Cheap Apartments for Rent in Colo, IA from $400 (46 Rentals)

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

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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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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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
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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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304 Welch Ave
Studio to 2 Bedroom Apartments

304 Welch Ave

304 Welch AveAmes, IA 50014
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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1006 Lincoln Way
2 Bedroom Apartments

1006 Lincoln Way

1006 Lincoln WayAmes, IA 50010
  • Utilities Included
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2721 Luther Dr
1 to 2 Bedroom Apartments

2721 Luther Dr

2721 Luther DrAmes, IA 50010

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.

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South View Apartments
2 Bedroom Apartments

South View Apartments

209-227 S 5th StAmes, IA 50010
Corporate Housing
  • Utilities Included
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Cardinal Terrace
1 to 2 Bedroom Apartments

Cardinal Terrace

211 Lynn AveAmes, IA 50014
Student Housing
  • 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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Cranford Apartments
Studio to 1 Bedroom Apartments

Cranford Apartments

103 Stanton AveAmes, IA 50014
Student Housing
  • Utilities Included
Showing Results 1-46, 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. The Grove in the Grand Junction neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $610. 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
The Grove3BR/3BA Upgraded3BR,3BA$610
Copper Beech3BR/3BA3BR,3BA$660
Melrose Park Apartments1 Bed/1 Bath Apartment1BR,1BA$785
Grandview Square Apartments2bed 1bth2BR,1BA$790
Somerset ApartmentsStudio ApartmentStudio,1BA$800
Crystal Street Apartments1BR/1.0BA1BR,1BA$825
Oakwood1 bedroom1BR,1BA$879
East Park Village2BR Upper2BR,1BA$880
Furman Somerset Apartments1 Bedroom1BR,1BA$880

Best Value Apartments for Rent in Colo, IA and Nearby

As of June 12, 2026 the best value apartment in the Colo area is the $0.45 price per square foot 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown in the in the Somerset neighborhood starting from $584. The second greatest value Colo apartment is the 3BR/3BA Upgraded Model at The Grove starting at $599 with a $0.48 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
The Grove3BR/3BA Upgraded3BR,3BA$0.48
1108 S. 4th Street3 Bed/ 1.5 Bath3BR,1.5BA$0.98
The Landing AmesB1 - 2x22BR,2BA$0.68
Aspen Village2724 Stange (2 bdrm)2BR,2BA$1.22
South View ApartmentsOutlook | Renovated2BR,1BA$1.21
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.11
Timbercreek Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$1.16
Oakwood1 bedroom1BR,1BA$1.17
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 $790 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 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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.