Cheap Apartments for Rent in the Martin Luther King Jr. Park Neighborhood of Des Moines, IA from $500 (72 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Martin Luther King Jr. Park area of Des Moines.

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

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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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$900 - $1,650Studio to 2 Bedroom Apartments Contact Us For Availability

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915 Mulberry StDes Moines, IA 50309
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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Martin Luther King Jr. Park, Des Moines, IA Local Guide

Cheapest Available Martin Luther King Jr. Park Apartments for Rent

 

The cheapest available apartment rental in the Martin Luther King Jr. Park area of Des Moines, IA is a Studio unit found at Highland Park Apartments priced from $575. Highland Park Apartments (DSM) has the second lowest priced unit, which is a Studio apartment currently listed from $575. Here are the most affordable Martin Luther King Jr. Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Highland Park ApartmentsStudioStudio,1BA$575
Highland Park Apartments (DSM)StudioStudio,1BA$575
Northtown ApartmentsStudioStudio,1BA$595
Maverick Apartments0/1Studio,1BA$695
Capitol HeightsOne-Bedroom Apartment in a Secure Building – Li...1BR,1BA$725
The Des Moines BuildingStudioStudio,1BA$735
Eagle View LoftsA2 - Income Restricted1BR,1BA$741
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$745
City Square LoftsS1Studio,1BA$755
The Elliott1 Bedroom1BR,1BA$775

Best Value Apartments for Rent in Martin Luther King Jr. Park, IA

As of January 24, 2026 the best value apartment in the Martin Luther King Jr. Park area is the $1.31 price per square foot C3 Model at 5Fifty5 in the in the Southwest Des Moines neighborhood starting from $2,893. The second greatest value Martin Luther King Jr. Park apartment is the 1BR/1.0BA Model at 10th Street Lofts starting at $1,155 with a $1.34 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for Martin Luther King Jr. Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5Fifty5C33BR,2.5BA$1.31
10th Street Lofts1BR/1.0BA1BR,1BA$1.34
Wilkins BldgIncome Restricted1BR,1BA$1.18
1120 E 6th St apt 3, Unit 31120 E 6th St apt 32BR,1BA$1.25
Madison Flats1 Bedroom 1 Bathroom1BR,1BA$1.15
The AspenCypress Deluxe (W/D)2BR,1BA$1.08
Rumely Lofts1 Bedroom Income Restricted1BR,1BA$1.32
East Village Square1x1-6761BR,1BA$1.26
1614 Arlington Ave, Unit Unit 41614 Arlington Ave1BR,1BA$1.31
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15

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
Martin Luther King Jr. Park, Des Moines, IA

Ranked #16

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Martin Luther King Jr. Park, Des Moines, IA

School data provided by Great Schools

Lifestyle Ratings

Our team is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Des Moines. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Martin Luther King Jr. Park Apartments

What is a cheap apartment in Martin Luther King Jr. Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Martin Luther King Jr. Park is under $775.

What is the price of a cheap apartment in Martin Luther King Jr. Park?

The cheapest apartment in Martin Luther King Jr. Park is Highland Park Apartments which is listed at $597, while the average apartment in Martin Luther King Jr. Park costs $11,206.

What types of apartments are the cheapest in Martin Luther King Jr. 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 77 regular apartments in Martin Luther King Jr. 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 Martin Luther King Jr. Park?

Cheap apartments in Martin Luther King Jr. Park have an average cost of $189 which is $11,017 cheaper than the average rent for all rentals in Martin Luther King Jr. 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

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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.