2701 Ingersoll Ave
Des MoinesIA50312
Cheap Homes for Rent in Gray's Lake Neighborhood of Des Moines, IA from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Gray's Lake area of Des Moines.
910 E Railroad Ave
Des MoinesIA50309
822 Hartford Ave
Des MoinesIA50315
814 Hartford Ave
Des MoinesIA50315
612 29th St
Des MoinesIA50312
close
View Me
$1,0503 Bedroom Apartments Available Now
4421 SE 14th St, Unit 201
4421 SE 14th StDes Moines, IA 50320
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.
1211 Lewis Ave
Des MoinesIA50315
4925 South Union St
Des MoinesIA50315
2900 SE 10th St
Des MoinesIA50315
3310 SE 5th St
Des MoinesIA50315
116 Park Ave
Des MoinesIA50315
1233 Park Ave
Des MoinesIA50315
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.
Showing Results 1-12, Page 1 of 1
Gray's Lake, Des Moines, IA Local Guide
How much does it cost to rent a home in Gray's Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gray's Lake 2 Bedroom Homes for Rent | $1,345 | $925 | $2,250 |
| Gray's Lake 3 Bedroom Homes for Rent | $1,551 | $1,340 | $1,950 |
| Gray's Lake 4 Bedroom Homes for Rent | $1,929 | $1,550 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Gray's Lake Neighborhood of Des Moines, IA.
Explore Des Moines
Gray's Lake, Des Moines, IA Local Guide
- Nearby Des Moines neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 The Acacia priced from $647. The Pointe on Fleur Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Gray's Lake apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Acacia | Studio - Classic | Studio,1BA | $647 |
| The Pointe on Fleur Apartments | 1x1 | 1BR,1BA | $675 |
| The Des Moines Building | Studio | Studio,1BA | $695 |
| Pioneer Estates | B1 | 1BR,1BA | $699 |
| McKinley Apartments | 1BD/1BA | 1BR,1BA | $699 |
Best Value Apartments for Rent in Gray's Lake, IA
As of May 19, 2026 the best value apartment in the Gray's Lake area is the $1.02 price per square foot 3 Bed | 2 Bath Model at 3000 Grand Apartments in the in the Southwest Des Moines neighborhood starting from $1,405. The second greatest value Gray's Lake 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 Gray's Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3000 Grand Apartments | 3 Bed | 2 Bath | 3BR,2BA | $1.02 |
| Southern Meadows Homes | Plan B - two story | 3BR,2BA | $0.93 |
| 1201 E Bell Avenue | 3BR/2.0BA | 3BR,2BA | $0.99 |
| Finn Apartments | fin-2r | 2BR,2BA | $0.92 |
| Magnolia Manor Apartments and Townhomes | 2 Bedroom | 2BR,1BA | $0.93 |
| Goldbriar Chateau | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Park Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Ivy II | Elevated 2 bed/1 bath | 2BR,1BA | $0.96 |
| McKinley Apartments | 1BD/1BA | 1BR,1BA | $1.02 |
| The Pointe on Fleur Apartments | 1x1 | 1BR,1BA | $0.99 |
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 Article
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.
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.
Let everyone know!
Do you know the Gray's Lake area?
If you’re an expert on all things Gray's Lake, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleGray's Lake, Des Moines, IA
Ranked #12
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Gray's Lake, Des Moines, IA
Brody Middle School
Des Moines Independent Community School District
Public School - Grades 6-8 (603)
3 out of 10
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 255 Apartments for Rent in Gray's Lake, IA with pricing that ranges from $647 to $3,142. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray's Lake ranging from $900 to $2,500.
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 $900 to $2,500 with an average monthly rent of $1,564.
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.
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.