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Rental Market Trends in Ames, IA

What is the average rent in Ames, IA?

$920/month

Average Rent

618 Sq Ft

Average Apartment Size

+2.9%

Increase in the Last Year

Ames, IA Rental Market Overview

The average rent in Ames, IA is $920 per month. This is 44% lower than the national average rent of $1,644/month, making renting in Ames more affordable than most cities in the US.

  • Studio apartments in Ames average $1,347 per month.
  • One-bedroom apartments in Ames average $920 per month.
  • Two-bedroom apartments in Ames average $1,098 per month.
  • Three-bedroom apartments in Ames average $1,390 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,347/month
505 Sq Ft
One Bedroom
$920/month
618 Sq Ft
Two Bedroom
$1,098/month
896 Sq Ft
Three Bedroom
$1,390/month
1,119 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,070/month
815 Sq Ft
Three Bedroom
$2,445/month
1,670 Sq Ft
Four Bedroom
$1,952/month
1,779 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,460/month
1,462 Sq Ft

How much has average rent changed in Ames, IA?

In the past year, rent has increased by 2.9%, which averages out to $27 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Ames, IA
Last Updated June 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Ames, IA
Percentage*
Rent Range
6% Below $700/month
47% $700 - $1,000/month
37% $1,001 - $1,500/month
8% $1,501 - $2,000/month
3% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Ames?

Based on current rent prices, North Ames, West Ames and East Ames are the most affordable neighborhoods in Ames.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North Ames
$833/month
712 Sq Ft
West Ames
$940/month
633 Sq Ft
East Ames
$948/month
615 Sq Ft
Campustown
$955/month
558 Sq Ft
South Ames
$959/month
672 Sq Ft

What are the most expensive neighborhoods in Ames?

Based on current rent prices, South Ames, Campustown and East Ames are the most expensive neighborhoods in Ames.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Ames
$959/month
672 Sq Ft
Campustown
$955/month
558 Sq Ft
East Ames
$948/month
615 Sq Ft
West Ames
$940/month
633 Sq Ft
North Ames
$833/month
712 Sq Ft

Which Ames neighborhoods have the most rentals available?

The neighborhoods in Ames with the most apartments available are West Ames, South Ames and East Ames .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Ames
$940/month
633 Sq Ft
South Ames
$959/month
672 Sq Ft
East Ames
$948/month
615 Sq Ft
Campustown
$955/month
558 Sq Ft
North Ames
$833/month
712 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Ames, IA?

Because the average rent in Ames is $920, you’ll want to make about $3,066 per month or $36,792 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Ames, IA is 5.2% lower than the national average. Generally, housing in Ames is 11.0% less expensive than the national average, with rent falling between $920 - $1,390. You can expect to pay 3.8% less for groceries, 5.1% less for utilities, and 2.2% less for transportation.

City

Ames, IA

846 Available Apartments for Rent

Search for Nearby Apartments

How does Ames, IA compare to other nearby cities and neighborhoods?

Use the tool below to compare Ames, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Ames, IA

Apartment Averages

North Ames

Ames, IA

South Ames

Ames, IA

Studio
$694/month
$2,639/month
One Bedroom
$817/month
$1,036/month
Two Bedroom
$1,091/month
$1,289/month
Three Bedroom
$1,460/month
$1,756/month
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Nearby City Rent Trends

  • Boone Average Rent

Apartment communities in Ames we think you'll love

The Social West Ames®

The Social West Ames®

1320 Coconino Rd,
Ames, IA 50014

$399 - $1,996

2-5 Beds

The Social Reserve

The Social Reserve

800 Pinon Dr,
Ames, IA 50014

$459 - $1,701

2-3 Beds

Point at Ames

Point at Ames

3306 Lincoln Way,
Ames, IA 50014

$680 - $920

2-4 Beds

Alpine Manor Apartments

Alpine Manor Apartments

1209 N Dakota Ave,
Ames, IA 50014

$1,149 - $1,349

3 Beds

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United States Iowa Ames Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity