Cheap Homes for Rent in Prospect Park Neighborhood of Des Moines, IA from $600 (22 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 (DSM) priced from $547. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Prospect Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Highland Park Apartments (DSM)Standard 1 Bed1BR,1BA$547
Village GreenStudioStudio,1BA$600
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$675
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Delester- 811 16th St.1BR/1.0BA1BR,1BA$695

Best Value Apartments for Rent in Prospect Park, IA

As of June 03, 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
The Birch (Douglas Terrace)Classic 2-Bed2BR,1BA$0.94
1818 Pleasant St, Unit 18181818 Pleasant St2BR,1BA$1.06
Delester- 811 16th St.1BR/1.0BA1BR,1BA$0.93
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
The Drake1 Bedroom 1 Bathroom1BR,1BA$1.17
The Flats on 21st1 Bedroom1BR,1BA$1.16
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$1.17

Quick Rent Budget Calculator

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 431 Apartments for Rent in Prospect Park, IA with pricing that ranges from $450 to $29,970. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $695 to $2,700.

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 $695 to $2,700 with an average monthly rent of $1,382.

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 $3,304, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,995. 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.

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

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.