Cheap Apartments for Rent in the Martin Luther King Jr. Park Neighborhood of Des Moines, IA from $400 (62 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.

property at 3225 5th Ave

3225 5th Ave

Des MoinesIA50313

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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 (DSM) priced from $547. The Aspen 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 Apartments (DSM)Standard 1 Bed1BR,1BA$547
The AspenStandard 1 Bedroom1BR,1BA$597
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$675
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
City Square LoftsS1Studio,1BA$696
East Village SquareStudio 390-392Studio,1BA$725
The ElliottStudioStudio,1BA$750
The Des Moines BuildingS1Studio,1BA$756
The Scott at East Village ApartmentsStudioStudio,1BA$834

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

As of June 17, 2025 the best value apartment in the Martin Luther King Jr. Park area is the $1.25 price per square foot C3 Model at 5Fifty5 in the in the Southwest Des Moines neighborhood starting from $2,758. The second greatest value Martin Luther King Jr. Park apartment is the 2 Bedroom - Affordable Model at Vine Street Lofts starting at $957 with a $0.81 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$1.25
Vine Street Lofts2 Bedroom - Affordable2BR,2BA$0.81
Court Ave LoftsCA-C4 Income Restricted2BR,2BA$1.09
The Aspen3 Bedroom3BR,2BA$0.95
Wilkins BldgMarket Rate1BR,1BA$1.30
The Griffin Building2 Bedroom 1 Bathroom2BR,1BA$1.14
10th Street Lofts1BR/1.0BA1BR,1BA$1.32
Rumely Lofts1 Bedroom Income Restricted1BR,1BA$1.32
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$1.17

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Pet Friendly Lifestyle
Martin Luther King Jr. Park, Des Moines, IA

Ranked #15

Among neighborhoods in Des Moines, IA 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 $834.

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 (DSM) which is listed at $547, while the average apartment in Martin Luther King Jr. Park costs $2,461.

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 $221 which is $2,240 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.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.