
Cheap Homes for Rent in the Downtown Des Moines Neighborhood of Des Moines, IA from $550 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Des Moines area of Des Moines.


732 19th St

732 19th St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

732 19th St

713 20th St

112 11th St, Unit #206
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,998 | $1,750 | $2,250 |
| Downtown Des Moines 3 Bedroom Homes for Rent | $2,895 | $2,895 | $2,895 |
| Downtown Des Moines 6 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
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
Downtown Des Moines, Des Moines, IA Local Guide
- Nearby Des Moines neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 732 19th St priced from $550. The Concord Building has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here are the most affordable Downtown Des Moines apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 732 19th St | 1 Beds, 1 Baths | 1BR,1BA | $550 |
| The Concord Building | Studio | Studio,1BA | $630 |
| Arlington Hallett | Studio East | Studio,1BA | $695 |
Best Value Apartments for Rent in Downtown Des Moines, IA
As of August 29, 2026 the best value apartment in the Downtown Des Moines area is the $1.27 price per square foot 6 Beds, 3.5 Baths Model at 669 17th St in the in the Southwest Des Moines neighborhood starting from $4,200. The second greatest value Downtown Des Moines apartment is the B2 Model at Matilda 235 Townhomes starting at $2,350 with a $1.10 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. |
|---|---|---|---|
| 669 17th St | 6 Beds, 3.5 Baths | 6BR,3.5BA | $1.27 |
| Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.10 |
| Gateway Lofts | Ankeny | 1BR,1BA | $1.27 |
| Pleasant Street Apartments | 2 bed 1 bath | 2BR,1BA | $1.13 |
| The Elmhurst | Model C | 1BR,1BA | $0.96 |
| Randolph Apartments | The Boone | 1BR,1BA | $1.26 |
| 713 20th St, Unit 1915-3 | 713 20th St | 2BR,1BA | $1.03 |
| Vine Street Lofts | 1 Bedroom | 1BR,1BA | $1.14 |
| High Street Brickstone | One Bedroom | 1BR,1BA | $1.26 |
| 722 18th St | 1x1 | 1BR,1BA | $1.21 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Des Moines, Des Moines, IA
Ranked #16
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Des Moines
What type of rentals are currently available in Downtown Des Moines?
There are currently 155 Apartments for Rent in Downtown Des Moines, IA with pricing that ranges from $630 to $5,937. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Des Moines ranging from $550 to $4,200.
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 $550 to $4,200 with an average monthly rent of $1,665.
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

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.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.