Cheap Apartments for Rent in Ankeny, IA from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Ankeny.

Ankeny Park Apartments

Starland 2002 Hickory LLC

Timberland at Crestbruck

Trailside Apartments

Trilein Village Apartments
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Chapel Apartments

Lake Shore Park

Ashbrooke Apartments

Lake Shore Place

Brick Towne at Signature Village
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Fieldstream Apartment Homes

Delaware Crossing Apartments & Townhomes

Brick Towne at Piper
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Grand Homes (55+ Community)
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 | $1,028 | $802 | $1,082 |
Cheap Ankeny 1 Bedroom Apartments | $1,204 | $725 | $1,966 |
Cheap Ankeny 2 Bedroom Apartments | $1,415 | $845 | $2,501 |
Cheap Ankeny 3 Bedroom Apartments | $1,824 | $975 | $2,940 |
Cheap Ankeny 4 Bedroom Apartments | $1,966 | $1,883 | $2,300 |
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 1 Bed unit found at Ankeny Park Apartments in the Georgetown neighborhood priced from $760. Grand Homes (55+ Community) in the Castalia Plaza neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Ankeny apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ankeny Park Apartments | 1B1B | 1BR,1BA | $760 |
Grand Homes (55+ Community) | One Bedroom | 1BR,1BA | $800 |
Timberland at Crestbruck | One Bedroom B | 1BR,1BA | $813 |
Trailside Apartments | 1 Bedroom 2nd Floor | 1BR,1BA | $825 |
Village on State | 2BD LL | 2BR,1BA | $845 |
Applewood Properties | Two Bedroom | 2BR,1BA | $850 |
Trilein Village Apartments | 2 BDRM | 2BR,1BA | $860 |
Belmont Manor | 2 BR Central Air Lower Level | 2BR,1BA | $865 |
Lake Shore Park | A1 | 1BR,1BA | $872 |
Lake Shore Place | B1 | 2BR,1BA | $950 |
Best Value Apartments for Rent in Ankeny, IA
As of September 20, 2025 the best value apartment in the Ankeny area is the $0.77 price per square foot Four bed Model at Prairie Trails in the in the Hayes Acres neighborhood starting from $2,300. The second greatest value Ankeny apartment is the Elm St - Ranch Finished Basement Model at Elm St Villas starting at $2,600 with a $0.94 price per square foot in the Hayes Acres 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. |
---|---|---|---|
Prairie Trails | Four bed | 4BR,3BA | $0.77 |
Elm St Villas | Elm St - Ranch Finished Basement | 3BR,3BA | $0.94 |
Centennial Pointe West | Centennial Pointe West | 3BR,3BA | $0.96 |
Prairie Trails | Cascade Falls - Two-Story | 3BR,3BA | $1.05 |
The Ridge at Canyon Landing Townhomes | Pearson | 3BR,2.5BA | $1.06 |
Applewood Properties | Two Bedroom | 2BR,1BA | $0.85 |
Avondale Trace Condos | AC.1B.1B.B/P | 1BR,1BA | $1.06 |
Maple Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
Village on State | 2BD LL | 2BR,1BA | $1.06 |
Grand Homes (55+ Community) | One Bedroom | 1BR,1BA | $1.00 |
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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 #9
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Ankeny, IA
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
How much is rent for a Cheap One Bedroom Ankeny Apartment?
The lowest price for a Cheap One Bedroom Ankeny Apartment is $760 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 $845 at Village on State.
What is the most affordable Ankeny Three Bedroom Apartment?
The best deal on a cheap Ankeny Three Bedroom Apartment rental is at Grand Homes (55+ Community) and starts from $975.
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.

A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa
Written by: Joseph Isenberg
I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.