Cheap Homes for Rent in Prospect Park Neighborhood of Des Moines, IA from $600 (20 Rentals)

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

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.

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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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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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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 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 ListingModel NameBed/BathPriced From
Highland Park ApartmentsStandard 1 Bed1BR,1BA$597
Highland Park ManorStandard 1 Bed1BR,1BA$597
Village GreenStudioStudio,1BA$600
The Concord BuildingStudioStudio,1BA$630
Douglas Oaks0BR/1.0BAStudio,1BA$650

Best Value Apartments for Rent in Prospect Park, IA

As of May 29, 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 Model A Model at The Elmhurst starting at $1,300 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.14
The ElmhurstModel A2BR,2BA$1.00
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
Northtown Apartments2 Bedroom 1 Bathroom2BR,1BA$0.92
Discover Modern Comfort at Welbeck Apartments ~ Rent SpecialUpgraded 2 BR/1Ba2BR,1BA$1.13
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
Highland Park ApartmentsStandard 1 Bed1BR,1BA$1.09
Highland Park ManorStandard 1 Bed1BR,1BA$1.09
Douglas Oaks0BR/1.0BAStudio ,1BA$1.18
The Concord BuildingStudioStudio ,1BA$1.20

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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Real 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.

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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 #29

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 436 Apartments for Rent in Prospect Park, IA with pricing that ranges from $480 to $4,055. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $625 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 $625 to $4,200 with an average monthly rent of $1,670.

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 $2,673, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,300 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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.