Cheap Homes for Rent in Downtown Des Moines Neighborhood of Des Moines, IA from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Des Moines area of Des Moines.

350 E Locust St

1919 Pleasant 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.

112 11th St, Unit #206

300 Walnut St

300 Walnut St, Unit 507
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.
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 | $1,819 | $900 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 Studio unit found at East Village Square priced from $725. Pleasant Court has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Downtown Des Moines apartments for rent in Des Moines, IA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
East Village Square | Studio 390-392 | Studio,1BA | $725 |
Pleasant Court | Studio | Studio,1BA | $725 |
Woodland Avenue Brickstone | 1x1 630 | 1BR,1BA | $730 |
Best Value Apartments for Rent in Downtown Des Moines, IA
As of July 23, 2025 the best value apartment in the Downtown Des Moines area is the $1.30 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,795. The second greatest value Downtown Des Moines apartment is the 3 Bedroom 2 Bathroom Model at AP Lofts starting at $1,835 with a $1.30 price per square foot in the Southwest 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. |
---|---|---|---|
Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.30 |
AP Lofts | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.30 |
Gateway Lofts | 2BR/2.0BA | 2BR,2BA | $1.27 |
The Elmhurst | Model A | 2BR,2BA | $1.00 |
Carbon 550 | 2BR-C3 | 2BR,2BA | $1.31 |
Arlington Hallett | 2 Bedroom | 2BR,1BA | $1.15 |
10th Street Lofts | 1BR/1.0BA | 1BR,1BA | $1.27 |
Vine Street Lofts | 1 Bedroom | 1BR,1BA | $1.23 |
Rumely Lofts | 1 Bedroom Income Restricted | 1BR,1BA | $1.32 |
Woodland Avenue Brickstone | 1x1 630 | 1BR,1BA | $1.08 |
Frequently Asked Questions about Downtown Des Moines
What type of rentals are currently available in Downtown Des Moines?
There are currently 153 Apartments for Rent in Downtown Des Moines, IA with pricing that ranges from $565 to $3,875. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Des Moines ranging from $900 to $2,200.
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 $900 to $2,200 with an average monthly rent of $1,427.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.