Cheap Apartments for Rent in Ankeny, IA from $500 (44 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Ankeny.

close
View Me
2030 Dmacc Blvd
$6201 Bedroom, 1 Bath RentalsAvailable Now

2030 Dmacc Blvd

Ankeny, IA 50023
View Details
close
View Me
1624 NW 5th St
$8751 Bedroom, 1 Bath RentalsAvailable Now

1624 NW 5th St

Ankeny, IA 50023
View Details
close
View Me
306 NW State St
1 Bedroom Apartments

306 NW State St

306 NW State StAnkeny, IA 50023
close
View Me
Autumn Ridge
3 Bedroom Apartments

Autumn Ridge

2050 Four Seasons DrAnkeny, IA 50021
close
View Me
Fletcher Estates
1 to 3 Bedroom Apartments

Fletcher Estates

205 NE Hayes DrAnkeny, IA 50021
close
View Me
Walnut Ridge
2 Bedroom Apartments

Walnut Ridge

201-217 NE 12th St PlAnkeny, IA 50021
close
View Me
Pine Tree Flats
1 Bedroom Apartments

Pine Tree Flats

1713 NW Pine RdAnkeny, IA 50023
close
View Me
Peach Tree
2 Bedroom Apartments

Peach Tree

2701 SE Peachtree DrAnkeny, IA 50021
close
View Me
Eastview Manor
1 Bedroom Apartments

Eastview Manor

3700 E 31st StDes Moines, IA 50317
Senior Living
close
View Me
Wedgewood Coop
2 Bedroom Apartments

Wedgewood Coop

2555 Wedgewood RdDes Moines, IA 50317

Ankeny, IA Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Available Ankeny Apartments for Rent

 

The cheapest available apartment rental in Ankeny, IA is a 2 Beds unit found at Campus View Student Housing in the Springwood neighborhood priced from $500. Prairie Pointe Student Living in the Springwood neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $630. Here is today’s list of the most affordable Ankeny apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Campus View Student Housing2 Bed / 2 Bath2BR,2BA$500
Prairie Pointe Student Living4 Bdrm Flat4BR,4BA$630
Trailside Apartments1 Bedroom 2nd Floor1BR,1BA$825
Timberland at CrestbruckOne Bedroom B1BR,1BA$828
Lake Shore ParkB12BR,1BA$863
Frontier Village2 BD Legacy2BR,1BA$865
Applewood PropertiesTwo Bedroom2BR,1BA$895

Best Value Apartments for Rent in Ankeny, IA

As of February 18, 2025 the best value apartment in the Ankeny area is the $1.05 price per square foot Cascade Falls - Two-Story Model at Prairie Trails in the in the Springwood neighborhood starting from $2,300. The second greatest value Ankeny apartment is the Diamond Hills Model at Diamond Hills starting at $1,900 with a $0.95 price per square foot in the Springwood neighborhood. Here is today’s list of the best values for Ankeny apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie TrailsCascade Falls - Two-Story3BR,3BA$1.05
Diamond HillsDiamond Hills3BR,3BA$0.95
Prairie LakesThree Bedroom B3BR,2BA$1.07
Prairie Pointe Student Living3 Bdrm Townhome3BR,3BA$0.50
Applewood PropertiesTwo Bedroom2BR,1BA$0.89
Timberland at CrestbruckTwo Bedroom A2BR,1BA$1.03
Belmont Manor2 BD W/Balcony2BR,1BA$1.05
206 SW State St, Unit 5206 SW State St2BR,1BA$0.94
Frontier Village2 BD Legacy2BR,1BA$1.08
Campus View Student Housing2 Bed / 2 Bath2BR,2BA$0.67

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.

decorative image of people with a giant lease agreement

Ankeny Overview

Ankeny, Iowa is an amazing place to live with many opportunities for recreation, access to public transportation, as well as optimal seasonal weather. The town is a great place to raise a family and the town has even been recognized for this fact.

Why live in Ankeny, IA?

The town of Ankeny, Iowa is a very nice place to live because of it's focus on family and building a strong community. The city offers several opportunities for family recreation including hiking, classes, and events all year long. Because of the town's efforts to make the town a great place for families, Ankeny was recognized by Family Circle one of the top ten places in the US to live. A year later, the town placed #62 on the top 100 places to live in MONEY Magazine. If you want a great place to raise your family, choose Ankeny, Iowa.

Pet Friendly Lifestyle
Ankeny, IA

Ranked #11

Among cities in Iowa for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ankeny, IA Rentals by Map

View MapAnkeny, IA Apartments MapView MapAnkeny, IA Rental Homes Map

Getting Around Ankeny, IA

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Ankeny Apartments

What is the Cheapest Studio apartment in Ankeny?

Currently the most affordable Cheap Studio Apartment in Ankeny is at The Sterling at Prairie Trail - Phase 1 listed at $1,059.

How much is rent for a Cheap One Bedroom Ankeny Apartment?

The lowest price for a Cheap One Bedroom Ankeny Apartment is $825 at Trailside Apartments.

What is the lowest price for a Cheap Two Bedroom Ankeny Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ankeny is starting from $500 at Campus View Student Housing.

What is the most affordable Ankeny Three Bedroom Apartment?

The best deal on a cheap Ankeny Three Bedroom Apartment rental is at Campus View Student Housing and starts from $620.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.