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Apartments Under $500 in Ames, IA

1 - 9 of 9 Results
8
$429 - 499
PER
ROOM
The Madison
4912 Mortensen Road Ames, IA
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
20
$410
233 Sheldon
233 Sheldon Ave Ames, IA
1 BR | Available Now
Contact
Storage
Disability Access
Campustown
58
3D Tour
$445 - 490
PER
ROOM
The Landing Ames
416 Billy Sunday Rd Ames, IA
3 - 5 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
75
$429 - 499
PER
ROOM
The Social West Ames®
Deal
1320 Coconino Rd Ames, IA
3 - 4 BR | Aug. 21, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
1
$ Ask - 960
301 Main
301 Main St Ames, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
2
$397
Chamberlain Lofts
2519 Chamberlain St Ames, IA
3 BR | Aug. 1, 2026
Contact
Storage
Disability Access
Campustown
13
$450
114 7Th St Unit Apartment
Ames, IA
1 BR | Aug. 2, 2026
Contact
Air Conditioning
Storage
Dishwasher
8
$399 - 499
PER
ROOM
The Social West Ames Station
1320 Coconino Rd Ames, IA
3 - 5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
1
$300
143 N Sheldon Ave
Ames, IA
1 BR | Available Now
Contact
Heat Included
Storage
Disability Access
Campustown
1 - 9 of 9 Results
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Frequently Asked Questions

How many apartments under $500 are available in Ames, IA on Rentable.co?

There are 9 apartments under $500 in Ames currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Ames?

Rentable.co has 54 studio apartments under $500 available for rent in Ames.

How many one-bedroom apartments under $500 are available in Ames?

Rentable.co has 272 one-bedroom apartments under $500 available for rent in Ames.

How many two-bedroom apartments under $500 are available in Ames?

Rentable.co has 725 two-bedroom apartments under $500 available for rent in Ames.

Can I afford a apartment under $500 in Ames, IA?

To comfortably afford a apartment under $500 in Ames based on average rent prices, a household would need an annual income of $16,000.

Which neighborhoods have the most apartments under $500 for rent in Ames, IA?

  1. Campustown

Apartments Under $500 in Ames, IA: May Rental Information

Welcome to the May 2026 Ames Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Ames rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Ames and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $500 in Ames.
0 5 10 15 20 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280
This month, the typical cost to rent a one-bedroom apartment in Ames stands at $880, with the majority falling between $680 and $1,100. Out of the 644 one-bedroom apartments currently on the market in Ames, 18 are priced below $500, accounting for 3% of the total available one-bedroom units in Ames.

Available Apartments Under $500: Ames vs. Surrounding Areas

Boone, IA
Ames, IA
11
7
The chart above shows the number of available apartments under $500 in Ames, IA, and the surrounding cities as of May 2026. The data includes the total inventory of affordable apartments in the Ames metro area. The surrounding cities included in the chart are Boone, Nevada, Hubbard, Huxley, Colo, Zearing, Roland, McCallsburg, Slater, Stanhope, Collins, State Center, Perry, and Story City. This information is a valuable resource for renters in search of budget-friendly housing options in the Ames, IA area. With a total inventory of 19 apartments, prospective renters are sure to find a suitable and affordable place to call home.

Apartments Under $500 Now vs. Last Month: Ames and Surrounding Areas

City Apartments Under $500 in May M/M % Change
Boone, IA 11 +0.95%
Ames, IA 7 +1.0%

Looking for Apartments Under $500 in Ames?

Available apartments under $500 2,448
Top amenities Fitness Center, Dishwasher, Refrigerator, Range / Oven, High Speed Internet
Deals 7
Pet friendly 39
Utilities included 1
Furnished 16
1 Bedroom 3
3 Bedroom 17
4 Bedroom 20
Square footage 960 - 1,617
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