Cheap Apartments for Rent in Colo, IA from $400 (25 Rentals)

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

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.

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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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
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307 Lynn Ave
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
  • Utilities Included

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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2721 Luther Dr
1 to 2 Bedroom Apartments

2721 Luther Dr

2721 Luther DrAmes, IA 50010

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.

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. Melrose Park Apartments in the Eagle Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $705. 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
Melrose Park Apartments1 Bed, 1 bath1BR,1BA$705
Oakwood1 bedroom1BR,1BA$799
Northridge Apartments2 BR/ 1 BA2BR,1BA$800
Crystal Street Apartments2br/2ba2BR,2BA$875

Best Value Apartments for Rent in Colo, IA and Nearby

As of July 22, 2025 the best value apartment in the Colo area is the $0.65 price per square foot 2BR/2.5BA Model at Copper Beech at Ames in the in the South Ames neighborhood starting from $800. The second greatest value Colo apartment is the Three Bedroom, Two Bath Model at Laverne Apartments starting at $1,265 with a $1.05 price per square foot in the South Ames 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.
Copper Beech at Ames2BR/2.5BA2BR,2.5BA$0.65
Laverne ApartmentsThree Bedroom, Two Bath3BR,2BA$1.05
Grandview Square Apartments2bed 1bth2BR,1BA$0.78
The Grove at Ames2BR/2BA2BR,2BA$0.73
Somerset Apartments2 Bedroom2BR,1BA$1.18
2706 Kent Ave2706 Kent Ave ( 2 bedroom )2BR,2BA$1.23
Northridge Apartments2 BR/ 1 BA2BR,1BA$0.89
Crystal Street Apartments2br/2ba2BR,2BA$0.99
South View ApartmentsOutlook | Renovated2BR,1BA$1.25
Oakwood1 bedroom1BR,1BA$1.07

Quick Rent Budget Calculator

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

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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

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 $775 at Grandview Square Apartments.

What is the most affordable Colo Three Bedroom Apartment?

The best deal on a cheap Colo Three Bedroom Apartment rental is at Crystal Street 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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.