
Cheap Homes for Rent in the Prospect Park Neighborhood of Des Moines, IA from $550 (23 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

732 19th St

1314 22nd St

1123 24th St

1108 25th St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1314 22nd St

1314 22nd St

1215 25th St

3905 8th St

1303 College Ave

1137 44th St

1206 39th St
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.

4009 University Ave, Unit 1

713 20th St

4009 University Ave, Unit 3

1809 Arlington Ave, Unit 3

1215 25th St, Unit 1

3840 15th St

1806 Jefferson Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1004 Arthur Ave

3514 3rd St, Unit 5
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 | $1,204 | $950 | $1,995 |
| Prospect Park 3 Bedroom Homes for Rent | $1,692 | $1,185 | $2,895 |
| Prospect Park 4 Bedroom Homes for Rent | $1,595 | $1,595 | $1,595 |
| Prospect Park 5 Bedroom Homes for Rent | $1,595 | $1,595 | $1,595 |
| Prospect Park 6 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Des Moines, IA.
Explore Des Moines
Prospect Park, Des Moines, IA Local Guide
- Nearby Des Moines neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 732 19th St priced from $550. Highland Park Apartments 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 |
|---|---|---|---|
| 732 19th St | 1 Beds, 1 Baths | 1BR,1BA | $550 |
| Highland Park Apartments | Standard 1 Bed | 1BR,1BA | $597 |
| Highland Park Manor | Standard 1 Bed | 1BR,1BA | $597 |
| Drake West Village | 4 Bed - 2 Bath | 4BR,2BA | $599 |
| 3309 University Ave | 0BR/1.0BA | Studio,1BA | $600 |
Best Value Apartments for Rent in Prospect Park, IA
As of August 29, 2026 the best value apartment in the Prospect Park area is the $1.10 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,350. The second greatest value Prospect Park apartment is the Model C Model at The Elmhurst starting at $865 with a $0.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.10 |
| The Elmhurst | Model C | 1BR,1BA | $0.96 |
| 713 20th St, Unit 1915-3 | 713 20th St | 2BR,1BA | $1.03 |
| 2820-2822 Kingman Blvd | 1 Beds, 1 Baths | 1BR,1BA | $0.99 |
| 722 18th St | 1x1 | 1BR,1BA | $1.21 |
| 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 |
| Douglas Oaks | 0BR/1.0BA | Studio ,1BA | $1.18 |
| 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 #27
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 445 Apartments for Rent in Prospect Park, IA with pricing that ranges from $480 to $3,705. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $550 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 $550 to $4,200 with an average monthly rent of $1,191.
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 $2,457, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $2,895. Four Bedroom Single-Family rentals are also available starting from $1,595 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.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.