Cheap Apartments for Rent in the Magnolia Park Neighborhood of Des Moines, IA from $500 (69 Rentals)

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

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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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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Park Ridge Apartments
Rent Specials
$825 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $1,200
Total Monthly Price
$825 - $1,200
1 to 3 Bedroom Apartments Available Now

Park Ridge Apartments

3200 Indianola AveDes Moines, IA 50315
Affordability
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  • Utilities Included

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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Meredith Homes
1 to 3 Bedroom Apartments

Meredith Homes

3716 Indianola AveDes Moines, IA 50320
Senior Living
  • Utilities Included

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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South View Apartments
1 Bedroom Apartments

South View Apartments

4221 SE 13th StDes Moines, IA 50315
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Cedar Crest Apartments
2 Bedroom Apartments

Cedar Crest Apartments

3722-3726 SE 14th StDes Moines, IA 50320
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Libertad Des Moines
1 to 3 Bedroom Apartments

Libertad Des Moines

4421 SE 14th StDes Moines, IA 50320
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The Quarters on 9th
Studio to 2 Bedroom Apartments

The Quarters on 9th

5209 SW 9th StDes Moines, IA 50315
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920 Meadow Ln
2 to 3 Bedroom Apartments

920 Meadow Ln

920 Meadow LnDes Moines, IA 50315
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Casady Apartments
Studio to 2 Bedroom Apartments

Casady Apartments

1910-1914 Casady DrDes Moines, IA 50315
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Community Homes
1 to 3 Bedroom Apartments

Community Homes

5301 SW 9th StDes Moines, IA 50315
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Southview Manor
1 Bedroom Apartments

Southview Manor

2417 SW 9th StDes Moines, IA 50315
Senior Living
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Magnolia Park, Des Moines, IA Local Guide

Cheapest Available Magnolia Park Apartments for Rent

 

The cheapest available apartment rental in the Magnolia Park area of Des Moines, IA is a 1 Bed unit found at Valley Acres Apartments priced from $650. The Pointe on Fleur Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Magnolia Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$650
The Pointe on Fleur Apartments1x11BR,1BA$675
Pioneer EstatesB11BR,1BA$699
Park Forest1x1 6301BR,1BA$705
The Ridges1 Bedroom1BR,1BA$740
Ivy IIClassic 2 bed/1 bath2BR,1BA$747
The Hampton Meadows1 Bedroom1BR,1BA$750
Watrous ApartmentsA11BR,1BA$750
Wakonda Village Apartments and ManorS1PwvStudio,1BA$765
McKinley ApartmentsMcKinley Apartments - LIMITED TIME SPECIAL PRIC...2BR,2BA$785

Best Value Apartments for Rent in Magnolia Park, IA

As of June 12, 2026 the best value apartment in the Magnolia Park area is the $0.93 price per square foot Plan B - two story Model at Southern Meadows Homes in the in the Southwest Des Moines neighborhood starting from $1,275. The second greatest value Magnolia Park apartment is the 3BR/2.0BA Model at 1201 E Bell Avenue starting at $1,100 with a $0.99 price per square foot in the East Des Moines neighborhood. Here is today’s list of the best values for Magnolia Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Southern Meadows HomesPlan B - two story3BR,2BA$0.93
1201 E Bell Avenue3BR/2.0BA3BR,2BA$0.99
The Meadows3 Bedroom3BR,2BA$0.95
Fort Des Moines2-Bedroom2BR,2BA$0.97
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.93
McKinley Apartments3BD/1.5BA3BR,1.5BA$0.94
Evergreen Terrace2BR/1BA-Updated2BR,1BA$1.00
Ivy IIClassic 2 bed/1 bath2BR,1BA$1.00
The Pointe on Fleur Apartments1x11BR,1BA$0.99
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$1.00

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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Pet Friendly Lifestyle
Magnolia Park, Des Moines, IA

Ranked #40

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Des Moines. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, features that make it easier to raise kids, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Magnolia Park Apartments

How much is rent for a Cheap One Bedroom Magnolia Park Apartment?

The lowest price for a Cheap One Bedroom Magnolia Park Apartment is $650 at Valley Acres Apartments.

What is the lowest price for a Cheap Two Bedroom Magnolia Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia Park is starting from $747 at Ivy II.

What is the most affordable Magnolia Park Three Bedroom Apartment?

The best deal on a cheap Magnolia Park Three Bedroom Apartment rental is at McKinley Apartments and starts from $895.

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.