Cheap Low Income Apartments for Rent in Des Moines, IA from $400 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Des Moines.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Alice Place at Norwalk
Rent Specials
$650 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$650 - $1,350
Total Monthly Price
$650 - $1,350
Studio to 2 Bedroom Apartments Available Now

Alice Place at Norwalk

9310 Marketplace DrNorwalk, IA 50211
Senior Living
  • Verified
  • Utilities Included
  • Low Income

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-37, Page 1 of 1

Des Moines, IA Local Guide

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Location, Location, Location!

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Des Moines, IA Area Reviews

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Joseph • 4+ years in Des Moines

May 14, 2025

Many residents prefer the western suburbs or more distant communities like Indianola, Boone, Ames, or Newton. Certainly those are all viable options.I would never pick Des Moines for its schools, for example. But the city has many fine neighborhoods which are worth a look.

Frequently Asked Questions about Cheap Des Moines Apartments

What is a cheap apartment in Des Moines?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Des Moines is under $648.

What is the price of a cheap apartment in Des Moines?

The cheapest apartment in Des Moines is The Townhall Food Hall and Apartments which is listed at $480, while the average apartment in Des Moines costs $1,666.

What types of apartments are the cheapest in Des Moines?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,735 regular apartments in Des Moines that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Des Moines?

Cheap apartments in Des Moines have an average cost of $294 which is $1,372 cheaper than the average rent for all rentals in Des Moines.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

Written by: Joseph Isenberg

I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.