Cheap Apartments for Rent in the Prospect Park Neighborhood of Des Moines, IA from $400 (45 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Uplift Manor
1 Bedroom Apartments

Uplift Manor

2916 30th StDes Moines, IA 50310
  • Utilities Included
close
View Me
Harrington Studios
Studio Apartments

Harrington Studios

677 16th StDes Moines, IA 50314
  • Utilities Included
close
View Me
3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
  • Utilities Included
close
View Me
Drake Collection
1 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

close
View Me
Kingman Gardens
1 to 3 Bedroom Apartments

Kingman Gardens

3010 Kingman BlvdDes Moines, IA 50311
  • Utilities Included
close
View Me
Twin Manor
Studio to 1 Bedroom Apartments

Twin Manor

720 17th StDes Moines, IA 50314
  • Utilities Included
close
View Me
The Flats on 21st
1 Bedroom Apartments

The Flats on 21st

1313 21st StDes Moines, IA 50311
  • Utilities Included
close
View Me
Garden Court Apartments
1 to 2 Bedroom Apartments

Garden Court Apartments

3700 Martin Luther King PkyDes Moines, IA 50310
  • Utilities Included
close
View Me
Oak Park Manor
1 Bedroom Apartments

Oak Park Manor

3400 8th StDes Moines, IA 50313
Senior Living
  • Utilities Included
close
View Me
Roosevelt Manor
2 Bedroom Apartments

Roosevelt Manor

4223 Chamberlain DrDes Moines, IA 50312
  • Utilities Included
close
View Me
Concord Apartments
Studio Apartments

Concord Apartments

732 18th StDes Moines, IA 50314
  • Utilities Included
close
View Me
Drake Pointe
1 Bedroom Apartments

Drake Pointe

1101 25th StDes Moines, IA 50311
Student Housing
  • Utilities Included
close
View Me
4010 University
2 Bedroom Apartments

4010 University

4010 UniversityDes Moines, IA 50311
  • Utilities Included
close
View Me
421 College Ave
1 Bedroom Apartments

421 College Ave

421 College AveDes Moines, IA 50314
  • Utilities Included

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 (DSM) priced from $547. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Prospect Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Highland Park Apartments (DSM)Standard 1 Bed1BR,1BA$547
Village GreenStudioStudio,1BA$600
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$675
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
The Flats on 21st1 Bedroom1BR,1BA$695
Beaverdale Housing LLCStudioStudio,1BA$710
Oakview TerraceStudioStudio,1BA$710
1333 22nd Street1BR/1.0BA1BR,1BA$725
East Village SquareStudio 390-392Studio,1BA$725
Pleasant CourtStudioStudio,1BA$725

Best Value Apartments for Rent in Prospect Park, IA

As of May 28, 2025 the best value apartment in the Prospect Park area is the $1.00 price per square foot Model A Model at The Elmhurst in the in the Downtown Des Moines neighborhood starting from $1,300. The second greatest value Prospect Park apartment is the 2 bed Model at 2813 Cottage Grove Ave starting at $900 with a $0.82 price per square foot in the Drake Park 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.
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
1215 23rd St, Unit 1215 23RD apt #31215 23rd St2BR,1BA$0.97
The Birch (Douglas Terrace)Classic 2-Bed2BR,1BA$0.94
1818 Pleasant St, Unit 18181818 Pleasant St2BR,1BA$1.06
Legacy Apartments1BR/1.0BA1BR,1BA$1.09
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07
The Drake1 Bedroom 1 Bathroom1BR,1BA$1.17
The Flats on 21st1 Bedroom1BR,1BA$1.16

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Prospect Park, Des Moines, IA

Ranked #52

Among neighborhoods in Des Moines, IA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

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 Highland Park Apartments (DSM) which is listed at $547, while the average apartment in Prospect Park costs $1,783.

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 8 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 $255 which is $1,528 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.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.