Cheap Apartments for Rent in Colo, IA from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Colo.

Grandview Square Apartments

Gateway
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Ferndale Furman Apartments

420 S 4th St

Tall Timber Apartments
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702 Carroll Ave
Colo, IA Local Guide

How much does it cost to rent an apartment in Colo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Colo Studio Apartments | $902 | $780 | $995 |
Colo 1 Bedroom Apartments | $876 | $705 | $1,110 |
Colo 2 Bedroom Apartments | $994 | $615 | $1,830 |
Colo 3 Bedroom Apartments | $957 | $465 | $2,600 |
Colo 4 Bedroom Apartments | $1,033 | $445 | $1,700 |
Browse Top Apartments in Colo
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Colo, IA Local Guide
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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. Oakwood in the Fountainview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Colo apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Melrose Park Apartments | 1 Bed, 1 bath | 1BR,1BA | $705 |
Oakwood | 1 bedroom | 1BR,1BA | $799 |
East Park Village Apartments | 2 BR Ground | 2BR,1BA | $855 |
Laverne Apartments | Two Bedroom, Two Bath | 2BR,2BA | $875 |
Spacious Apartments minutes from everything | 2br/2ba | 2BR,2BA | $875 |
Best Value Apartments for Rent in Colo, IA and Nearby
As of May 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Copper Beech at Ames | 2BR/2.5BA | 2BR,2.5BA | $0.65 |
Laverne Apartments | Three Bedroom, Two Bath | 3BR,2BA | $1.05 |
The Quarters Ames | A - 3x3 | 3BR,3BA | $0.55 |
Northern Lights Apartments | 3304 Polaris ( 3 bedroom ) | 3BR,2BA | $1.07 |
The Grove at Ames | 2BR/2BA | 2BR,2BA | $0.73 |
Somerset Apartments | 2 Bedroom | 2BR,1BA | $1.18 |
Spacious Apartments minutes from everything | 2br/2ba | 2BR,2BA | $0.99 |
Oakwood | 1 bedroom | 1BR,1BA | $1.07 |
East Park Village Apartments | 2 BR Ground | 2BR,1BA | $1.19 |
Melrose Park Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.29 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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
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 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 $855 at East Park Village Apartments.
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.

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