
Cheap Apartments for Rent in the Capitol East Neighborhood of Des Moines, IA from $400 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol East area of Des Moines.


Riverview Oaks Apartments

Pioneer Estates

Civic Center Court Apartments

The Elliott

East Village Square

Capitol Heights

2303 E 9th St

Total Monthly Price
City Square Lofts

612 Bancroft St
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.

Total Monthly Price
The Des Moines Building

Randolph Apartments

Total Monthly Price
418 East Grand

The Lyon

Maverick Apartments

The Fleming Building

Total Monthly Price
The Scott at East Village

Jackson Crossing

Court Ave Lofts

1809 Arlington Ave
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.

District at 6th Apartments

The Griffin Building

The Parker @ Seventh

Madison Flats

Total Monthly Price
Velocity

Maxwell

200 Grand Ave

E300

Total Monthly Price
Eagle View Lofts

Cityville
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Total Monthly Price
Rowat Lofts Apartments

R&T Lofts

Nexus at Gray's Landing

1354 E 12th St

Metro Lofts

Vine Street Lofts

Total Monthly Price
Riverpoint Lofts

Rumely Lofts

The Residences at River View

Fourth And Court
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Harbach Lofts

241-243 E 24th St

The Edge @ Grays Landing

Total Monthly Price
Ballyard Lofts

Confluence on 3rd Apartments

La Placita on East Grand

Sixth Avenue Flats

River Hills Apartments #2

421 College Ave

Capitol View Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Capitol East, Des Moines, IA Local Guide

How much does it cost to rent an apartment in Capitol East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Capitol East Studio Apartments | $1,010 | $461 | $1,853 |
| Capitol East 1 Bedroom Apartments | $1,238 | $480 | $4,161 |
| Capitol East 2 Bedroom Apartments | $1,437 | $850 | $2,710 |
| Capitol East 3 Bedroom Apartments | $2,029 | $1,209 | $2,833 |
| Capitol East 4 Bedroom Apartments | $7,227 | $1,291 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 2 mile radius of the Capitol East Neighborhood of Des Moines, IA.
See all Apartments in Des MoinesExplore Des Moines
Capitol East, Des Moines, IA Local Guide
- Nearby Des Moines neighborhoods
- Nearby Cities
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- School Districts
Cheapest Available Capitol East Apartments for Rent
 The cheapest available apartment rental in the Capitol East area of Des Moines, IA is a Studio unit found at Townhall Apartments priced from $461. Riverview Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Capitol East apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Townhall Apartments | Studio- Income Restricted | Studio,1BA | $461 |
| Riverview Oaks Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $695 |
| Pioneer Estates | B1 | 1BR,1BA | $699 |
| Capitol Heights Apartments | One-Bedroom Apartment in a Secure Building – Li... | 1BR,1BA | $725 |
| City Square Lofts | S1 | Studio,1BA | $727 |
| Des Moines Building | Studio | Studio,1BA | $774 |
| The Elliott | 1 Bedroom | 1BR,1BA | $775 |
| The Lyon | New Construction Studio (F) | Studio,1BA | $797 |
| Maverick | 1/1 | 1BR,1BA | $799 |
| The Fleming Building | #4 - Studio | Studio,1BA | $815 |
Best Value Apartments for Rent in Capitol East, IA
As of March 23, 2026 the best value apartment in the Capitol East area is the $1.28 price per square foot Bootlegger Model at The Equitable Building in the in the Southwest Des Moines neighborhood starting from $1,421. The second greatest value Capitol East apartment is the Market Rate Model at Wilkins Bldg starting at $1,500 with a $1.38 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for Capitol East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Equitable Building | Bootlegger | 2BR,2BA | $1.28 |
| Wilkins Bldg | Market Rate | 2BR,1BA | $1.38 |
| Townhall Apartments | 2 Bedroom- Income Restricted | 2BR,1BA | $1.19 |
| Vine Street Lofts | 1 Bedroom | 1BR,1BA | $1.18 |
| Riverpoint Lofts | A6 | 1BR,1BA | $1.26 |
| Rumely Lofts | 1 Bedroom Income Restricted | 1BR,1BA | $1.32 |
| Maverick Apartments | 1/1 | 1BR,1BA | $1.18 |
| East Village Square | 1x1-676 | 1BR,1BA | $1.26 |
| Riverview Oaks Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.07 |
| Pioneer Estates | B1 | 1BR,1BA | $1.40 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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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Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleCapitol East, Des Moines, IA
Ranked #18
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Capitol East, Des Moines, IA
East High School
Hiatt Middle School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Iowa including Capitol East, Des Moines, and the greater Des Moines area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Capitol East Apartments
What is a cheap apartment in Capitol East?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Capitol East is under $815.
What is the price of a cheap apartment in Capitol East?
The cheapest apartment in Capitol East is Townhall Apartments which is listed at $480, while the average apartment in Capitol East costs $7,133.
What types of apartments are the cheapest in Capitol East?
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 64 regular apartments in Capitol East 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 Capitol East?
Cheap apartments in Capitol East have an average cost of $203 which is $6,930 cheaper than the average rent for all rentals in Capitol East.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.