Cheap Apartments for Rent in Colo, IA from $400 (16 Rentals)

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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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
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

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 Melrose Park Apartments in the Eagle Ridge neighborhood priced from $705. Spacious Apartments minutes from everything in the South Ames neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. Here is today’s list of the most affordable Colo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Melrose Park Apartments1 Bed, 1 bath1BR,1BA$705
Spacious Apartments minutes from everything2br/2ba2BR,2BA$875
Laverne ApartmentsTwo Bedroom, Two Bath2BR,2BA$875
Somerset Apartments1 Bedroom1BR,1BA$880
Oakwood1 bedroom1BR,1BA$899

Best Value Apartments for Rent in Colo, IA and Nearby

As of April 19, 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
Total Property Management 528-530 Welch Ave.528 Welch Ave.4BR,2.5BA$1.33
The Quarters AmesA - 3x33BR,3BA$0.55
Northern Lights Apartments3304 Polaris ( 3 bedroom )3BR,2BA$1.07
The Grove at Ames2BR/2BA2BR,2BA$0.73
Somerset Apartments2 Bedroom2BR,1BA$1.18
Spacious Apartments minutes from everything2br/2ba2BR,2BA$0.99
Oakwood1 bedroom1BR,1BA$1.20
Melrose Park Apartments1 Bed, 1 bath1BR,1BA$1.29

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Explore Colo, IA Rentals by Map

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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 $705 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 $875 at Spacious Apartments minutes from everything.

What is the most affordable Colo Three Bedroom Apartment?

The best deal on a cheap Colo Three Bedroom Apartment rental is at Spacious Apartments minutes from everything 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.