Cheap Apartments for Rent in Ankeny, IA from $500 (55 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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Lake Shore Park
Rent Specials
$854 - $1,336
Total Monthly Price

Total Monthly Price

Base Rent
$751 - $1,233
Required Monthly Fees
$103
Total Monthly Price
$854 - $1,336
1 to 2 Bedroom Apartments Available Now

Lake Shore Park

725-783 NE 5th StAnkeny, IA 50021
Affordability
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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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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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306 NW State St
1 Bedroom Apartments

306 NW State St

306 NW State StAnkeny, IA 50023
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Oakwood Place
1 to 3 Bedroom Apartments

Oakwood Place

2810 SE Rio DrAnkeny, IA 50021
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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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
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Belmont Point Apartments
2 Bedroom Apartments

Belmont Point Apartments

1102 SE Belmont DrAnkeny, IA 50021
Student Housing
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MORT II
1 Bedroom Apartments

MORT II

2022 NW Hickory LnAnkeny, IA 50023
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Walnut Ridge
2 Bedroom Apartments

Walnut Ridge

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

Peach Tree

2701 SE Peachtree DrAnkeny, IA 50021
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Pine Tree Flats
1 to 2 Bedroom Apartments

Pine Tree Flats

1713 NW Pine RdAnkeny, IA 50023
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Maple Apartments
1 to 2 Bedroom Apartments

Maple Apartments

1011 SE 3rd StAnkeny, IA 50021

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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Written By:
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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 $699. Trailside Apartments in the Georgetown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Ankeny apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ankeny Park Apartments1B1B1BR,1BA$699
Trailside Apartments1 Bedroom 1st Floor1BR,1BA$795
Timberland at CrestbruckOne Bedroom B1BR,1BA$842
Lake Shore ParkB32BR,1BA$854
Applewood PropertiesTwo Bedroom2BR,1BA$875
Trilein Village Apartments1 BDRM-Remodel1BR,1BA$880

Best Value Apartments for Rent in Ankeny, IA

As of February 21, 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 Prairie Trail - 3 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 TrailsPrairie Trail - 33BR,3BA$1.05
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.14
Woodland Reserve Apartments3L 1342 sf3BR,2BA$1.03
Prairie LakesThree Bedroom B3BR,2BA$1.05
Prairie Pointe Student Living3 Bdrm Townhome3BR,3BA$0.52
Tradition Pointe2Bdrm - 1103 Building (B)2BR,2BA$1.14
Lake Shore PlaceC13BR,2BA$0.93
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Maple Apartments2BR/1.0BA2BR,1BA$1.06

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

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

The lowest price for a Cheap One Bedroom Ankeny Apartment is $699 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 $854 at Lake Shore Park.

What is the most affordable Ankeny Three Bedroom Apartment?

The best deal on a cheap Ankeny Three Bedroom Apartment rental is at Lake Shore Place and starts from $1,025.

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.