Cheap Apartments for Rent in Story County, IA from $300 (79 Rentals)

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

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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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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Twin Oaks Apartments
Studio to 2 Bedroom Apartments

Twin Oaks Apartments

4210 Lincoln Swing StAmes, IA 50014
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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
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312 Hayward Ave
Studio to 2 Bedroom Apartments

312 Hayward Ave

312 Hayward AveAmes, IA 50014
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312 Sycamore St
Studio to 3 Bedroom Apartments

312 Sycamore St

312 Sycamore StCambridge, IA 50046
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3404 Coy St
2 Bedroom Apartments

3404 Coy St

3404 Coy StAmes, IA 50014
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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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307 Lynn Ave
1 to 4 Bedroom Apartments

307 Lynn Ave

307 Lynn AveAmes, IA 50014
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Oak Park Estates
1 to 3 Bedroom Apartments

Oak Park Estates

634 Academy CirNevada, IA 50201
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640 S. 4th St.
Studio to 2 Bedroom Apartments

640 S. 4th St.

620-640 S 4th StAmes, IA 50010
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Furman Regency Court
1 to 2 Bedroom Apartments

Furman Regency Court

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

1005 28th St

1005 28th StAmes, IA 50010
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Spruce Pointe
1 to 2 Bedroom Apartments

Spruce Pointe

126 Beedle DrAmes, IA 50014
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Ballard LLC
1 to 3 Bedroom Apartments

Ballard LLC

102 Oak BlvdHuxley, IA 50124
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4112 Lincoln Swing
1 to 2 Bedroom Apartments

4112 Lincoln Swing

4112 Lincoln Swing StAmes, IA 50014
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2713 Luther Dr
2 Bedroom Apartments

2713 Luther Dr

2713 Luther DrAmes, IA 50010

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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Cheapest Available Story County Apartments for Rent

 

The cheapest available apartment rental in Story County, IA is a Studio unit found at 304 Welch Ave in the Somerset neighborhood priced from $635. Campus Flats in the Eagle Ridge neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $655. Here is today’s list of the most affordable Story County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
304 Welch AveStudioStudio,1BA$635
Campus Flats4 Bed - Rent by Room4BR,4BA$655
Copper Beech3BR/3BA3BR,3BA$660
Furman 24th Street Apartments1 Bedroom1BR,1BA$710
Western Hills Apartments1 Bed/1 Bath Apartment1BR,1BA$745
Grandview Square Apartments2bed 1bth2BR,1BA$765
Wyndsor TerraceStudioStudio,1BA$765
Park Place Apartments1BR Ground1BR,1BA$780
Hickory Ridge Apartments0 bed, 1 bathStudio,1BA$799
Northridge Apartments2 BR/ 1 BA2BR,1BA$800

Best Value Apartments for Rent in Story County, IA

As of April 17, 2026 the best value apartment in the Story County area is the $1.02 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,300. The second greatest value Story County apartment is the 1412 North Dakota Ave Model at 1412 North Dakota Ave, Unit 1412 starting at $1,650 with a $1.00 price per square foot in the Eagle Ridge neighborhood. Here is today’s list of the best values for Story County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walnut Ridge3515 Lincoln Way ( 4 bdrm )4BR,3BA$1.02
1412 North Dakota Ave, Unit 14121412 North Dakota Ave4BR,2BA$1.00
Campus Flats3 Bed - Rent by Room3BR,3BA$0.66
The Madison3x3 Furnished3BR,3BA$0.55
The Social ReserveMontgomery Renovated - Reserve3BR,2BA$0.51
Grandview Square Apartments2bed 1bth2BR,1BA$0.77
The Grove2BR/2BA2BR,2BA$0.77
Furman Western Hills2BR 2BA2BR,2BA$1.02
The Landing AmesB1 - 2x22BR,2BA$0.68
Northridge Apartments2 BR/ 1 BA2BR,1BA$0.89

Frequently Asked Questions about Cheap Story County Apartments

What is a cheap apartment in Story County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Story County is under $800.

What is the price of a cheap apartment in Story County?

The cheapest apartment in Story County is Furman 24th Street Apartments which is listed at $710, while the average apartment in Story County costs $1,025.

What types of apartments are the cheapest in Story County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 129 regular apartments in Story County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Story County?

Cheap apartments in Story County have an average cost of $524 which is $501 cheaper than the average rent for all rentals in Story County.

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.