Cheap Apartments for Rent in the Diamond Hills Neighborhood of Ankeny, IA from $500 (25 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.

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

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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Autumn Ridge
2 to 3 Bedroom Apartments

Autumn Ridge

2050 Four Seasons DrAnkeny, IA 50021
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Belmont Point Apartments
2 Bedroom Apartments

Belmont Point Apartments

1102 SE Belmont DrAnkeny, IA 50021
Student Housing
  • Utilities Included
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Twin Gates Townhomes
3 Bedroom Apartments

Twin Gates Townhomes

1558 SW Twin Gates DrAnkeny, IA 50023
  • Utilities Included
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Grant Townhomes
3 Bedroom Apartments

Grant Townhomes

3001-3015 SE Grant StAnkeny, IA 50021

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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Attivo Trail Ankeny
1 to 2 Bedroom Apartments

Attivo Trail Ankeny

1010 SW Magazine RdAnkeny, IA 50023
Senior Living
  • Utilities Included

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 3 Beds unit found at Campus View Student Housing priced from $640. 602 SE Grant St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here are the most affordable Diamond Hills apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Campus View Student Housing3 Bed / 3 Bath3BR,3BA$640
602 SE Grant St2 Bed 1 Bath2BR,1BA$825
The Sterling at Prairie Trail - Phase 1SardiniaStudio,1BA$1,059
Roseann LoftsRoseann 2nd/3rd Floor 1 Bed Suite1BR,1BA$1,115
The Franklin ApartmentsA11BR,1BA$1,150

Best Value Apartments for Rent in Diamond Hills, IA

As of April 10, 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 Cascade Falls - Two-Story 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 Diamond Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie TrailsFour bed4BR,3BA$0.77
Prairie TrailsCascade Falls - Two-Story3BR,3BA$1.05
The District BrownstonesDistrict Brownstones 2 Bed Interior Unit2BR,2.5BA$1.39
Chalet at Prairie TrailChalet - End Non-Patio2BR,2.5BA$1.42
3119 SW Sharmin Lane3119 SW Sharmin Lane2BR,2.5BA$1.26
Tradition Pointe2Bdrm - 1115 Building (A)2BR,2BA$1.22
Sterling at Prairie Trail NorthLily Townhome1BR,1BA$1.66
602 SE Grant St2 Bed 1 Bath2BR,1BA$1.03
Campus View Student Housing2 Bed / 2 Bath2BR,2BA$0.90
The Franklin ApartmentsA11BR,1BA$1.67

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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Pet Friendly Lifestyle
Diamond Hills, Ankeny, IA

Ranked #11

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 the price of a cheap apartment in Diamond Hills?

The cheapest apartment in Diamond Hills is Roseann Lofts which is listed at $1,115, while the average apartment in Diamond Hills costs $1,925.

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 1 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 $542 which is $1,383 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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.