Cheap Apartments for Rent in the Capitol East Neighborhood of Des Moines, IA from $400 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Capitol East area of Des Moines.

property at 2303 E 9th St

$725 - $750

1 Bedroom Rentals

Available Now

2303 E 9th St

Des MoinesIA50316
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City Square Lofts
Rent Specials
$727 - $2,666
Total Monthly Price

Total Monthly Price

Base Rent
$694 - $2,633
Required Monthly Fees
$33

Total Monthly Price
$727 - $2,666
Studio to 3 Bedroom Apartments Available Now

City Square Lofts

240 E Walnut StDes Moines, IA 50309
Transit Friendly
  • Verified
  • 3D Tour

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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The Des Moines Building
Rent Specials
$774 - $1,339
Total Monthly Price

Total Monthly Price

Base Rent
$769 - $1,334
Required Monthly Fees
$5

Total Monthly Price
$774 - $1,339
Studio to 2 Bedroom Apartments Available Now

The Des Moines Building

405 6th AveDes Moines, IA 50309
Affordability
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  • Low Income
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418 East Grand
Rent Specials
$790 - $1,310
Total Monthly Price

Total Monthly Price

Base Rent
$785 - $1,305
Required Monthly Fees
$5

Total Monthly Price
$790 - $1,310
Studio to 2 Bedroom Apartments Available Now

418 East Grand

418 E Grand AveDes Moines, IA 50309
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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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Velocity
$899 - $2,807
Total Monthly Price

Total Monthly Price

Base Rent
$804 - $2,712
Required Monthly Fees
$95

Total Monthly Price
$899 - $2,807
Studio to 3 Bedroom Apartments Available Now

Velocity

225 E Center StDes Moines, IA 50309
Eco-Friendly
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Maxwell
Rent Specials
$900 - $1,650Studio to 2 Bedroom Apartments Contact Us For Availability

Maxwell

915 Mulberry StDes Moines, IA 50309
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  • Utilities Included
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Eagle View Lofts
$919 - $1,712
Total Monthly Price

Total Monthly Price

Base Rent
$821 - $1,614
Required Monthly Fees
$98

Total Monthly Price
$919 - $1,712
1 to 2 Bedroom Apartments Available Now

Eagle View Lofts

708-712 SE 6th StDes Moines, IA 50309
Corporate Housing
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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.

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Rowat Lofts Apartments
Rent Specials
$945 - $1,605
Total Monthly Price

Total Monthly Price

Base Rent
$940 - $1,600
Required Monthly Fees
$5

Total Monthly Price
$945 - $1,605
Studio to 2 Bedroom Apartments Available Now

Rowat Lofts Apartments

601 E Vine StDes Moines, IA 50309
Corporate Housing
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  • Customer Reviewed
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Riverpoint Lofts
Rent Specials
$986 - $1,049
Total Monthly Price

Total Monthly Price

Base Rent
$978 - $1,041
Required Monthly Fees
$8

Total Monthly Price
$986 - $1,049
1 to 2 Bedroom Apartments Available Now

Riverpoint Lofts

340 SW 7th StDes Moines, IA 50309
Pet Friendly
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  • Low Income

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.

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Ballyard Lofts
$1,098 - $1,133
Total Monthly Price

Total Monthly Price

Base Rent
$1,073 - $1,108
Required Monthly Fees
$25

Total Monthly Price
$1,098 - $1,133
1 to 2 Bedroom Apartments Available Now

Ballyard Lofts

350 SW 2nd AveDes Moines, IA 50309
Family Friendly
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421 College Ave
1 Bedroom Apartments

421 College Ave

421 College AveDes Moines, IA 50314
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Townhall ApartmentsStudio- Income RestrictedStudio,1BA$461
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Pioneer EstatesB11BR,1BA$699
Capitol Heights ApartmentsOne-Bedroom Apartment in a Secure Building – Li...1BR,1BA$725
City Square LoftsS1Studio,1BA$727
Des Moines BuildingStudioStudio,1BA$774
The Elliott1 Bedroom1BR,1BA$775
The LyonNew Construction Studio (F)Studio,1BA$797
Maverick1/11BR,1BA$799
The Fleming Building#4 - StudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Equitable BuildingBootlegger2BR,2BA$1.28
Wilkins BldgMarket Rate2BR,1BA$1.38
Townhall Apartments2 Bedroom- Income Restricted2BR,1BA$1.19
Vine Street Lofts1 Bedroom1BR,1BA$1.18
Riverpoint LoftsA61BR,1BA$1.26
Rumely Lofts1 Bedroom Income Restricted1BR,1BA$1.32
Maverick Apartments1/11BR,1BA$1.18
East Village Square1x1-6761BR,1BA$1.26
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07
Pioneer EstatesB11BR,1BA$1.40

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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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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Quick 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.

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Pet Friendly Lifestyle
Capitol East, Des Moines, IA

Ranked #18

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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

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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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.