Cheap Apartments for Rent in the Capitol Park Neighborhood of Des Moines, IA from $400 (94 Rentals)

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

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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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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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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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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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.

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Capitol Park, Des Moines, IA Local Guide

Cheapest Available Capitol Park Apartments for Rent

 

The cheapest available apartment rental in the Capitol Park area of Des Moines, IA is a Studio unit found at Highland Park Apartments (DSM) priced from $575. Northtown Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here are the most affordable Capitol Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Highland Park Apartments (DSM)StudioStudio,1BA$575
Northtown ApartmentsStudioStudio,1BA$595
Village GreenStudioStudio,1BA$600
Stockbridge Apartments1x1 670-7001BR,1BA$650
Arlington HallettStudio WestStudio,1BA$680
The Brady Apartments0BR/1.0BAStudio,1BA$695
Maverick Apartments0/1Studio,1BA$695
Pleasant CourtStudioStudio,1BA$725
Capitol HeightsOne-Bedroom Apartment in a Secure Building – Li...1BR,1BA$725
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$730

Best Value Apartments for Rent in Capitol Park, IA

As of January 25, 2026 the best value apartment in the Capitol Park area is the $1.00 price per square foot Model A Model at The Elmhurst in the in the Downtown Des Moines neighborhood starting from $1,300. The second greatest value Capitol Park apartment is the 1171 21st St Model at 1171 21st St, Unit I starting at $1,150 with a $1.12 price per square foot in the Drake Park neighborhood. Here is today’s list of the best values for Capitol Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The ElmhurstModel A2BR,2BA$1.00
1171 21st St, Unit I1171 21st St2BR,1BA$1.12
1215 23rd St, Unit 1215 23RD apt #31215 23rd St2BR,1BA$0.80
713 20th St, Unit 1915-2713 20th St2BR,1BA$1.00
Wilkins BldgIncome Restricted1BR,1BA$1.18
Madison Flats1 Bedroom 1 Bathroom1BR,1BA$1.15
The AspenCypress Deluxe (W/D)2BR,1BA$1.08
Stockbridge Apartments1x1 670-7001BR,1BA$0.93
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Best Local Schools in
Capitol Park, Des Moines, IA

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Des Moines. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Capitol Park Apartments

What is a cheap apartment in Capitol Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Capitol Park is under $730.

What is the price of a cheap apartment in Capitol Park?

The cheapest apartment in Capitol Park is Highland Park Apartments (DSM) which is listed at $597, while the average apartment in Capitol Park costs $1,801.

What types of apartments are the cheapest in Capitol Park?

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 82 regular apartments in Capitol Park 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 Park?

Cheap apartments in Capitol Park have an average cost of $240 which is $1,561 cheaper than the average rent for all rentals in Capitol Park.

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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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.