Cheap Homes for Rent in Polk City, IA from $1,200 (9 Rentals)

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

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.

Polk City, IA Local Guide

Cheapest Available Polk City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Polk City, IA is a 1 Bed unit found at Ankeny Park Apartments in the Georgetown neighborhood priced from $700. Granger Lofts in the Royal Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here is today’s list of the most affordable Polk City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ankeny Park Apartments1B1B1BR,1BA$700
Granger Lofts1BR Upper1BR,1BA$780
Cozy 2 Bedroom 1 Bathroom in Prime Ankeny Location - $99 Deposit & Rent Special2 BD Legacy2BR,1BA$845

Best Value Apartments for Rent in Polk City, IA and Nearby

As of May 21, 2026 the best value apartment in the Polk City area is the $0.77 price per square foot Four bed Model at Prairie Trails in the in the Henderson Park neighborhood starting from $2,300. The second greatest value Polk City 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 Polk City 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
James Point Luxury TownhomesA3BR,2.5BA$1.25
The Ave at Johnston CommonsEcho3BR,2BA$1.30
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Avondale Trace CondosAC.2B.2B.B/P2BR,2BA$1.31
Pine MeadowsB1 Renovated2BR,1BA$1.32
Cozy 2 Bedroom 1 Bathroom in Prime Ankeny Location - $99 Deposit & Rent Special2 BD Legacy2BR,1BA$1.06
Granger Lofts1BR Upper1BR,1BA$1.30
Ankeny Park Apartments1B1B1BR,1BA$1.28

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

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Frequently Asked Questions about Polk City

What type of rentals are currently available in Polk City?

There are currently 50 Apartments for Rent in Polk City, IA with pricing that ranges from $700 to $2,680. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Polk City ranging from $1,295 to $2,995.

What is the current price range for Rental Homes in Polk City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Polk City ranges from $1,295 to $2,995 with an average monthly rent of $1,845.

How much are larger Three and Four Bedroom Rentals in Polk City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Polk City range from $1,400 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,300.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.