Cheap Apartments for Rent in the Carpenter Neighborhood of Des Moines, IA from $400 (202 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Carpenter area of 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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Carpenter, Des Moines, IA Local Guide

Cheapest Available Carpenter Apartments for Rent

 

The cheapest available apartment rental in the Carpenter area of Des Moines, IA is a 1 Bed unit found at Highland Park Manor priced from $597. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Carpenter apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Highland Park ManorStandard 1 Bed1BR,1BA$597
Village GreenStudioStudio,1BA$600
732 19th St1 Beds, 1 Baths1BR,1BA$625
The Concord BuildingStudioStudio,1BA$630
The AcaciaStudio - ClassicStudio,1BA$647
Douglas Oaks0BR/1.0BAStudio,1BA$650
Grand Colony0 Bed 1 BathStudio,1BA$665
The 2800 Residences2nd Floor - 1 Bed1BR,1BA$675
The Grove at Hickman1x11BR,1BA$695

Best Value Apartments for Rent in Carpenter, IA

As of June 12, 2026 the best value apartment in the Carpenter area is the $1.14 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,450. The second greatest value Carpenter apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Carpenter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.14
The ElmhurstModel A2BR,2BA$1.00
Alta Casa2 Bedroom2BR,1BA$1.14
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
Northtown Apartments2 Bedroom 1 Bathroom2BR,1BA$0.92
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99
Welbeck ApartmentsLegacy 2Br/1Ba2BR,1BA$0.99
Clover Creek2/1 - Classic2BR,1BA$1.09
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
Highland Park ManorStandard 1 Bed1BR,1BA$1.09

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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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
Carpenter, Des Moines, IA

Ranked #1

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.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Iowa including Carpenter, Des Moines, and the greater Des Moines area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Carpenter Apartments

What is a cheap apartment in Carpenter?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Carpenter is under $695.

What is the price of a cheap apartment in Carpenter?

The cheapest apartment in Carpenter is Highland Park Manor which is listed at $597, while the average apartment in Carpenter costs $1,756.

What types of apartments are the cheapest in Carpenter?

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 69 regular apartments in Carpenter 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 Carpenter?

Cheap apartments in Carpenter have an average cost of $198 which is $1,558 cheaper than the average rent for all rentals in Carpenter.

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.