Here is where the Ikea Hack part comes in. I found the Merete Drapery panels at Ikea in dark gray for $27.99. They come 98" long, which was perfect for my ceiling height. I wanted to give the plain drapery a little interest, so I purchased 4 yards of BJÖRNLOKA from Ikea for $7.99 a yard that I planned on sewing to the bottom 1/3 of the panels.
I cut the fabric in half lengthwise, and stitched it to the bottom of my dark gray panels.
In order to attach the acrylic rod to the wall, I decide to use pipe fittings since they worked so well when we DIY-ed our living room bookshelf. Since the acrylic rod that I purchased was 8' long, we needed to use a "T" in the middle of the rod to help support it. The rod is 1" wide, so my fitting at 1-1/4" which allows for the rod to insert easily into each end and through the "T" support.
What do you think? I think hanging the drapery at the top of the wall makes such a big difference! I am really happy with they way they turned out.