Cheap Apartments for Rent in the Diamond Hills Neighborhood of Ankeny, IA from $500 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Diamond Hills area of Ankeny.

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Twin Gates Townhomes
3 Bedroom Apartments

Twin Gates Townhomes

1558 SW Twin Gates DrAnkeny, IA 50023
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-33, Page 1 of 1

Diamond Hills, Ankeny, IA Local Guide

Cheapest Available Diamond Hills Apartments for Rent

 

The cheapest available apartment rental in the Diamond Hills area of Des Moines, IA is a 1 Bed unit found at 2003-2005 W 1st St priced from $800. 602 SE Grant St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here are the most affordable Diamond Hills apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
2003-2005 W 1st St1B1B1BR,1BA$800
602 SE Grant St2 Bed 1 Bath2BR,1BA$895
District Lofts ApartmentsDistrict Lofts 1 - 2nd and 3rd Floor Interior1BR,1BA$900
Lake Shore ApartmentsA1 - Red Rock1BR,1BA$951
Lake Shore PlaceB12BR,1BA$991
Roseann LoftsRoseann 2nd/3rd Floor 1 Bed Suite1BR,1BA$1,050
Pointe 28Anson1BR,1BA$1,064
Sterling of Prairie TrailSardiniaStudio,1BA$1,080
Uptown LoftsFloor Plan F1BR,1BA$1,125
The Franklin ApartmentsNew 1 Bedroom1BR,1BA$1,150

Best Value Apartments for Rent in Diamond Hills, IA

As of September 13, 2026 the best value apartment in the Diamond Hills area is the $0.77 price per square foot Four bed Model at Prairie Trails in the in the Georgetown neighborhood starting from $2,300. The second greatest value Diamond Hills apartment is the Four Grand Brownstones - Interior Model at Four Grand Brownstones - Ankeny starting at $2,150 with a $1.19 price per square foot in the Georgetown neighborhood. Here is today’s list of the best values for Diamond Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie TrailsFour bed4BR,3BA$0.77
Four Grand Brownstones - AnkenyFour Grand Brownstones - Interior3BR,2.5BA$1.19
The Cove at Prairie TrailCove PT - Lake View 3-Bed End Unit3BR,2.5BA$1.35
Prairie Pointe Student Living3 Bdrm Townhome3BR,3BA$0.50
1815 SW White Birch Cir #51815 SW White Birch Cir #53BR,2BA$1.24
Chalet at Prairie Trail TownhomesChalet - End Patio2BR,2.5BA$1.45
Tradition Pointe2Bdrm - 1115 Building (A)2BR,2BA$1.25
Lake Shore PlaceB12BR,1BA$1.13
602 SE Grant St2 Bed 1 Bath2BR,1BA$1.13
2003-2005 W 1st St1B1B1BR,1BA$1.46

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Diamond Hills, Ankeny, IA

Ranked #9

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Diamond Hills, Ankeny, IA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Iowa and customized analysis for North Des Moines, IA. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Diamond Hills Apartments

What is a cheap apartment in Diamond Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Diamond Hills is under $1,150.

What is the price of a cheap apartment in Diamond Hills?

The cheapest apartment in Diamond Hills is 2003-2005 W 1st St which is listed at $800, while the average apartment in Diamond Hills costs $1,325.

What types of apartments are the cheapest in Diamond Hills?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 19 regular apartments in Diamond Hills that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Diamond Hills?

Cheap apartments in Diamond Hills have an average cost of $549 which is $776 cheaper than the average rent for all rentals in Diamond Hills.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.