
Cheap Homes for Rent in Magnolia Park Neighborhood of Des Moines, IA from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia Park area of Des Moines.


5508 SW 8th St

828 Hartford Ave
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.

822 Hartford Ave

4421 SE 14th St, Unit 201

1211 Lewis Ave
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.

3422 SW 8th St
Magnolia Park, Des Moines, IA Local Guide

How much does it cost to rent a home in Magnolia Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia Park 2 Bedroom Homes for Rent | $1,174 | $975 | $1,450 |
| Magnolia Park 3 Bedroom Homes for Rent | $1,516 | $550 | $2,250 |
| Magnolia Park 4 Bedroom Homes for Rent | $1,872 | $1,695 | $2,050 |
| Magnolia Park 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Magnolia Park Neighborhood of Des Moines, IA.
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Magnolia Park, Des Moines, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $650 |
| Pioneer Estates | B1 | 1BR,1BA | $699 |
| McKinley Apartments | 1BD/1BA | 1BR,1BA | $699 |
Best Value Apartments for Rent in Magnolia Park, IA
As of April 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Southern Meadows Homes | Plan B - two story | 3BR,2BA | $0.93 |
| The Meadows | 3 Bedroom | 3BR,2BA | $0.95 |
| Finn Apartments | fin-2r | 2BR,2BA | $0.92 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Magnolia Park | 3rd Floor 2/2.0 | 2BR,2BA | $0.78 |
| Magnolia Manor Apartments and Townhomes | 2 Bedroom | 2BR,1BA | $0.93 |
| Goldbriar Chateau | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Evergreen Terrace | 2BR/1BA-Updated | 2BR,1BA | $1.00 |
| 1201 E Bell Avenue | 2BR/1.0BA | 2BR,1BA | $0.94 |
| Valley Acres Apartments | 1 Bedroom 1 Bathroom | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleMagnolia Park, Des Moines, IA
Ranked #43
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Magnolia Park
What type of rentals are currently available in Magnolia Park?
There are currently 147 Apartments for Rent in Magnolia Park, IA with pricing that ranges from $650 to $2,350. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia Park ranging from $550 to $2,250.
What is the current price range for Rental Homes in Magnolia Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia Park ranges from $550 to $2,250 with an average monthly rent of $1,481.
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.

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.

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.