Cheap Apartments for Rent in the Prospect Park Neighborhood of Des Moines, IA from $400 (127 Rentals)

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

property at 732 19th St

$595

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 732 19th St

$625

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314

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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property at 1108 25th St

$700

1 Bedroom, 1 Bath Rentals

Available Now

1108 25th St

Des MoinesIA50311
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311

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 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311
property at 732 19th St

$725

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311

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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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
property at 1215 25th St

$810

1 Bedroom, 1 Bath Rentals

Available Now

1215 25th St

Des MoinesIA50311

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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property at 2300 Beaver Ave

$900

2 Bedroom, 1 Bath Rentals

Available Now

2300 Beaver Ave

Des MoinesIA50310

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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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 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 Prospect 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
Village GreenStudioStudio,1BA$600
732 19th St1 Beds, 1 Baths1BR,1BA$625
The Concord BuildingStudioStudio,1BA$630
Douglas Oaks0BR/1.0BAStudio,1BA$650
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$675
Legacy MeadowsS1 Partial RenoStudio,1BA$675
The 2800 Residences2nd Floor - 1 Bed1BR,1BA$675
The Grove at Hickman1x11BR,1BA$695

Best Value Apartments for Rent in Prospect Park, IA

As of July 08, 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 1250 9th St Model at 1250 9th St, Unit Unite #1 starting at $1,200 with a $0.71 price per square foot in the Grandview College Area 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
1250 9th St, Unit Unite #11250 9th St3BR,1.5BA$0.71
The ElmhurstModel A2BR,2BA$1.00
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
The Flats on 21st1 Bedroom1BR,1BA$1.16
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$1.17
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 #28

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 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 $695.

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

The cheapest apartment in Prospect Park is Highland Park Apartments which is listed at $597, while the average apartment in Prospect Park costs $1,625.

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 6 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 $384 which is $1,241 cheaper than the average rent for all rentals in Prospect 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.