
Cheap Apartments for Rent in the Diamond Hills Neighborhood of Ankeny, IA from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Hills area of Ankeny.


District Lofts Apartments

Sterling of Prairie Trail

Total Monthly Price
Vintage Lofts - Ankeny

Roseann Lofts

Pointe 28

The Standard at Prairie Trail
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.

Skyline Lofts

District Flats

Sterling at Prairie Trail North

Tradition Pointe

Connect55+ Ankeny Senior Living 55+

402 SE 11th St

1960 Four Seasons Dr
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.

1511 Summer Park Dr

2431 Four Seasons Dr

1961 Four Seasons Dr

1733 SW 32nd Ln

3161 SW Sharmin Ln

Autumn Ridge

PineTree Apartments
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.

Belmont Point Apartments

Belmont Park Apartments

1218 SE Belmont Dr

1115 SW 11th St

3104 SW Arlan Ln

3035 SW Sharmin Ln

3138 SW Arlan Ln
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.

3181 SW Sharmin Ln
Diamond Hills, Ankeny, IA Local Guide

How much does it cost to rent an apartment in Diamond Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Hills Studio Apartments | $1,111 | $1,059 | $1,130 |
| Diamond Hills 1 Bedroom Apartments | $1,302 | $1,050 | $1,645 |
| Diamond Hills 2 Bedroom Apartments | $1,655 | $730 | $2,549 |
| Diamond Hills 3 Bedroom Apartments | $1,821 | $685 | $2,600 |
| Diamond Hills 4 Bedroom Apartments | $992 | $560 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Diamond Hills Neighborhood of Ankeny, IA.
See all Apartments in AnkenyExplore Ankeny
Diamond Hills, Ankeny, IA Local Guide
- Nearby Ankeny neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sterling of Prairie Trail | Sardinia | Studio,1BA | $1,059 |
| Roseann Lofts | Roseann 2nd/3rd Floor 1 Bed Corner | 1BR,1BA | $1,150 |
| The Standard at Prairie Trail | 2nd Floor (A1) No Balcony | 1BR,1BA | $1,225 |
| Pointe 28 | Anson Signature | 1BR,1BA | $1,335 |
| Connect55+ Ankeny Senior Living 55+ | 1 BR 1 BA | 1BR,1BA | $1,355 |
| Tradition Pointe | 2Bdrm - 1115 Building (A) | 2BR,2BA | $1,367 |
| The Franklin Apartments | 2BR/2.0BA | 2BR,2BA | $1,375 |
| Sterling at Prairie Trail North | Ginger Townhome | 1BR,1BA | $1,545 |
| Prairie Trails | Four bed | 4BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Prairie Trails | Four bed | 4BR,3BA | $0.77 |
| Tradition Pointe | 2Bdrm - 1115 Building (A) | 2BR,2BA | $1.22 |
| Sterling at Prairie Trail North | Ginger Townhome | 1BR,1BA | $1.46 |
| Connect55+ Ankeny Senior Living 55+ | 2 BR 1 BA | 2BR,1BA | $1.94 |
| Pointe 28 | Anson Signature | 1BR,1BA | $1.71 |
| The Standard at Prairie Trail | 4th Floor (D1) | 2BR,1BA | $2.28 |
| Roseann Lofts | Roseann 1st Floor 1 bed Corner | 1BR,1BA | $1.66 |
| Sterling of Prairie Trail | Sardinia | Studio ,1BA | $1.84 |
| The Franklin Apartments | A2 | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDiamond Hills, Ankeny, IA
Ranked #10
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Diamond Hills, Ankeny, IA
Crocker Elementary School
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 $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

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.

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.

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.

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.