Cheap Homes for Rent in School Street Commons Neighborhood of Ankeny, IA from $800 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in the School Street Commons 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 702 NW Chapel Dr

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

2 Bedroom, 1.5 Bath Home for Rent

Available May 1

702 NW Chapel Dr

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.

Best Value Apartments for Rent in School Street Commons, IA

As of April 30, 2026 the best value apartment in the School Street Commons area is the $0.94 price per square foot Elm St - Ranch Finished Basement Model at Elm St Villas in the in the Hayes Acres neighborhood starting from $2,600. The second greatest value School Street Commons apartment is the Forestwood Model at Redwood Ankeny starting at $1,999 with a $1.54 price per square foot in the Hayes Acres neighborhood. Here is today’s list of the best values for School Street Commons apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elm St VillasElm St - Ranch Finished Basement3BR,3BA$0.94
Redwood AnkenyForestwood2BR,2BA$1.54
Chalet at Prairie Trail TownhomesChalet - End Non-Patio2BR,2.5BA$1.42
Lake Shore PlaceB12BR,1BA$1.11
Trilein Village Apartments2 BDRM2BR,1BA$1.00
602 SE Grant St2 Bed 1 Bath2BR,1BA$1.03
Trailside Apartments2 Bedroom2BR,1BA$1.42
Lake Shore ParkA11BR,1BA$1.32
Timberland at CrestbruckStudioStudio ,1BA$1.32
218 NW Chapel Dr, Unit Chapel218 NW Chapel Dr1BR,1BA$1.49

Frequently Asked Questions about School Street Commons

What type of rentals are currently available in School Street Commons?

There are currently 49 Apartments for Rent in School Street Commons, IA with pricing that ranges from $795 to $2,600. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in School Street Commons ranging from $895 to $2,295.

What is the current price range for Rental Homes in School Street Commons?

Today's rental pricing for Homes for Rent, Condos and Townhomes in School Street Commons ranges from $895 to $2,295 with an average monthly rent of $1,583.

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

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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.