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

Discover affordable housing in Ankeny where there are 24+ 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.

Ahepa 192 - III Apartments

112 SE 30th St, Ankeny, Iowa 50021

bed 1
payment Subsidized
elderly Senior
accessibility Accessible

Ahepa 192 II Apartments

202 SE 30th St, Ankeny, Iowa 50021

bed 1
payment Subsidized
elderly Senior
accessibility Accessible

Villas at Meadow Springs

710 S Ankeny Blvd, Ankeny, Iowa 50023

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

The Apartments of Owl Creek

725 SW Ankeny Rd, Ankeny, Iowa 50023

payment Subsidized
accessibility Accessible
accessible_forward Disability

Ahepa Penelope 38 Apartments

717 NE 5th St, Ankeny, Iowa 50021

payment Subsidized
elderly Senior
accessibility Accessible

Ashbrooke Apartments

415 NE Delaware Ave, Ankeny, Iowa 50021

bed 3
payment $1345/mo.

Frontier Village

218 NW State St, Ankeny, Iowa 50023

bed 2
payment $865/mo.

Lake Shore Place

202 NE Trilein Dr, Ankeny, Iowa 50021

bed 2
payment $950/mo.

Chapel Apartments

310 NW Chapel Dr, Ankeny, Iowa 50023

bed 2
payment $865/mo.

The Pines

309 NW 18th St, Ankeny, Iowa 50023

bed 3
payment $1300/mo.

Applewood Properties

2517 NW 14th St, Ankeny, Iowa 50023

bed 2
payment $895/mo.

Prairie Pointe Student Living

1351 SW Prairie Trail Pky, Ankeny, Iowa 50023

bed 4
payment $630/mo.

Oakwood Apts 55+

1115 W 1st St, Ankeny, Iowa 50023

bed 1
payment $850/mo.

Campus Town Apartments

1210 SW 28th St, Ankeny, Iowa 50023

bed 2
payment $1050/mo.

Belmont Park Apts LLC

1002-1004 SE Belmont Dr, Ankeny, Iowa 50021

bed 2
payment $860/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

2005 NW Hickory Ln Unit 9

2005 NW Hickory Ln Unit 9, Ankeny, Iowa 50023

bed 1
payment $820/mo.

1706 NW 2nd St

1706 NW 2nd St, Ankeny, Iowa 50023

bed 2
payment $995/mo.

2301 SW Oralabor Rd

2301 SW Oralabor Rd, Ankeny, Iowa 50023

bed 2
payment $999/mo.

Fletcher Estates

205 NE Hayes Dr, Ankeny, Iowa 50021

switch_access_shortcut Short Wait
accessibility Accessible

Ankeny Lofts

Southeast 19th Lane, Ankeny, Iowa 50021

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Ankeny, Iowa

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
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 people living in households.

There are renters living in 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 housing units in the Ankeny area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ankeny, Iowa, there are 1.27 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 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
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
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.

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