Cheap Homes for Rent in Gray's Lake Neighborhood of Des Moines, IA from $800 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in the Gray's Lake area of Des Moines.

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Gray's Lake, Des Moines, IA Local Guide

Cheapest Available Gray's Lake Apartments for Rent

 

The cheapest available apartment rental in the Gray's Lake area of Des Moines, IA is a Studio unit found at Ingersoll Park Studio Apartments 3607 priced from $625. The Acacia has the second lowest priced unit, which is a Studio apartment currently listed from $647. Here are the most affordable Gray's Lake apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Ingersoll Park Studio Apartments 3607StudioStudio,1BA$625
The AcaciaStudio - ClassicStudio,1BA$647
Stockbridge Apartments1x1 670-7001BR,1BA$650
Watrous ApartmentsB12BR,1BA$688
The Fleming Building#5 - StudioStudio,1BA$695

Best Value Apartments for Rent in Gray's Lake, IA

As of September 13, 2025 the best value apartment in the Gray's Lake area is the $1.03 price per square foot CA-C9 Model at Court Ave Lofts in the in the Southwest Des Moines neighborhood starting from $1,147. The second greatest value Gray's Lake apartment is the fin-2c Model at Finn Apartments starting at $1,025 with a $1.00 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for Gray's Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Court Ave LoftsCA-C92BR,2BA$1.03
Finn Apartmentsfin-2c2BR,2BA$1.00
Magnolia Park2/2.02BR,2BA$0.85
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.89
Hamilton ApartmentsOne Bedroom1BR,1BA$0.84
Ingersoll TowersAshworth2BR,1BA$1.01
Park Ridge Apartments2 Bedroom2BR,1BA$0.98
The JeffersonJefferson 2bedroom2BR,1BA$0.90
BNL Investments2 bedrooms2BR,1BA$1.06
Stockbridge Apartments1x1 670-7001BR,1BA$0.93

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Pet Friendly Lifestyle
Gray's Lake, Des Moines, IA

Ranked #11

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
Gray's Lake, Des Moines, IA

School data provided by Great Schools

Frequently Asked Questions about Gray's Lake

What type of rentals are currently available in Gray's Lake?

There are currently 252 Apartments for Rent in Gray's Lake, IA with pricing that ranges from $647 to $19,547. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray's Lake ranging from $825 to $2,400.

What is the current price range for Rental Homes in Gray's Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Gray's Lake ranges from $825 to $2,400 with an average monthly rent of $1,567.

How much are larger Three and Four Bedroom Rentals in Gray's Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Gray's Lake range from $965 to $4,904, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $5,457.

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.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.