Cheap Homes for Rent in Downtown Des Moines Neighborhood of Des Moines, IA from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Des Moines area of Des Moines.

718 15th St

702 20th 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.

350 E Locust St

350 E Locust St
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.
Downtown Des Moines, Des Moines, IA Local Guide

How much does it cost to rent a home in Downtown Des Moines?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Des Moines 2 Bedroom Homes for Rent | $2,016 | $1,900 | $2,250 |
| Downtown Des Moines 3 Bedroom Homes for Rent | $2,433 | $1,695 | $3,095 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Des Moines Neighborhood of Des Moines, IA.
Explore Des Moines
Cheapest Available Downtown Des Moines Apartments for Rent
 The cheapest available apartment rental in the Downtown Des Moines area of Des Moines, IA is a 1 Bed unit found at Stockbridge Apartments priced from $650. Argonne Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Downtown Des Moines apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stockbridge Apartments | 1x1 670-700 | 1BR,1BA | $650 |
| Argonne Apartments | Studio B | Studio,1BA | $695 |
| Pleasant Court | Studio | Studio,1BA | $725 |
Best Value Apartments for Rent in Downtown Des Moines, IA
As of November 02, 2025 the best value apartment in the Downtown Des Moines area is the $1.20 price per square foot C1 Model at 5Fifty5 in the in the Southwest Des Moines neighborhood starting from $1,910. The second greatest value Downtown Des Moines 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 Downtown Des Moines apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5Fifty5 | C1 | 3BR,2.5BA | $1.20 |
| The Elmhurst | Model A | 2BR,2BA | $1.00 |
| Gateway Lofts | 1BR/1.0BA | 1BR,1BA | $1.19 |
| Wilkins Bldg | Income Restricted | 2BR,1BA | $1.06 |
| Court Ave Lofts | CA-C7 | 2BR,1.5BA | $1.13 |
| Woodland Avenue Brickstone | 2x1 850 | 2BR,1BA | $1.19 |
| 713 20th St, Unit 1915-2 | 713 20th St | 2BR,1BA | $1.00 |
| Vine Street Lofts | 1 Bedroom | 1BR,1BA | $1.21 |
| Stockbridge Apartments | 1x1 670-700 | 1BR,1BA | $0.93 |
| 722 18th St | 1x1 | 1BR,1BA | $1.21 |
Frequently Asked Questions about Downtown Des Moines
What type of rentals are currently available in Downtown Des Moines?
There are currently 156 Apartments for Rent in Downtown Des Moines, IA with pricing that ranges from $650 to $13,287. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Des Moines ranging from $895 to $3,095.
What is the current price range for Rental Homes in Downtown Des Moines?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Des Moines ranges from $895 to $3,095 with an average monthly rent of $1,561.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

