
Cheap Apartments for Rent in the Old Town Neighborhood of Ames, IA from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of Ames.


921 Duff Ave

120 16th St

420 S 4th St

2115 Ferndale Ave

South Meadow

317 8th St

702 Carroll Ave

209 E 6th St
Old Town, Ames, IA Local Guide

How much does it cost to rent an apartment in Old Town?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Town Studio Apartments | $1,040 | $620 | $1,300 |
Old Town 1 Bedroom Apartments | $917 | $700 | $1,100 |
Old Town 2 Bedroom Apartments | $1,180 | $569 | $1,750 |
Old Town 3 Bedroom Apartments | $980 | $465 | $2,600 |
Old Town 4 Bedroom Apartments | $763 | $445 | $1,450 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Old Town Neighborhood of Ames, IA.
See all Apartments in AmesExplore Ames
Old Town, Ames, IA Local Guide
- Nearby Ames neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Old Town Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
301 Main | 1 Bed 1 Bath | 1BR,1BA | $885 |
Oakwood | 1 bedroom | 1BR,1BA | $899 |
Best Value Apartments for Rent in Old Town, IA
As of March 27, 2025 the best value apartment in the Old Town area is the $0.73 price per square foot 2BR/2BA Model at The Grove at Ames in the in the Grand Junction neighborhood starting from $699. The second greatest value Old Town apartment is the 1 bedroom Model at Oakwood starting at $899 with a $1.20 price per square foot in the Fountainview neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Grove at Ames | 2BR/2BA | 2BR,2BA | $0.73 |
Oakwood | 1 bedroom | 1BR,1BA | $1.20 |
BlockOne | STUDIO - University Towers | 1BR,1BA | $2.60 |
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.
Pet Friendly LifestyleOld Town, Ames, IA
Ranked #9
Among neighborhoods in Ames, IA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Old Town Neighborhood in Ames, IA
Walk Score®
73 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
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 Old Town Apartments
What types of apartments are the cheapest in Old Town?
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 3 regular apartments in Old Town that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.