Cheap Apartments for Rent in Ankeny, IA from $500 (36 Rentals)

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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.

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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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
  • Smoke Free
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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

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.

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Walnut Ridge
2 Bedroom Apartments

Walnut Ridge

201-217 NE 12th St PlAnkeny, IA 50021
  • Utilities Included
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Peach Tree
1 to 2 Bedroom Apartments

Peach Tree

2701 SE Peachtree DrAnkeny, IA 50021
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Maple Apartments
1 to 2 Bedroom Apartments

Maple Apartments

1011 SE 3rd StAnkeny, IA 50021
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Wedgewood Coop
1 to 2 Bedroom Apartments

Wedgewood Coop

2555 Wedgewood RdDes Moines, IA 50317

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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Eastview Manor
1 to 2 Bedroom Apartments

Eastview Manor

3700 E 31st StDes Moines, IA 50317
Senior Living
  • Utilities Included
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3274 E Euclid Ave
2 Bedroom Apartments

3274 E Euclid Ave

3274 E Euclid AveDes Moines, IA 50317
  • Utilities Included

Ankeny, IA Local Guide

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Written By:
Staff Writer
Local Guide Expert

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 ListingModel NameBed/BathPriced From
Ankeny Park Apartments1B1B1BR,1BA$760
Grand Homes (55+ Community)One Bedroom1BR,1BA$800
Timberland at CrestbruckOne Bedroom B1BR,1BA$813
Trailside Apartments1 Bedroom 2nd Floor1BR,1BA$825
Village on State2BD LL2BR,1BA$845
Applewood PropertiesTwo Bedroom2BR,1BA$850
Trilein Village Apartments2 BDRM2BR,1BA$860
Belmont Manor2 BR Central Air Lower Level2BR,1BA$865
Lake Shore ParkA11BR,1BA$872
Lake Shore PlaceB12BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie TrailsFour bed4BR,3BA$0.77
Elm St VillasElm St - Ranch Finished Basement3BR,3BA$0.94
Centennial Pointe WestCentennial Pointe West3BR,3BA$0.96
Prairie TrailsCascade Falls - Two-Story3BR,3BA$1.05
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.06
Applewood PropertiesTwo Bedroom2BR,1BA$0.85
Avondale Trace CondosAC.1B.1B.B/P1BR,1BA$1.06
Maple Apartments2BR/1.0BA2BR,1BA$1.06
Village on State2BD LL2BR,1BA$1.06
Grand Homes (55+ Community)One Bedroom1BR,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 Lifestyle
Ankeny, IA

Ranked #9

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Ankeny, IA Rentals by Map

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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

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.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.