Cheap Apartments for Rent in the Greenwood Neighborhood of Des Moines, IA from $500 (138 Rentals)

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

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Greenwood, Des Moines, IA Local Guide

Cheapest Available Greenwood Apartments for Rent

 

The cheapest available apartment rental in the Greenwood area of Des Moines, IA is a 1 Bed unit found at The Flats on 21st priced from $595. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Greenwood apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The Flats on 21st1 Bedroom1BR,1BA$595
Village GreenStudioStudio,1BA$600
Imperial Grand PrixGrand Prix StudioStudio,1BA$647
The AcaciaStudio - ClassicStudio,1BA$647
Stockbridge Apartments1x1 670-7001BR,1BA$650
Ingersoll Park Studio Apartments 3607StudioStudio,1BA$675
Hampton House ApartmentsStudioStudio,1BA$699
Weston Park ApartmentsPoppy1BR,1BA$704
Beaverdale Housing LLCStudioStudio,1BA$710

Best Value Apartments for Rent in Greenwood, IA

As of November 16, 2025 the best value apartment in the Greenwood area is the $0.81 price per square foot 2 BR/ 1 BA Model at 3612 Ingersoll Ave in the in the Southwest Des Moines neighborhood starting from $1,300. The second greatest value Greenwood apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3612 Ingersoll Ave2 BR/ 1 BA2BR,1BA$0.81
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
1215 23rd St, Unit 1215 23RD apt #31215 23rd St2BR,1BA$0.80
3120 Cottage Grove Ave, Unit Apt 23120 Cottage Grove Ave1BR,1BA$0.81
Hamilton ApartmentsOne Bedroom1BR,1BA$0.84
Ingersoll TowersGreenwood2BR,1BA$0.98
713 20th St, Unit 1915-2713 20th St2BR,1BA$1.00
Stockbridge Apartments1x1 670-7001BR,1BA$0.93
The Flats on 21st1 Bedroom1BR,1BA$0.99

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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Iowa and customized analysis for Central Des Moines. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, family-friendliness, raising pets, transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Greenwood Neighborhood in Des Moines, IA

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Greenwood Apartments

What is a cheap apartment in Greenwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Greenwood is under $710.

What is the price of a cheap apartment in Greenwood?

The cheapest apartment in Greenwood is The Flats on 21st which is listed at $595, while the average apartment in Greenwood costs $3,430.

What types of apartments are the cheapest in Greenwood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 27 regular apartments in Greenwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Greenwood?

Cheap apartments in Greenwood have an average cost of $188 which is $3,242 cheaper than the average rent for all rentals in Greenwood.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.