
Cheap Homes for Rent in the Prospect Park Neighborhood of Des Moines, IA from $500 (32 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Des Moines.


732 19th St

732 19th St

1816 Francis Ave

1816 Francis Ave

1123 24th St

1108 25th St

1314 22nd St
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.

732 19th St

1314 22nd St

1314 22nd St

3903 University Ave

1215 25th St

1301 E 12th St

2537 Lynner Dr

1303 College Ave
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.

3814 42nd St

3905 8th St

1137 44th St

1809 Arlington Ave, Unit 6

713 20th St

1217 24th St

200 Grand Ave

4009 University Ave, Unit 3
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.

1215 25th St, Unit 1

3840 15th St

3020 Columbia St

4010 University

3514 3rd St, Unit 5

901 41st St

3719 3rd St

1806 Jefferson Ave
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.
Prospect Park, Des Moines, IA Local Guide

How much does it cost to rent a home in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park 2 Bedroom Homes for Rent | $1,134 | $675 | $2,150 |
| Prospect Park 3 Bedroom Homes for Rent | $1,565 | $800 | $1,995 |
| Prospect Park 4 Bedroom Homes for Rent | $1,875 | $1,850 | $1,900 |
| Prospect Park 5 Bedroom Homes for Rent | $1,925 | $1,925 | $1,925 |
| Prospect Park 6 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Des Moines, IA.
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Prospect Park, Des Moines, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Park Apartments | Standard 1 Bed | 1BR,1BA | $597 |
| Highland Park Manor | Standard 1 Bed | 1BR,1BA | $597 |
| Village Green | Studio | Studio,1BA | $600 |
| 732 19th St | 1 Beds, 1 Baths | 1BR,1BA | $625 |
| The Concord Building | Studio | Studio,1BA | $630 |
| Douglas Oaks | 0BR/1.0BA | Studio,1BA | $650 |
| Northtown Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $675 |
| The Grove at Hickman | 1x1 | 1BR,1BA | $695 |
| The Drake | B3 | 1BR,1BA | $695 |
| Clover Creek | 1/1 - Grand | 1BR,1BA | $697 |
Best Value Apartments for Rent in Prospect Park, IA
As of July 14, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.14 |
| 1250 9th St, Unit Unite #1 | 1250 9th St | 3BR,1.5BA | $0.71 |
| The Elmhurst | Model A | 2BR,2BA | $1.00 |
| 2820-2822 Kingman Blvd | 1 Beds, 1 Baths | 1BR,1BA | $0.99 |
| Welbeck Apartments | Legacy 2Br/1Ba | 2BR,1BA | $0.99 |
| Legacy Meadows | A3 Renovated | 1BR,1BA | $1.16 |
| Riverview Oaks Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.15 |
| MLK Brickstone Apartments | One Bedroom | 1BR,1BA | $1.12 |
| Highland Park Apartments | Standard 1 Bed | 1BR,1BA | $1.09 |
| Highland Park Manor | Standard 1 Bed | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleProspect Park, Des Moines, IA
Ranked #28
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Prospect Park, Des Moines, IA
North High School
School data provided by Great Schools
Frequently Asked Questions about Prospect Park
What type of rentals are currently available in Prospect Park?
There are currently 448 Apartments for Rent in Prospect Park, IA with pricing that ranges from $480 to $4,055. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $525 to $4,200.
What is the current price range for Rental Homes in Prospect Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $525 to $4,200 with an average monthly rent of $1,738.
How much are larger Three and Four Bedroom Rentals in Prospect Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Park range from $1,100 to $2,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,995. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $965.
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

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.

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.

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.

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.