Cheap Apartments for Rent in the Prospect Park Neighborhood of Des Moines, IA from $400 (105 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Des Moines.

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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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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property at 2537 Lynner Dr

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

2 Bedroom, 1 Bath Home for Rent

Available Now

2537 Lynner Dr

Des MoinesIA50310

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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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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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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Showing Results 1-50, Page 1 of 3

Prospect Park, Des Moines, IA Local Guide

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of Des Moines, IA is a 1 Bed unit found at The Townhall Food Hall and Apartments priced from $480. Highland Park Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $597. Here are the most affordable Prospect Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The Townhall Food Hall and Apartments1 BR1BR,1BA$480
Highland Park ManorStandard 1 Bed1BR,1BA$597
Highland Park ApartmentsStandard 1 Bed1BR,1BA$597
Clover Creek0/1 - GrandStudio,1BA$597
Village GreenStudioStudio,1BA$600
The Concord BuildingStudioStudio,1BA$630
Douglas Oaks0BR/1.0BAStudio,1BA$650
The 2800 Residences2nd Floor - 1 Bed1BR,1BA$675
Legacy MeadowsS1 Partial RenoStudio,1BA$675

Best Value Apartments for Rent in Prospect Park, IA

As of May 24, 2026 the best value apartment in the Prospect Park area is the $1.14 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,450. The second greatest value Prospect Park apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.14
The ElmhurstModel A2BR,2BA$1.00
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
Northtown Apartments2 Bedroom 1 Bathroom2BR,1BA$0.92
933 18th StThe Olive1BR,1BA$1.06
Discover Modern Comfort at Welbeck Apartments ~ Rent SpecialUpgraded 2 BR/1Ba2BR,1BA$1.13
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
The Townhall Food Hall and Apartments1 BR1BR,1BA$0.76
Highland Park ApartmentsStandard 1 Bed1BR,1BA$1.09
Highland Park ManorStandard 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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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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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
Prospect Park, Des Moines, IA

Ranked #29

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
Prospect Park, Des Moines, IA

School data provided by Great Schools

Lifestyle Ratings

Our team compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Des Moines. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Prospect Park Apartments

What is the Cheapest Studio apartment in Prospect Park?

Currently the most affordable Cheap Studio Apartment in Prospect Park is at Clover Creek listed at $597.

How much is rent for a Cheap One Bedroom Prospect Park Apartment?

The lowest price for a Cheap One Bedroom Prospect Park Apartment is $480 at The Townhall Food Hall and Apartments.

What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $745 at Discover Modern Comfort at Welbeck Apartments ~ Rent Special.

What is the most affordable Prospect Park Three Bedroom Apartment?

The best deal on a cheap Prospect Park Three Bedroom Apartment rental is at Village Green and starts from $1,100.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.