Cheap Apartments for Rent in Ankeny, IA from $500 (65 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Lake Shore Park
Rent Specials
$894 - $1,337
Total Monthly Price

Total Monthly Price

Base Rent
$791 - $1,234
Required Monthly Fees
$103
Total Monthly Price
$894 - $1,337
1 to 2 Bedroom Apartments Available Now

Lake Shore Park

725-783 NE 5th StAnkeny, IA 50021
Affordability
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 2009 NW Hickory Ln

$980

Total Monthly Price

Total Monthly Price

Base Rent
$980
Total Monthly Price
$980

2 Bedroom, 1 Bath Home for Rent

Available Now

2009 NW Hickory Ln

AnkenyIA50023
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Lake Shore Place
Rent Specials
$987 - $1,351
Total Monthly Price

Total Monthly Price

Base Rent
$954 - $1,318
Required Monthly Fees
$33
Total Monthly Price
$987 - $1,351
2 to 3 Bedroom Apartments Available Apr 27

Lake Shore Place

202 NE Trilein DrAnkeny, IA 50021
Affordability
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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.

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306 NW State St
1 Bedroom Apartments

306 NW State St

306 NW State StAnkeny, IA 50023
  • Utilities Included
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Mark III Apartments
1 Bedroom Apartments

Mark III Apartments

2101 W 1st StAnkeny, IA 50023
  • Utilities Included
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Autumn Ridge
2 to 3 Bedroom Apartments

Autumn Ridge

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

Fletcher Estates

205 NE Hayes DrAnkeny, IA 50021
  • Utilities Included

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.

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Ankeny, IA Local Guide

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Local Guide Expert

Cheapest Available Ankeny Apartments for Rent

 

The cheapest available apartment rental in Ankeny, IA is a 3 Beds unit found at Campus View Student Housing in the Springwood neighborhood priced from $640. Oakwood Place in the Springwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $773. Here is today’s list of the most affordable Ankeny apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Campus View Student Housing3 Bed / 3 Bath3BR,3BA$640
Oakwood PlaceAsh 40%1BR,1BA$773
Trailside Apartments1 Bedroom 1st Floor1BR,1BA$795
Grand Homes (55+ Community)One Bedroom1BR,1BA$800
2003-2005 W 1st St1B1B1BR,1BA$800
Village on State2BD LL2BR,1BA$845
Timberland at CrestbruckOne Bedroom A1BR,1BA$850
Applewood PropertiesTwo Bedroom2BR,1BA$875
Lake Shore ParkA11BR,1BA$894

Best Value Apartments for Rent in Ankeny, IA

As of April 07, 2026 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 Cascade Falls - Two-Story Model at Prairie Trails starting at $2,300 with a $1.05 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie TrailsFour bed4BR,3BA$0.77
Prairie TrailsCascade Falls - Two-Story3BR,3BA$1.05
Windsor Village CondosWV 3 Bed3BR,2BA$1.17
Woodland Reserve Apartments2B 1150 sf2BR,2BA$1.12
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Delaware Crossing Apartments & Townhomes2Bedroom/1Bath - Upgraded2BR,1BA$1.08
Maple Apartments2BR/1.0BA2BR,1BA$0.99
Village on State2BD LL2BR,1BA$1.06
Grand Homes (55+ Community)One Bedroom1BR,1BA$1.00
Campus View Student Housing2 Bed / 2 Bath2BR,2BA$0.90

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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.

Best Local Schools in
Ankeny, IA

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

Explore Ankeny, IA Rentals by Map

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See the most popular apartments and homes in Ankeny, IA

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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 Spectrum Heights NEW! listed at $960.

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

The lowest price for a Cheap One Bedroom Ankeny Apartment is $795 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 $675 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 $640.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa article

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.