The properties of the variability of the maximum density of the F2-layer Nm at different levels ofsolar and geomagnetic activity have been analyzed based on hourly data of the Almaty station (43.2° N, 104° E)for 1958–1988. The standard deviation σ(x) of the fluctuations of Nm relative to the quiet level(x = (Nm/Nm0 – 1) × 100, %) and the average shift of these fluctuations xave are used to characterize thisvariability. In this path, an empirical model of the F2-layer maximum density Nm0 for low geomagnetic activityhas been created. It has been found that the variability of Nm depends weakly on the level of solar activity.The dependence of the variability of Nm on geomagnetic activity is one of the main ones, along with thedependences of this variability on time of day and season. In general, the variance σ2(x) is smaller for quietconditions than for periods of high geomagnetic activity. However, during periods of high geomagnetic activity,a further increase in geomagnetic activity does not lead to an increase in the variance σ2(x). The saturationin the increase in the variance σ2(x) against the background of a continuing increase in geomagnetic activityand the absence of this saturation for the average shift xave seems to be a stable property of the variability ofthe mid-latitude ionosphere during periods of geomagnetic storms. This conclusion is based on an additionalanalysis of ionospheric variability according to data from the Irkutsk and Yamagawa stations, which arelocated about 10 degrees north and south of Almaty station, respectively.