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Affordable apartments in Ankeny, Iowa

7 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

7 lihtc

Buildings

ASHBROOKE APTS PHASE I

LIHTC
301 NE DELAWARE AVE, ANKENY, IA, 50021
Income-restricted units
120 of 120
Year placed in service
1991

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

DELAWARE VILLAGE APTS I

LIHTC
1000 SE DELAWARE AVE, ANKENY, IA
Income-restricted units
76 of 76
Year placed in service
1994

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

DELAWARE CROSSING APTS

LIHTC
1057 SE DELAWARE AVE, ANKENY, IA, 50021
Income-restricted units
76 of 76
Year placed in service
1995
Bedroom mix
10 1BR · 58 2BR · 8 3BR

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

DELAWARE VILLAGE APTS II

LIHTC
903 SE DELAWARE AVE, ANKENY, IA, 50021
Income-restricted units
76 of 76
Year placed in service
1995

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

ASHBROOKE PHASE II

LIHTC
401 NE DELAWARE AVE, ANKENY, IA, 50021
Income-restricted units
50 of 62
Year placed in service
1993

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

FLETCHER ESTATES

LIHTC
205 NE HAYES DR, ANKENY, IA, 50021
Income-restricted units
48 of 48
Year placed in service
2012
Bedroom mix
16 1BR · 16 2BR · 16 3BR

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

VILLAS AT MEADOW SPRINGS

LIHTC
710 S ANKENY BLVD, ANKENY, IA, 50023
Income-restricted units
43 of 48
Year placed in service
2018
Bedroom mix
12 1BR · 36 2BR

Estimated total housing cost: $1,680 rent + $117 utilities = $1,797/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Iowa

Residential electricity in Iowa runs about 13.85¢/kWh, with a typical monthly residential electric bill near $117. Natural gas runs about $15.27/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for 50021

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$1,360n/a
1 bedroom$1,410n/a
2 bedroom$1,680$1,502
3 bedroom$2,290n/a
4 bedroom$2,350n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.

HUD income limits : Polk County, IA

Des Moines-West Des Moines, IA. FY2025. Area median income: $114,500.

Household size30% AMI50% AMI80% AMI
1 person$24,050$40,100$64,150
2 people$27,500$45,800$73,300
3 people$30,950$51,550$82,450
4 people$34,350$57,250$91,600
5 people$37,650$61,850$98,950
6 people$43,150$66,450$106,300
7 people$48,650$71,000$113,600
8 people$54,150$75,600$120,950

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Iowa cities

See all affordable-rental cities in Iowa

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Ankeny cost-of-living and Fair Market Rent overview