Cheap Apartments for Rent in the Martin Luther King Jr. Park Neighborhood of Des Moines, IA from $500 (73 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

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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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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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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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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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 Northtown Apartments priced from $595. Riverview Oaks Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Martin Luther King Jr. Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Northtown ApartmentsStudioStudio,1BA$595
Riverview Oaks ApartmentsStudioStudio,1BA$625
Maverick Apartments0/1Studio,1BA$695
The ElliottStudioStudio,1BA$710
East Village SquareStudio 390-392Studio,1BA$725
Capitol Heights1BR/1.0BA1BR,1BA$725
The Scott at East VillageStudioStudio,1BA$725
418 East GrandStudio - The FlowStudio,1BA$755
Rowat Lofts ApartmentsStudio - SlateStudio,1BA$770
The Lyon1 Bed Standard (T): Floors 3-111BR,1BA$777

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

As of October 24, 2025 the best value apartment in the Martin Luther King Jr. Park area is the $1.25 price per square foot C1 Model at 5Fifty5 in the in the Southwest Des Moines neighborhood starting from $1,980. The second greatest value Martin Luther King Jr. Park apartment is the 2 BR/ 1 BA Model at 3614 6th Ave starting at $1,395 with a $0.89 price per square foot in the Grandview College Area 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.
5Fifty5C13BR,2.5BA$1.25
3614 6th Ave2 BR/ 1 BA2BR,1BA$0.89
Wilkins BldgIncome Restricted2BR,1BA$1.06
Carbon 5502BR-C62BR,2BA$1.28
The AspenDeluxe 2 Bedroom2BR,1BA$1.11
Vine Street Lofts1 Bedroom1BR,1BA$1.16
Riverpoint LoftsA61BR,1BA$1.32
Madison Flats1 Bedroom 1 Bathroom1BR,1BA$1.15
Rumely Lofts1 Bedroom Income Restricted1BR,1BA$1.32
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 #19

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!

Getting Around the Martin Luther King Jr. Park Neighborhood in Des Moines, IA

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $777.

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

The cheapest apartment in Martin Luther King Jr. Park is Northtown Apartments which is listed at $675, while the average apartment in Martin Luther King Jr. Park costs $2,499.

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 58 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 $200 which is $2,299 cheaper than the average rent for all rentals in Martin Luther King Jr. Park.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.