Cheap Apartments for Rent in the Martin Luther King Jr. Park Neighborhood of Des Moines, IA from $480 (69 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.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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property at 802 SE 10th St
$975
2 Bedroom, 1 Bath Rentals
Available Now
Cost Per Sq.Ft.

802 SE 10th St

Des MoinesIA50309
property at 917 Maury St
$975
2 Bedroom, 1 Bath Rentals
Available Now
Cost Per Sq.Ft.

917 Maury St

Des MoinesIA50309

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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23rd East
Studio Apartments

23rd East

1313 E 23rd StDes Moines, IA 50317
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Highland Park Manor
Studio to 2 Bedroom Apartments

Highland Park Manor

3717 6th AveDes Moines, IA 50313
Senior Living
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The Gables
Studio Apartments

The Gables

1621 9th StDes Moines, IA 50314
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319 Franklin Ave
1 Bedroom Apartments

319 Franklin Ave

319 Franklin AveDes Moines, IA 50314
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3419 1st St
Studio to 1 Bedroom Apartments

3419 1st St

3419 1st StDes Moines, IA 50313

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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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 1 Bed unit found at Highland Park Apartments priced from $597. Highland Park Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $597. Here are the most affordable Martin Luther King Jr. Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Highland Park ApartmentsStandard 1 Bed1BR, 1BA$597
Highland Park ManorStandard 1 Bed1BR, 1BA$597
The Gables0BR/1.0BAStudio, 1BA$600
Riverview Oaks ApartmentsStudioStudio, 1BA$625
319 Franklin Ave1BR/1.0BA1BR, 1BA$647
The ElliottStudioStudio, 1BA$710
Capitol Heights1BR/1.0BA1BR, 1BA$725
2447 E Walnut Street1BR/1.0BA1BR, 1BA$725
The Fleming Building#05 - StudioStudio, 1BA$745
Maverick Apartments1/11BR, 1BA$799

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

As of September 22, 2026 the best value apartment in the Martin Luther King Jr. Park area is the $1.17 price per square foot 430 E Locust St Model at 430 E Locust St, Unit 430 East Locust #4 in the Southwest Des Moines neighborhood starting from $1,477. The second greatest value Martin Luther King Jr. Park apartment is the 2BR/1.0BA Model at 2601/2603 E Walnut Street in the East Des Moines neighborhood starting at $1,050 with a $0.88 price per square foot. 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.
430 E Locust St, Unit 430 East Locust #4430 E Locust St1BR, 1BA$1.17
2601/2603 E Walnut Street2BR/1.0BA2BR, 1BA$0.88
Wilkins BldgMarket Rate2BR, 1BA$1.29
10th Street Lofts2BR/1.0BA2BR, 1BA$1.17
Vine Street Lofts1 Bedroom1BR, 1BA$1.13
Maverick Apartments1/11BR, 1BA$1.18
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR, 1BA$1.15
2447 E Walnut Street1BR/1.0BA1BR, 1BA$1.21
Highland Park ManorStandard 1 Bed1BR, 1BA$1.09
Highland Park ApartmentsStandard 1 Bed1BR, 1BA$1.09

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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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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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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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 #18

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 $799.

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 $1,330.

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 48 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 $168 which is $1,162 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

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.