Cheap Apartments for Rent in Ankeny, IA from $500 (53 Rentals)

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

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

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
306 NW State St
1 Bedroom Apartments

306 NW State St

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

Mark III Apartments

2101 W 1st StAnkeny, IA 50023
  • Utilities Included
  • Smoke Free
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
  • Utilities Included
close
View Me
Walnut Ridge
2 Bedroom Apartments

Walnut Ridge

201-217 NE 12th St PlAnkeny, IA 50021
  • Utilities Included
close
View Me
Peach Tree
2 Bedroom Apartments

Peach Tree

2701 SE Peachtree DrAnkeny, IA 50021
close
View Me
Wedgewood Coop
1 to 2 Bedroom Apartments

Wedgewood Coop

2555 Wedgewood RdDes Moines, IA 50317

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.

Read Article
Showing Results 1-50, Page 1 of 2

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. Ankeny Park Apartments in the Georgetown 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
Campus View Student Housing2 Bed / 2 Bath2BR,2BA$500
Ankeny Park Apartments1B1B1BR,1BA$800
Grand Homes (55+ Community)One Bedroom1BR,1BA$800
Trailside Apartments1 Bedroom 2nd Floor1BR,1BA$825
Village on State2 BD Legacy2BR,1BA$845
Applewood PropertiesTwo Bedroom2BR,1BA$850
Trilein Village Apartments2 BDRM2BR,1BA$860
Chapel Apartments2 BD Legacy2BR,1BA$865
Lake Shore ParkA11BR,1BA$872

Best Value Apartments for Rent in Ankeny, IA

As of August 04, 2025 the best value apartment in the Ankeny area is the $1.10 price per square foot Elm St - 2-Story Unfinished Basement Model at Elm St Villas in the in the Hayes Acres neighborhood starting from $2,350. The second greatest value Ankeny apartment is the SS 2 bed units interior Model at State Street Lofts starting at $1,400 with a $0.93 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Elm St VillasElm St - 2-Story Unfinished Basement3BR,3BA$1.10
State Street LoftsSS 2 bed units interior2BR,2BA$0.93
The PinesUpper Level3BR,2BA$0.95
Applewood PropertiesTwo Bedroom2BR,1BA$0.85
Lake Shore PlaceB12BR,1BA$1.11
Timberland at CrestbruckTwo Bedroom A2BR,1BA$1.09
Chapel Apartments2 BD Legacy2BR,1BA$1.08
Village on State2 BD Legacy2BR,1BA$1.06
Grand Homes (55+ Community)One Bedroom1BR,1BA$1.00
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

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Ankeny, IA

School data provided by Great Schools

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

Explore Ankeny, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Ankeny, IA

View Map
Ankeny, IA Apartments Map
View Map
Ankeny, 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

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 $800 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 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 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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.