
Cheap Homes for Rent in the Gray's Lake Neighborhood of Des Moines, IA from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Gray's Lake area of Des Moines.


1001 Maish Ave

2900 SE 10th St

1211 Lewis Ave
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.

3614 SE 11th St

1233 Park Ave

112 11th St, Unit #206

450 SW 7th St, Unit 104
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,450 | $995 | $2,250 |
| Gray's Lake 3 Bedroom Homes for Rent | $1,595 | $1,295 | $1,995 |
| Gray's Lake 4 Bedroom Homes for Rent | $1,862 | $1,625 | $1,975 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Gray's Lake Neighborhood of Des Moines, IA.
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Gray's Lake, Des Moines, IA Local Guide
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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 | One Month Free Rent Call Today! | 1BR,1BA | $675 |
| Arlington Hallett | Studio East | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Southern Meadows Homes | Plan B - two story | 3BR,2BA | $0.93 |
| Magnolia Park | 2 Bed /2 Bath | 2BR,2BA | $0.85 |
| Magnolia Manor Apartments and Townhomes | 2 Bedroom | 2BR,1BA | $0.93 |
| McKinley Apartments | 3BD/2BA | 3BR,2BA | $0.94 |
| Goldbriar Chateau | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Park Ridge Apartments | 2 Bedroom | 2BR,1BA | $0.97 |
| The Jefferson | Jefferson 2 Bed 1 Bath Renovated | 2BR,1BA | $1.04 |
| Ivy II | Classic 2 bed/1 bath | 2BR,1BA | $1.00 |
| The Pointe on Fleur Apartments | One Month Free Rent Call Today! | 1BR,1BA | $0.99 |
| 1201 E Bell Avenue | 1BR/1.0BA | 1BR,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.
Read ArticleReal 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.
Pet Friendly LifestyleGray's Lake, Des Moines, IA
Ranked #13
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
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 $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

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.

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.

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.

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.