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Rental Market Trends in Ankeny, IA

What is the average rent in Ankeny, IA?

$1,095/month

Average Rent

735 Sq Ft

Average Apartment Size

-1.2%

Decrease in the Last Year

As of July 2025, the average rent in Ankeny, IA is $1,095 per month. This is 33% lower than the national average rent of $1,637/month, making renting in Ankeny more affordable than most cities in the US. When you rent an apartment in Ankeny, you can expect to pay about $1,134 per month for a studio, $1,095 for a one-bedroom apartment, and around $1,324 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,660 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,134/month
635 Sq Ft
One Bedroom
$1,095/month
735 Sq Ft
Two Bedroom
$1,324/month
1,039 Sq Ft
Three Bedroom
$1,660/month
1,410 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$946/month
708 Sq Ft
Two Bedroom
$1,384/month
1,055 Sq Ft
Three Bedroom
$2,064/month
1,558 Sq Ft
Four Bedroom
$2,509/month
1,970 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,928/month
1,595 Sq Ft

How much has average rent changed in Ankeny, IA?

In the past year, rent has decreased by 1.2%, which averages out to $12 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Ankeny, IA
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Ankeny, IA
Percentage*
Rent Range
8% Below $700/month
28% $700 - $1,000/month
38% $1,001 - $1,500/month
19% $1,501 - $2,000/month
8% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Ankeny?

Based on current rent prices, Frontier Village, College Park Plaza Northwest and Westlawn Place are the most affordable neighborhoods in Ankeny.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Frontier Village
$821/month
546 Sq Ft
College Park Plaza Northwest
$830/month
613 Sq Ft
Westlawn Place
$925/month
700 Sq Ft
Northlawn
$974/month
666 Sq Ft
Henderson Park
$1,063/month
822 Sq Ft
Fieldstream Edgewater Lake
$1,218/month
774 Sq Ft
Centennial Pointe
$1,218/month
774 Sq Ft
Estates at Prairie Trail
$1,299/month
785 Sq Ft
Mel Ray
$1,299/month
785 Sq Ft
Woodland Reserve Condominiums
$1,545/month
783 Sq Ft

What are the most expensive neighborhoods in Ankeny?

Based on current rent prices, Woodland Reserve Condominiums, Estates at Prairie Trail and Mel Ray are the most expensive neighborhoods in Ankeny.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Woodland Reserve Condominiums
$1,545/month
783 Sq Ft
Estates at Prairie Trail
$1,299/month
785 Sq Ft
Mel Ray
$1,299/month
785 Sq Ft
Fieldstream Edgewater Lake
$1,218/month
774 Sq Ft
Centennial Pointe
$1,218/month
774 Sq Ft
Henderson Park
$1,063/month
822 Sq Ft
Northlawn
$974/month
666 Sq Ft
Westlawn Place
$925/month
700 Sq Ft
College Park Plaza Northwest
$830/month
613 Sq Ft
Frontier Village
$821/month
546 Sq Ft

Which Ankeny neighborhoods have the most rentals available?

The neighborhoods in Ankeny with the most apartments available are College Park Plaza Northwest, Fieldstream Edgewater Lake and Centennial Pointe .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
College Park Plaza Northwest
$830/month
613 Sq Ft
Fieldstream Edgewater Lake
$1,218/month
774 Sq Ft
Centennial Pointe
$1,218/month
774 Sq Ft
Frontier Village
$821/month
546 Sq Ft
Northlawn
$974/month
666 Sq Ft
Estates at Prairie Trail
$1,299/month
785 Sq Ft
Mel Ray
$1,299/month
785 Sq Ft
Woodland Reserve Condominiums
$1,545/month
783 Sq Ft
Henderson Park
$1,063/month
822 Sq Ft
Westlawn Place
$925/month
700 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Ankeny, IA?

Because the average rent in Ankeny is $1,095, you’ll want to make about $3,650 per month or $43,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Ankeny, IA

493 Available Apartments for Rent

Search for Nearby Apartments

How does Ankeny, IA compare to other nearby cities and neighborhoods?

Use the tool below to compare Ankeny, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Ankeny, IA

Apartment Averages

Frontier Village

Ankeny, IA

Woodland Reserve Condominiums

Ankeny, IA

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

  • Johnston Average Rent
  • Altoona Average Rent
  • Des Moines Average Rent
  • Urbandale Average Rent
  • Grimes Average Rent

Apartment communities in Ankeny we think you'll love

Brixin Townhomes at Kimberley Crossing

Brixin Townhomes at Kimberley Crossing

1424 NE 56th Ln,
Ankeny, IA 50021

3-4 Beds | $2,025 - $2,225

Fieldstream Apartment Homes

Fieldstream Apartment Homes

1735 NW Fieldstream Ln,
Ankeny, IA 50023

1-2 Beds | $1,030 - $1,739

Savannah at Ankeny

Savannah at Ankeny

1810 NW Savannah Dr,
Ankeny, IA 50023

1-3 Beds | $1,400 - $2,410

Lake Shore Apartments

Lake Shore Apartments

902 E 1st St,
Ankeny, IA 50021

Studio - 3 Beds | $1,043 - $2,043

Property Management Companies in Ankeny, IA

Caliber Company
Caliber Company
  • 25

    Communities

  • 2,111

    Units

  • 6

    Cities

12 Communities in Ankeny
Indigo Living
Indigo Living
  • 39

    Communities

  • 6,074

    Units

  • 13

    Cities

3 Communities in Ankeny
Haverkamp Properties
Haverkamp Properties
  • 21

    Communities

  • 4,120

    Units

  • 10

    Cities

3 Communities in Ankeny
Kouri Management Inc.
Kouri Management Inc.
  • 19

    Communities

  • 1,113

    Units

  • 7

    Cities

3 Communities in Ankeny
Village Green
Village Green
  • 171

    Communities

  • 36,141

    Units

  • 98

    Cities

2 Communities in Ankeny
Jensen Group
Jensen Group
  • 13

    Communities

  • 3,445

    Units

  • 4

    Cities

2 Communities in Ankeny
Edward Rose & Sons
Edward Rose & Sons
  • 140

    Communities

  • 70,911

    Units

  • 85

    Cities

1 Community in Ankeny
Redwood Living
Redwood Living
  • 76

    Communities

  • 9,598

    Units

  • 69

    Cities

1 Community in Ankeny

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United States Iowa Ankeny Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity