Cheap Apartments for Rent in the Prospect Park Neighborhood of Des Moines, IA from $500 (106 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect 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

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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 Studio unit found at Clover Creek priced from $593. The Flats on 21st has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Prospect Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Clover Creek0/1 - ClassicStudio,1BA$593
The Flats on 21st1 Bedroom1BR,1BA$595
Northtown ApartmentsStudioStudio,1BA$595
Village GreenStudioStudio,1BA$600
Douglas Oaks0BR/1.0BAStudio,1BA$650
The Grove at Hickman1x11BR,1BA$695
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Beaverdale Housing LLCStudioStudio,1BA$710
Pleasant CourtStudioStudio,1BA$725

Best Value Apartments for Rent in Prospect Park, IA

As of November 10, 2025 the best value apartment in the Prospect Park area is the $0.89 price per square foot 2 BR/ 1 BA Model at 3614 6th Ave in the in the Grandview College Area neighborhood starting from $1,395. 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.
3614 6th Ave2 BR/ 1 BA2BR,1BA$0.89
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
3120 Cottage Grove Ave, Unit Apt 23120 Cottage Grove Ave1BR,1BA$0.81
1325 24th St, Unit 21325 24th St2BR,1BA$0.95
Alley LandingTwo Bedroom2BR,1BA$1.09
713 20th St, Unit 1915-2713 20th St2BR,1BA$1.00
Discover Modern Comfort at Welbeck ApartmentsLegacy 2Br/1Ba2BR,1BA$1.06
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07
The Flats on 21st1 Bedroom1BR,1BA$0.99

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
Prospect Park, Des Moines, IA

Ranked #30

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.

Getting Around the Prospect Park Neighborhood in Des Moines, IA

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

33 / 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 Prospect Park Apartments

What is a cheap apartment in Prospect Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $725.

What is the price of a cheap apartment in Prospect Park?

The cheapest apartment in Prospect Park is The Flats on 21st which is listed at $595, while the average apartment in Prospect Park costs $1,500.

What types of apartments are the cheapest in Prospect 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 41 regular apartments in Prospect 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 Prospect Park?

Cheap apartments in Prospect Park have an average cost of $163 which is $1,337 cheaper than the average rent for all rentals in Prospect 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.