2101 Oakwood RdAmes, IA 50014
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South View Apartments
2 Bedroom Apartments

South View Apartments

209-227 S 5th StAmes, IA 50010
Corporate Housing
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Showing Results 1-41, 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 1 Bed unit found at Grandview Square Apartments in the Eagle Ridge neighborhood priced from $675. 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 ListingModel NameBed/BathPriced From
Grandview Square Apartments1 bedroom 1 bath1BR,1BA$675
Oakwood1 bedroom1BR,1BA$799
Northridge Apartments2 BR/ 1 BA2BR,1BA$800
Ferndale Furman Apartments2nd & 3rd Floor Units2BR,1BA$820
3500 Grand Ave1BR/1.0BA1BR,1BA$825
304 Welch AveStudioStudio,1BA$830
Campustown | Student Apartments1x11BR,1BA$849
Baxter Park Apartments2BR - 30% of Gross Income2BR,1BA$879
Melrose Park Apartments2 Beds, 1 bath2BR,1BA$880
Crystal Street Apartments2br/2ba2BR,2BA$925

Best Value Apartments for Rent in Colo, IA and Nearby

As of October 31, 2025 the best value apartment in the Colo area is the $0.63 price per square foot B - 2x2 Model at The Quarters Ames in the in the South Ames neighborhood starting from $750. The second greatest value Colo apartment is the 2bed 1bth Model at Grandview Square Apartments starting at $800 with a $0.80 price per square foot in the Eagle Ridge 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.
The Quarters AmesB - 2x22BR,2BA$0.63
Grandview Square Apartments2bed 1bth2BR,1BA$0.80
The Grove2BR/2BA2BR,2BA$0.72
Northridge Apartments2 BR/ 1 BA2BR,1BA$0.89
Melrose Park Apartments2 Beds, 1 bath2BR,1BA$0.98
Ferndale Furman Apartments2nd & 3rd Floor Units2BR,1.5BA$0.91
Crystal Street Apartments2br/2ba2BR,2BA$1.05
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.11
Timbercreek Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$1.15
Oakwood1 bedroom1BR,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 $675 at Grandview Square 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 $800 at Northridge Apartments.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.