Cheap Homes for Rent in Prospect Park Neighborhood of Des Moines, IA from $500 (20 Rentals)

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

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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 Clover Creek priced from $547. Highland Park Apartments (DSM) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $547. Here are the most affordable Prospect Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Clover Creek0/1Studio,1BA$547
Highland Park Apartments (DSM)Standard 1 Bed1BR,1BA$547
Northtown ApartmentsStudioStudio,1BA$595
Village GreenStudioStudio,1BA$600
Riverview Oaks ApartmentsStudioStudio,1BA$625

Best Value Apartments for Rent in Prospect Park, IA

As of July 31, 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
JK Sully10752BR/1.0BA2BR,1BA$0.99
Skyloft Apartments2BR/1.0BA2BR,1BA$1.09
Discover Modern Comfort at Welbeck ApartmentsUpgraded 2 BR/1Ba2BR,1BA$1.19
Kingman Gardens2BR2BR,1BA$1.13
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
Alley LandingOne Bedroom1BR,1BA$1.22
Riverview Oaks ApartmentsStudioStudio ,1BA$1.14
The Drake ApartmentsB31BR,1BA$1.25

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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 $547 to $4,000. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $560 to $2,200.

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 $560 to $2,200 with an average monthly rent of $1,433.

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 $2,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,645 and Four Bedroom Apartments start at $965.

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.

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A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.