Cheap Homes for Rent in Prospect Park Neighborhood of Des Moines, IA from $400 (21 Rentals)

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Search the lowest-cost Homes 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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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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Showing Results 1-21, Page 1 of 1

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 Northtown Apartments priced from $595. 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 ListingModel NameBed/BathPriced From
Northtown ApartmentsStudioStudio,1BA$595
Highland Park ApartmentsStandard 1 Bed1BR,1BA$597
Highland Park Apartments (DSM)Standard 1 Bed1BR,1BA$597
Village GreenStudioStudio,1BA$600
Clover Creek0/1 - ClassicStudio,1BA$611

Best Value Apartments for Rent in Prospect Park, IA

As of January 13, 2026 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
1171 21st St, Unit I1171 21st St2BR,1BA$1.12
1215 23rd St, Unit 1215 23RD apt #31215 23rd St2BR,1BA$0.80
Alley LandingTwo Bedroom2BR,1BA$1.09
Skyloft Apartments2BR/1.0BA2BR,1BA$1.06
Discover Modern Comfort at Welbeck Apartments ~ Rent SpecialLegacy 2Br/1Ba2BR,1BA$1.06
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
Douglas Oaks0BR/1.0BAStudio ,1BA$1.18

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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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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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

Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 437 Apartments for Rent in Prospect Park, IA with pricing that ranges from $575 to $2,795. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $450 to $3,095.

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 $450 to $3,095 with an average monthly rent of $1,225.

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 $2,621, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,145 to $3,095. 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

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.