Cheap Homes for Rent in Ankeny, IA from $700 (33 Rentals)

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

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 201 SW State St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

201 SW State St

AnkenyIA50023
property at 802 SW 3rd St

$1,250

2 Bedroom, 1 Bath Rentals

Available Now

802 SW 3rd St

AnkenyIA50023
property at 1319 SE Delaware Ave

$1,399

Total Monthly Price

Total Monthly Price

Base Rent
$1,399
Total Monthly Price
$1,399

2 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 1

1319 SE Delaware Ave

AnkenyIA50021

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

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
110 NW College Ave1 Beds, 1 Baths1BR,1BA$725
Trilein VillageSterling SignatureStudio,1BA$770
Brick Towne at Piper1x11BR,1BA$800
Grand Homes (55+ Community)One Bedroom1BR,1BA$800
218 NW State St2 BD Legacy2BR,1BA$845
Applewood PropertiesTwo Bedroom2BR,1BA$875

Best Value Apartments for Rent in Ankeny, IA

As of July 26, 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 Elm St - Ranch Finished Basement Model at Elm St Villas starting at $2,600 with a $0.94 price per square foot in the Hayes Acres 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
Elm St VillasElm St - Ranch Finished Basement3BR,3BA$0.94
Prairie TrailsPrairie Trail - 44BR,3BA$1.02
Centennial Pointe WestCentennial Pointe West3BR,3BA$1.00
Northgate Apartments3 bedroom 2 bath3BR,2BA$1.10
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Maple Apartments2BR/1.0BA2BR,1BA$1.11
Lake Shore ParkB12BR,1BA$1.10
218 NW State St2 BD Legacy2BR,1BA$1.06
Grand Homes (55+ Community)One Bedroom1BR,1BA$1.00

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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Ankeny, IA

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Ankeny

What type of rentals are currently available in Ankeny?

There are currently 210 Apartments for Rent in Ankeny, IA with pricing that ranges from $500 to $3,305. There are also 120 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ankeny ranging from $725 to $3,750.

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 $3,750 with an average monthly rent of $1,915.

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 $655 to $3,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,349 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $500.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.