
Cheap Apartments for Rent in Ankeny, IA from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Ankeny.


Starland 2002 Hickory LLC

Frontier Village

Trailside Apartments

Timberland at Crestbruck

Applewood Properties

214 NW Chapel Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1927 NW Hickory Ln

2021 NW hickory Ln

1115 W 1st St

1115 W 1st St

1115 W 1st St

Trilein Village Apartments

Ashbrooke Apartments

2013 NW Hickory Ln
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Brick Towne at Signature Village

405 SW Elm St

401 SW Elm St

Brick Towne at Piper
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.

Grand Homes (55+ Community)

6633 NW 6th Dr
Ankeny, IA Local Guide

How much does it cost to rent an apartment in Ankeny?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Ankeny Studio Apartments | $1,136 | $867 | $1,448 |
Cheap Ankeny 1 Bedroom Apartments | $1,281 | $700 | $2,583 |
Cheap Ankeny 2 Bedroom Apartments | $1,444 | $795 | $2,899 |
Cheap Ankeny 3 Bedroom Apartments | $1,819 | $500 | $2,727 |
Cheap Ankeny 4 Bedroom Apartments | $1,650 | $500 | $2,500 |
Browse Top Apartments in Ankeny
See all Apartments in AnkenyExplore Ankeny
Ankeny, IA Local Guide

- Ankeny Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Ankeny Apartments for Rent
 The cheapest available apartment rental in Ankeny, IA is a 4 Beds unit found at Prairie Pointe Student Living in the Springwood neighborhood priced from $500. Campus View Student Housing in the Springwood neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $500. Here is today’s list of the most affordable Ankeny apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Pointe Student Living | 4 Bdrm Townhome | 4BR,4BA | $500 |
Campus View Student Housing | 2 Bed / 2 Bath | 2BR,2BA | $500 |
Ankeny Park Apartments | 1B1B | 1BR,1BA | $700 |
Frontier Village | 2BD LL | 2BR,1BA | $795 |
Starland 2002 Hickory LLC | 1BR/1.0BA | 1BR,1BA | $795 |
Grand Homes (55+ Community) | One Bedroom | 1BR,1BA | $800 |
Trailside Apartments | 1 Bedroom 2nd Floor | 1BR,1BA | $825 |
Belmont Manor | 2 BD Legacy | 2BR,1BA | $865 |
Timberland at Crestbruck | One Bedroom B | 1BR,1BA | $883 |
Applewood Properties | Two Bedroom | 2BR,1BA | $895 |
Best Value Apartments for Rent in Ankeny, IA
As of May 19, 2025 the best value apartment in the Ankeny area is the $0.95 price per square foot Upper Level Model at The Pines in the in the Georgetown neighborhood starting from $1,350. The second greatest value Ankeny apartment is the Three Bedroom B Model at Prairie Lakes starting at $1,393 with a $1.05 price per square foot in the Georgetown neighborhood. Here is today’s list of the best values for Ankeny apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Pines | Upper Level | 3BR,2BA | $0.95 |
Prairie Lakes | Three Bedroom B | 3BR,2BA | $1.05 |
Prairie Pointe Student Living | 3 Bdrm Townhome | 3BR,3BA | $0.38 |
Applewood Properties | Two Bedroom | 2BR,1BA | $0.89 |
Lake Shore Place | B1 | 2BR,1BA | $1.09 |
Timberland at Crestbruck | Two Bedroom A | 2BR,1BA | $1.07 |
Belmont Manor | 2 BD Legacy | 2BR,1BA | $1.02 |
Grand Homes (55+ Community) | One Bedroom | 1BR,1BA | $1.00 |
Frontier Village | 2BD LL | 2BR,1BA | $0.99 |
Campus View Student Housing | 2 Bed / 2 Bath | 2BR,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.
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 LifestyleAnkeny, IA
Ranked #11
Among cities in Iowa for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Ankeny, IA
Southeast Elementary School
Ankeny Centennial High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ankeny, IA Rentals by Map
See the most popular apartments and homes in Ankeny, IA
Getting Around Ankeny, IA
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 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 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 $700 at Ankeny Park 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 Prairie Pointe Student Living and starts from $500.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.