Cheap Apartments for Rent in the Magnolia Park Neighborhood of Des Moines, IA from $500 (64 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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Park Ridge Apartments
Rent Specials
$775 - $935
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $935
Total Monthly Price
$775 - $935
1 to 2 Bedroom Apartments Available Now

Park Ridge Apartments

3200 Indianola AveDes Moines, IA 50315
Affordability
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  • Utilities Included

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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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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Meredith Homes
1 to 3 Bedroom Apartments

Meredith Homes

3716 Indianola AveDes Moines, IA 50320
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South View Apartments
1 Bedroom Apartments

South View Apartments

4221 SE 13th StDes Moines, IA 50315
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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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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McKinley Apartments
1 to 3 Bedroom Apartments

McKinley Apartments

315 E McKinley AveDes 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
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6920 SW 9th St
2 Bedroom Apartments

6920 SW 9th St

6920 SW 9th StDes Moines, IA 50315

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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. Pioneer Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. 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
Pioneer EstatesB11BR,1BA$699
McKinley Apartments1BD/1BA1BR,1BA$699
Park Forest1x1 6301BR,1BA$705
The Pointe on Fleur ApartmentsOne Bedroom Available-$500 Rent Credit-Call for...1BR,1BA$725
The Ridges1 Bedroom1BR,1BA$740
Ivy IIElevated 1 bed/1 bath1BR,1BA$747
Wakonda Village and Manor Apartment HomesS1PwvStudio,1BA$750
The Hampton Meadows1 Bedroom1BR,1BA$750
Park Ridge Apartments1 Bedroom1BR,1BA$775

Best Value Apartments for Rent in Magnolia Park, IA

As of April 28, 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 3 Bedroom Model at The Meadows starting at $995 with a $0.95 price per square foot in the Somerset 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
The Meadows3 Bedroom3BR,2BA$0.95
Finn Apartmentsfin-2r2BR,2BA$0.92
Fort Des Moines2-Bedroom2BR,2BA$0.97
Magnolia Park3rd Floor 2/2.02BR,2BA$0.78
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.93
Goldbriar Chateau2 Bedroom 1 Bathroom2BR,1BA$0.94
Evergreen Terrace2BR/1BA-Updated2BR,1BA$1.00
1201 E Bell Avenue2BR/1.0BA2BR,1BA$0.94
Valley Acres Apartments1 Bedroom 1 Bathroom1BR,1BA$1.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #43

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

What is the price of a cheap apartment in Magnolia Park?

The cheapest apartment in Magnolia Park is Valley Acres Apartments which is listed at $650, while the average apartment in Magnolia Park costs $1,250.

What types of apartments are the cheapest in Magnolia Park?

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 Magnolia Park 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 Magnolia Park?

Cheap apartments in Magnolia Park have an average cost of $214 which is $1,036 cheaper than the average rent for all rentals in Magnolia Park.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.