Cheap Apartments for Rent in the East Village Neighborhood of Des Moines, IA from $480 (99 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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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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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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East Village, Des Moines, IA Local Guide

Cheapest Available East Village Apartments for Rent

 

The cheapest available apartment rental in the East Village area of Des Moines, IA is a 1 Bed unit found at 732 19th St priced from $550. 319 Franklin Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable East Village apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
732 19th St1 Beds, 1 Baths1BR,1BA$550
319 Franklin Ave1BR/1.0BA1BR,1BA$599
The Concord BuildingStudioStudio,1BA$630
Arlington HallettStudio EastStudio,1BA$695
The ElliottStudioStudio,1BA$710
1201 E Bell Avenue1BR/1.0BA1BR,1BA$725
East Village SquareSayers - AffordableStudio,1BA$725
Pleasant CourtStudioStudio,1BA$725
Capitol Heights1BR/1.0BA1BR,1BA$725
2447 E Walnut Street1BR/1.0BA1BR,1BA$725

Best Value Apartments for Rent in East Village, IA

As of August 25, 2026 the best value apartment in the East Village 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 East Village apartment is the Plan B - two story Model at Southern Meadows Homes starting at $1,275 with a $0.93 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for East Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.14
Southern Meadows HomesPlan B - two story3BR,2BA$0.93
The ElmhurstModel C1BR,1BA$0.96
713 20th St, Unit 1915-3713 20th St2BR,1BA$1.03
Vine Street Lofts1 Bedroom1BR,1BA$1.13
High Street BrickstoneOne Bedroom1BR,1BA$1.26
722 18th St1x11BR,1BA$1.21
1201 E Bell Avenue1BR/1.0BA1BR,1BA$1.09
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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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
East Village, Des Moines, IA

Ranked #14

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
East Village, Des Moines, IA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Des Moines. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, multifamily communities for the kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap East Village Apartments

What is a cheap apartment in East Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Village is under $725.

What is the price of a cheap apartment in East Village?

The cheapest apartment in East Village is 732 19th St which is listed at $550, while the average apartment in East Village costs $1,314.

What types of apartments are the cheapest in East Village?

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 47 regular apartments in East Village 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 East Village?

Cheap apartments in East Village have an average cost of $358 which is $956 cheaper than the average rent for all rentals in East Village.

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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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.

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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.

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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.