Cheap Homes for Rent in Greenwood Neighborhood of Des Moines, IA from $500 (16 Rentals)

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

property at 702 20th St

702 20th St

Des MoinesIA50314

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 Lenox Properties priced from $595. The Flats on 21st has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here are the most affordable Greenwood apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Lenox PropertiesDrake StudioStudio,1BA$595
The Flats on 21stStudioStudio,1BA$595
Cottage Heights on 29th1 Bedroom1BR,1BA$595
Village GreenStudioStudio,1BA$600
Ingersoll Park Studio Apartments 3607StudioStudio,1BA$625

Best Value Apartments for Rent in Greenwood, IA

As of September 19, 2025 the best value apartment in the Greenwood area is the $1.00 price per square foot Model A Model at The Elmhurst in the in the Downtown Des Moines neighborhood starting from $1,300. The second greatest value Greenwood apartment is the 2 bed Model at 2813 Cottage Grove Ave starting at $900 with a $0.82 price per square foot in the Drake Park 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.
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
Wilkins BldgIncome Restricted2BR,1BA$1.12
Hamilton ApartmentsOne Bedroom1BR,1BA$0.84
Ingersoll TowersAshworth2BR,1BA$1.02
Skyloft Apartments2BR/1.0BA2BR,1BA$1.09
The 4220 Grand ApartmentsTwo Bedroom2BR,1BA$1.11
Stockbridge Apartments1x1 670-7001BR,1BA$0.93
The Pointe on FleurOne Bedroom Available-One Month Free Rent Speci...1BR,1BA$1.07
Cottage Heights on 29th1 Bedroom1BR,1BA$1.05

Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 470 Apartments for Rent in Greenwood, IA with pricing that ranges from $595 to $5,984. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $560 to $2,400.

What is the current price range for Rental Homes in Greenwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greenwood ranges from $560 to $2,400 with an average monthly rent of $1,435.

How much are larger Three and Four Bedroom Rentals in Greenwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greenwood range from $1,100 to $2,549, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $965.

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

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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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How to Negotiate Your Apartment Lease and Save Money

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Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.