Cheap Homes for Rent in the Gray's Lake Neighborhood of Des Moines, IA from $900 (8 Rentals)

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

property at 2900 SE 10th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2900 SE 10th St

Des MoinesIA50315

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.

property at 1233 Park Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1233 Park Ave

Des MoinesIA50315
property at 112 11th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

112 11th St, Unit #206

112 11th St
Des MoinesIA50309
property at 450 SW 7th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

450 SW 7th St, Unit 104

450 SW 7th St
Des MoinesIA50309

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 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 ListingModel NameBed/BathPriced From
The AcaciaStudio - ClassicStudio,1BA$647
The Pointe on Fleur ApartmentsOne Month Free Rent Call Today!1BR,1BA$675
Arlington HallettStudio EastStudio,1BA$695

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

As of August 18, 2026 the best value apartment in the Gray's Lake area is the $0.93 price per square foot Plan B - two story Model at Southern Meadows Homes in the in the Southwest Des Moines neighborhood starting from $1,275. The second greatest value Gray's Lake apartment is the 2 Bed /2 Bath Model at Magnolia Park starting at $847 with a $0.85 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.
Southern Meadows HomesPlan B - two story3BR,2BA$0.93
Magnolia Park2 Bed /2 Bath2BR,2BA$0.85
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.93
McKinley Apartments3BD/2BA3BR,2BA$0.94
Goldbriar Chateau2 Bedroom 1 Bathroom2BR,1BA$0.94
Park Ridge Apartments2 Bedroom2BR,1BA$0.97
The JeffersonJefferson 2 Bed 1 Bath Renovated2BR,1BA$1.04
Ivy IIClassic 2 bed/1 bath2BR,1BA$1.00
The Pointe on Fleur ApartmentsOne Month Free Rent Call Today!1BR,1BA$0.99
1201 E Bell Avenue1BR/1.0BA1BR,1BA$1.09

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

Ranked #13

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $575 to $5,877. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray's Lake ranging from $995 to $2,300.

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 $995 to $2,300 with an average monthly rent of $1,529.

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.