Cheap Apartments for Rent in the Diamond Hills Neighborhood of Ankeny, IA from $500 (29 Rentals)

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

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.

property at 402 SE 11th St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Townhome for Rent

Available Now

402 SE 11th St

AnkenyIA50021

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.

property at 3161 SW Sharmin Ln

$1,500

2 Bedroom, 2.5 Bath Townhome for Rent

Available Aug 1

3161 SW Sharmin Ln

AnkenyIA50023
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Autumn Ridge
2 to 3 Bedroom Apartments

Autumn Ridge

2050 Four Seasons DrAnkeny, IA 50021

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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Belmont Point Apartments
2 Bedroom Apartments

Belmont Point Apartments

1102 SE Belmont DrAnkeny, IA 50021
Student Housing
  • 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.

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 Studio unit found at Sterling of Prairie Trail priced from $1,059. Roseann Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Diamond Hills apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Sterling of Prairie TrailSardiniaStudio,1BA$1,059
Roseann LoftsRoseann 2nd/3rd Floor 1 Bed Corner1BR,1BA$1,150
The Standard at Prairie Trail2nd Floor (A1) No Balcony1BR,1BA$1,225
Pointe 28Anson Signature1BR,1BA$1,335
Connect55+ Ankeny Senior Living 55+1 BR 1 BA1BR,1BA$1,355
Tradition Pointe2Bdrm - 1115 Building (A)2BR,2BA$1,367
The Franklin Apartments2BR/2.0BA2BR,2BA$1,375
Sterling at Prairie Trail NorthGinger Townhome1BR,1BA$1,545
Prairie TrailsFour bed4BR,3BA$2,300

Best Value Apartments for Rent in Diamond Hills, IA

As of June 14, 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 Hayes Acres neighborhood starting from $2,300. The second greatest value Diamond Hills apartment is the 2Bdrm - 1115 Building (A) Model at Tradition Pointe starting at $1,367 with a $1.22 price per square foot in the Hayes Acres 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
Tradition Pointe2Bdrm - 1115 Building (A)2BR,2BA$1.22
Sterling at Prairie Trail NorthGinger Townhome1BR,1BA$1.46
Connect55+ Ankeny Senior Living 55+2 BR 1 BA2BR,1BA$1.94
Pointe 28Anson Signature1BR,1BA$1.71
The Standard at Prairie Trail4th Floor (D1)2BR,1BA$2.28
Roseann LoftsRoseann 1st Floor 1 bed Corner1BR,1BA$1.66
Sterling of Prairie TrailSardiniaStudio ,1BA$1.84
The Franklin ApartmentsA22BR,2BA$1.47

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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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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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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Pet Friendly Lifestyle
Diamond Hills, Ankeny, IA

Ranked #10

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $2,300.

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

The cheapest apartment in Diamond Hills is Roseann Lofts which is listed at $1,150, while the average apartment in Diamond Hills costs $1,790.

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 4 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 $274 which is $1,516 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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.