Cheap Apartments for Rent in the Greenwood Neighborhood of Des Moines, IA from $300 (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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1818 Pleasant St, Unit 1818
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
2 Bedroom Apartment Available Now

1818 Pleasant St, Unit 1818

1818 Pleasant StDes Moines, IA 50314
Cost Per Sq.Ft.
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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 Mezzo on Walnut priced from $350. Plymouth Place Retirement Community 62+ 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
Mezzo on WalnutAria 31BR,1BA$350
Plymouth Place Retirement Community 62+Studio - Retirement CommunityStudio,1BA$600
Village GreenStudioStudio,1BA$600
Lenox PropertiesGreenwood AStudio,1BA$635
The AcaciaStudio - ClassicStudio,1BA$647
Stockbridge Apartments1x1 670-7001BR,1BA$650
The Brady Apartments0BR/1.0BAStudio,1BA$695
Hampton House ApartmentsStudioStudio,1BA$699
The Des Moines BuildingStudioStudio,1BA$705

Best Value Apartments for Rent in Greenwood, IA

As of April 08, 2026 the best value apartment in the Greenwood area is the $1.10 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,350. The second greatest value Greenwood apartment is the 2 BR/ 1 BA Model at 3612 Ingersoll Ave starting at $1,200 with a $0.75 price per square foot in the Southwest 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.
Matilda 235 TownhomesB22BR,2.5BA$1.10
3612 Ingersoll Ave2 BR/ 1 BA2BR,1BA$0.75
3000 Grand Apartments3 Bed | 2 Bath3BR,2BA$1.02
The ElmhurstModel A2BR,2BA$1.00
560 29th St560 29th St2BR,1BA$0.98
1818 Pleasant St, Unit 18181818 Pleasant St2BR,1BA$1.06
River Oaks Apartments2 Bedroom 1 Bathroom2BR,1BA$0.99
Stockbridge Apartments1x1 670-7001BR,1BA$0.93
The Pointe on FleurOne Bedroom Available-$500 Rent Credit-Call for...1BR,1BA$1.07
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12

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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 $705.

What is the price of a cheap apartment in Greenwood?

The cheapest apartment in Greenwood is Mezzo on Walnut which is listed at $350, while the average apartment in Greenwood costs $1,823.

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 38 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 $431 which is $1,392 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

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