Cheap Apartments for Rent in the Greenwood Neighborhood of Des Moines, IA from $500 (176 Rentals)

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

property at 732 19th St

$595

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 732 19th St

$625

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314

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.

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property at 1108 25th St

$700

1 Bedroom, 1 Bath Rentals

Available Now

1108 25th St

Des MoinesIA50311
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311

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.

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property at 732 19th St

$725

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1215 25th St

$810

1 Bedroom, 1 Bath Rentals

Available Now

1215 25th St

Des MoinesIA50311

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.

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Showing Results 1-50, Page 1 of 4

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 Studio unit found at Village Green priced from $600. 732 19th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable Greenwood apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Village GreenStudioStudio,1BA$600
732 19th St1 Beds, 1 Baths1BR,1BA$625
The Concord BuildingStudioStudio,1BA$630
The AcaciaStudio - ClassicStudio,1BA$647
The Pointe on Fleur ApartmentsUp to 2 Months Free Rent Call Today!1BR,1BA$675
Arlington HallettStudio EastStudio,1BA$695
Lenox PropertiesDrake B1BR,1BA$695
The DrakeB31BR,1BA$695
The Flats on 21st1 Bedroom1BR,1BA$695
Beaverdale Housing LLCStudioStudio,1BA$710

Best Value Apartments for Rent in Greenwood, IA

As of July 08, 2026 the best value apartment in the Greenwood area is the $1.14 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,450. The second greatest value Greenwood apartment is the 1250 9th St Model at 1250 9th St, Unit Unite #1 starting at $1,200 with a $0.71 price per square foot in the Grandview College Area 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.
Matilda 235 TownhomesB22BR,2.5BA$1.14
1250 9th St, Unit Unite #11250 9th St3BR,1.5BA$0.71
The ElmhurstModel A2BR,2BA$1.00
Alta Casa2 Bedroom2BR,1BA$1.14
560 29th St560 29th St2BR,1BA$0.98
River Oaks Apartments3 Bedroom 2 Bathroom3BR,2BA$1.15
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99
The Pointe on Fleur ApartmentsUp to 2 Months Free Rent Call Today!1BR,1BA$0.99
The Flats on 21st1 Bedroom1BR,1BA$1.16

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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Quick 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.

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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.

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 732 19th St which is listed at $625, while the average apartment in Greenwood costs $1,708.

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 23 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 $666 which is $1,042 cheaper than the average rent for all rentals in Greenwood.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.