Cheap Apartments for Rent in the Grand Avenue Neighborhood of Des Moines, IA from $500 (13 Rentals)

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

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4323 Grand Ave
Studio Apartments

4323 Grand Ave

4323 Grand AveDes Moines, IA 50312
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4341 Grand Ave
Studio Apartments

4341 Grand Ave

4341 Grand AveDes Moines, IA 50312
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421 42nd St
Studio Apartments

421 42nd St

421 42nd StDes Moines, IA 50312

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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4345 Grand Ave
Studio Apartments

4345 Grand Ave

4345 Grand AveDes Moines, IA 50312
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Ingersoll Park
Studio to 1 Bedroom Apartments

Ingersoll Park

4906 Ingersoll AveDes Moines, IA 50312
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Roosevelt Manor
2 Bedroom Apartments

Roosevelt Manor

4223 Chamberlain DrDes Moines, IA 50312
  • Utilities Included
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5008 Ingersoll Ave
1 to 2 Bedroom Apartments

5008 Ingersoll Ave

5008 Ingersoll AveDes Moines, IA 50312
  • Utilities Included

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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Tonawanda Apartments
1 to 2 Bedroom Apartments

Tonawanda Apartments

432 Tonawanda DrDes Moines, IA 50312
  • Utilities Included

Grand Avenue, Des Moines, IA Local Guide

Cheapest Available Grand Avenue Apartments for Rent

 

The cheapest available apartment rental in the Grand Avenue area of Des Moines, IA is a Studio unit found at Hampton House Apartments priced from $700. Lenox Properties has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Grand Avenue apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Hampton House ApartmentsStudioStudio,1BA$700
Lenox PropertiesDrake B1BR,1BA$750
329 5th StStudioStudio,1BA$900
Windsor Square by BroadmoorOxford1BR,1BA$995
Sunrise Valley3 Beds, 1.5 Baths3BR,1BA$1,100

Best Value Apartments for Rent in Grand Avenue, IA

As of June 04, 2026 the best value apartment in the Grand Avenue area is the $1.38 price per square foot Roosevelt Model at Lenox Properties in the in the Southwest Des Moines neighborhood starting from $895. The second greatest value Grand Avenue apartment is the Oxford Model at Windsor Square by Broadmoor starting at $995 with a $1.57 price per square foot in the Grand Avenue neighborhood. Here is today’s list of the best values for Grand Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lenox PropertiesRoosevelt2BR,1BA$1.38
Windsor Square by BroadmoorOxford1BR,1BA$1.57
Hampton House ApartmentsFurnished 1 Bedroom1BR,1BA$2.66
329 5th StStudioStudio ,1BA$2.39

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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Frequently Asked Questions about Cheap Grand Avenue Apartments

What is the Cheapest Studio apartment in Grand Avenue?

Currently the most affordable Cheap Studio Apartment in Grand Avenue is at Hampton House Apartments listed at $700.

How much is rent for a Cheap One Bedroom Grand Avenue Apartment?

The lowest price for a Cheap One Bedroom Grand Avenue Apartment is $750 at Lenox Properties.

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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.