Pointe 28
905 SW 28th,
Ankeny, IA 50023
$1,150 - $1,500
1-3 Beds
Rental Market Trends in Ankeny, IA
What is the average rent in Ankeny, IA?
$1,071/month
Average Rent
734 Sq Ft
Average Apartment Size
-0.6%
Decrease in the Last Year
As of October 2025, the average rent in Ankeny, IA is $1,071 per month. This is 34% lower than the national average rent of $1,630/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 $1,009 per month for a studio, $1,071 for a one-bedroom apartment, and around $1,315 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,662 or more.
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Average Rent
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How much has average rent changed in Ankeny, IA?
In the past year, rent has decreased by 0.6%, which averages out to $5 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 October 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Ankeny?
Based on current rent prices, Frontier Village, College Park Plaza Northwest and Green Tree Village are the most affordable neighborhoods in Ankeny.
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Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Ankeny?
Based on current rent prices, Estates at Prairie Trail, Mel Ray and Crestbruck Acres are the most expensive neighborhoods in Ankeny.
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Average Rent
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Which Ankeny neighborhoods have the most rentals available?
The neighborhoods in Ankeny with the most apartments available are Fieldstream Edgewater Lake, Centennial Pointe and Crestbruck Acres .
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Average Rent
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What salary do I need to live comfortably in Ankeny, IA?
Because the average rent in Ankeny is $1,071, you’ll want to make about $3,570 per month or $42,840 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.
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.
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Nearby City Rent Trends
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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 September 2025.
* Percentages may not total 100 due to rounding.