Cheap Homes for Rent in Ankeny, IA from $700 (21 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

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property at 209 SW School St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

209 SW School St

AnkenyIA50023

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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property at 3650 NE 57th Ave

$985

Total Monthly Price

Total Monthly Price

Base Rent
$985
Total Monthly Price
$985

2 Bedroom, 1 Bath Home for Rent

Available Jun 15

3650 NE 57th Ave

BerwickIA50032

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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Showing Results 1-21, Page 1 of 1

Ankeny, IA Local Guide

Cheapest Available Ankeny Apartments for Rent

 

The cheapest available apartment rental in Ankeny, IA is a 1 Bed unit found at 2003-2005 W 1st St in the Georgetown neighborhood priced from $700. 114 NW College Ave in the Georgetown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Ankeny apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2003-2005 W 1st St1B1B1BR,1BA$700
114 NW College Ave1 Beds, 1 Baths1BR,1BA$725
The Maples1BR/1.0BA1BR,1BA$795
Grand Homes (55+ Community)One Bedroom1BR,1BA$800
218 NW State St2 BD Legacy2BR,1BA$845

Best Value Apartments for Rent in Ankeny, IA

As of June 10, 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 Centennial Pointe West Model at Centennial Pointe West starting at $2,400 with a $1.00 price per square foot in the Georgetown 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
Centennial Pointe WestCentennial Pointe West3BR,3BA$1.00
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.21
Tradition Pointe2Bdrm - 1115 Building (A)2BR,2BA$1.22
Lake Shore PlaceC13BR,2BA$1.17
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Lake Shore ParkB32BR,1BA$1.18
Grand Homes (55+ Community)One Bedroom1BR,1BA$1.00
218 NW State St2 BD Legacy2BR,1BA$1.06
The Maples1BR/1.0BA1BR,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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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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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Ankeny

What type of rentals are currently available in Ankeny?

There are currently 209 Apartments for Rent in Ankeny, IA with pricing that ranges from $560 to $6,170. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ankeny ranging from $725 to $3,595.

What is the current price range for Rental Homes in Ankeny?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ankeny ranges from $725 to $3,595 with an average monthly rent of $2,100.

How much are larger Three and Four Bedroom Rentals in Ankeny?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ankeny range from $685 to $6,170, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $560.

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.

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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.