Ankeny, Iowa Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Ankeny, Iowa rental market.

Ankeny, Iowa

Average Apartment Rent

$1,385

Y-o-Y Change in Average
Apartment Rent

3.2%

As of March 2026

Compared to a year ago, Ankeny, Iowa apartments have recorded a 3.2% rent increase.

Ankeny, Iowa Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Ankeny $1,279 $1,261 $1,286 $1,337 $1,294 $1,303 $1,336 $1,366 $1,385
National $1,735 $1,724 $1,729 $1,750 $1,743 $1,749 $1,763 $1,749 $1,750
Ankeny
National
Jul 2023
$1,279
$1,735
Nov 2023
$1,261
$1,724
Mar 2024
$1,286
$1,729
Jul 2024
$1,337
$1,750
Nov 2024
$1,294
$1,743
Mar 2025
$1,303
$1,749
Jul 2025
$1,336
$1,763
Nov 2025
$1,366
$1,749
Mar 2026
$1,385
$1,750

Ankeny, Iowa Average Apartment Rent

Ankeny, Iowa Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 57.04%, apartments priced $1,000 - $1,500 represent the bulk of Ankeny, Iowa rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 2.51%.

Ankeny, Iowa Housing tenure**

Renter occupied housing units 7,621
Owner occupied housing units 18,904

Renters take up 29% of Ankeny, Iowa real estate, occupying a total of 7,621 units, while homeowners live in 18,904 properties.

Median number of rooms of renter-occupied housing units**

3.9

Renter median household income**

$62,563

Average household size of renter-occupied housing units**

2.07

Rental vacancy rate**

4.1%

Ankeny, Iowa Renter-occupied housing units by no. of bedrooms**

No bedrooms 286
1 bed 1,979
2 beds 3,174
3 beds 1,700
4 beds 427
5 or more beds 55

There are 3,174 rentals in Ankeny, Iowa with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 55 units. Overall, the median number of rooms in Ankeny, Iowa homes for rent is 3.9.

Ankeny, Iowa Renter-occupied units by age of householder**

15 - 24 years 1,618
25 - 34 years 2,388
35 - 44 years 1,305
45 - 54 years 961
55 - 59 years 314
60 - 64 years 261
65 - 74 years 384
75 - 84 years 180
85 years and over 210

Most condos for rent in Ankeny, Iowa are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 15 - 24 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.

Ankeny, Iowa Renter-occupied housing units by family type**

Family households 3,015
Non-Family Households 4,606

Ankeny, Iowa Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,672
No related children of the householder under 18 5,949

A total of 3,015 apartments for rent in Ankeny, Iowa, or 40% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 1,672 units. All in all, the median size of a renter-occupied household in Ankeny, Iowa is 2.07.

Ankeny, Iowa Renter-occupied housing units by educational attainment**

Less than high school graduate 104
High school graduate (including equivalency) 1,239
Some college or associate's degree 3,005
Bachelor's degree or higher 3,273

In terms of education, renters holding bachelor degrees or higher make up 43% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Ankeny, Iowa.

Ankeny, Iowa Renter-occupied units by year structure built**

Built 2010 - 2019 3,667
Built 2000 - 2009 954
Built 1990 - 1999 772
Built 1980 - 1989 588
Built 1970 - 1979 1,084
Built 1960 - 1969 369
Built 1950 - 1959 82
Built 1940 - 1949 43

The highest share of Ankeny, Iowa apartment rentals, namely 48% or 3,667 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (14%, 1,084 units), and the ones Built 2000 - 2009 (13%, 954 units).

Ankeny, Iowa Renter-occupied units by year householder moved in**

Moved in 2021 or later 981
Moved in 2018 to 2020 3,592
Moved in 2010 to 2017 2,494
Moved in 2000 to 2009 447
Moved in 1989 or earlier 70

Median year renter moved into unit 2019

Most Ankeny, Iowa renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Ankeny, Iowa condos for rent is 2019.

Ankeny, Iowa Renter-occupied housing units by vehicles available**

No vehicle available 355
1 vehicle available 3,830
2 vehicles available 2,584
3 vehicles available 756
4 vehicles available 41
5 or more vehicles available 55

When it comes to transportation options, 50% of Ankeny, Iowa renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 10% have 3 vehicles available.

Ankeny, Iowa Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 7,905
Car, truck, or van - carpooled 325
Public transportation (excluding taxicab) 51
Walked 77
Taxicab, motorcycle, bicycle, or other means 83
Worked at home 1,253

Ankeny, Iowa Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 9,853
Moved within same county 3,393
Moved from different county within same state 1,645
Moved from different state 782

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Ankeny, Iowa apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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