Low Income Apartments and Affordable Housing For Rent in Ankeny, IA

Discover affordable housing in Ankeny where there are 11+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Villas at Meadow Springs

710 S Ankeny Blvd, Ankeny, Iowa 50023

Ahepa 192 - III Apartments

112 SE 30th St, Ankeny, Iowa 50021

Ahepa 192 II Apartments

202 SE 30th St, Ankeny, Iowa 50021

The Apartments of Owl Creek

725 SW Ankeny Rd, Ankeny, Iowa 50023

Ahepa Penelope 38 Apartments

717 NE 5th St, Ankeny, Iowa 50021

Fletcher Estates

205 NE Hayes Dr, Ankeny, Iowa 50021

Ankeny Lofts

Southeast 19th Lane, Ankeny, Iowa 50021

Delaware Village Apartments II

903 SE Delaware Ave, Ankeny, Iowa 50021

Delaware Village Apartments I

1000 SE Delaware Ave, Ankeny, Iowa 0

Ankeny Partners

401 NE Delaware Ave, Ankeny, Iowa 50021

Ashbrooke Apartments Phase I

321 NE Delaware Ave, Ankeny, Iowa 50021

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ankeny, Iowa
$20.45/hour
$13.20 (+182%) more than Iowa minimum wage and $13.20 (+182%) more than the Federal minimum wage.
Learn More About Ankeny, Iowa Affordable Housing ↓

What HUD offices serve Ankeny, Iowa?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Emergency Housing Voucher (EHV) programs for Ankeny, Iowa.

Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Ankeny.

How many renters live in Ankeny, Iowa?

The City of Ankeny has 72,219 people living in 27,868 households.

There are 12,519 renters living in 6,278 renter households in this City. Renters make up 17.33 percent of the population living in Ankeny.

What is the rental market like in Ankeny, Iowa?

There are an estimated 27,715 housing units in the Ankeny area. Of these, 7,960 units are rental homes, making up 29 percent of the housing market. For every renter household in Ankeny, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Ankeny?

The rental vacancy rate in Ankeny is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Ankeny for each bedroom size?

Occupied Rental Units by Size in Ankeny
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
286 1,979 3,174 1,700 427
Occupied Rental Units by Size in Ankeny

A large number of apartments in Ankeny have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Ankeny are overburdened by housing costs?

Among renter households in this market, 52 percent have housing cost burden. Further, 25 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Ankeny

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $833 to $1,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $833
One BR $899
Two BR $1,080
Three BR $1,477
Four BR $1,481
2024 Fair Market Rents in Ankeny, Iowa

How many units are rented at Fair Market Rent (FMR) in Ankeny?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 128 45 percent
One BR 858 43 percent
Two BR 1,030 32 percent
Rental Units Below FMR in Ankeny, Iowa

How many affordable rental units are in Ankeny?

There are a variety of federal affordable housing programs serving households in Ankeny, Iowa including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 489
Section 8 Project-Based Rental Assistance 1
Section 202 Supportive Housing for the Elderly 136
Section 811 Supportive Housing for Persons with Disabilities 16
Tracked Units by Federal Program in Ankeny, Iowa

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Ankeny, Iowa

Ankeny features 150 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Ankeny, Iowa

There are 484 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ankeny.

Housing Choice Vouchers in Ankeny, Iowa

On average, Section 8 Housing Choice vouchers pay Ankeny landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ankeny.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ankeny, Iowa for a two-bedroom apartment is between $972 and $1,188.

Sourced from federal housing data and AffordableHousingOnline.com research.