
Cheap Homes for Rent in Greenwood Neighborhood of Des Moines, IA from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Greenwood area of Des Moines.


1108 25th St

1314 22nd St

3903 University Ave

1215 25th St
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.

1312 22nd St

2701 Ingersoll Ave

713 20th St

2701 Ingersoll Ave

901 41st St
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.

612 29th St

1171 21st St

1123 24th St

1215 25th St, Unit 1

1144 Polk Blvd
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.
Greenwood, Des Moines, IA Local Guide

How much does it cost to rent a home in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood 2 Bedroom Homes for Rent | $1,327 | $825 | $2,150 |
| Greenwood 3 Bedroom Homes for Rent | $1,408 | $1,185 | $1,800 |
| Greenwood 4 Bedroom Homes for Rent | $1,575 | $1,300 | $1,850 |
| Greenwood 6 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Greenwood Neighborhood of Des Moines, IA.
Explore Des Moines
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lenox Properties | Greenwood A | Studio,1BA | $595 |
| Village Green | Studio | Studio,1BA | $600 |
| The Concord Building | Studio | Studio,1BA | $630 |
| The Acacia | Studio - Classic | Studio,1BA | $647 |
| The Pointe on Fleur Apartments | 1x1 | 1BR,1BA | $675 |
Best Value Apartments for Rent in Greenwood, IA
As of May 24, 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 3 Bed | 2 Bath Model at 3000 Grand Apartments starting at $1,405 with a $1.02 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.14 |
| 3000 Grand Apartments | 3 Bed | 2 Bath | 3BR,2BA | $1.02 |
| The Elmhurst | Model A | 2BR,2BA | $1.00 |
| Alta Casa | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| MLK Brickstone Apartments | Two Bedroom | 2BR,2BA | $0.95 |
| 933 18th St | The Olive | 1BR,1BA | $1.06 |
| 722 18th St | 1x1 | 1BR,1BA | $1.21 |
| The Pointe on Fleur Apartments | 1x1 | 1BR,1BA | $0.99 |
| Village on Grand | 1 B 1 B | 1BR,1BA | $1.21 |
| The Concord Building | Studio | Studio ,1BA | $1.20 |
Frequently Asked Questions about Greenwood
What type of rentals are currently available in Greenwood?
There are currently 479 Apartments for Rent in Greenwood, IA with pricing that ranges from $525 to $2,900. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $525 to $4,200.
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 $525 to $4,200 with an average monthly rent of $1,712.
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 $950 to $2,507, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $965.
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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.