
Cheap Homes for Rent in Prospect Park Neighborhood of Des Moines, IA from $400 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Des Moines.


3419 1st St

3916 9th St

3916 9th St

229 College Ave
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.

1108 25th St

1217 24th St

1314 22nd St

3835 Boston Ave

2120 23rd St
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.

2120 23rd St

1964 Arlington Ave

2118 23rd St

1312 22nd St

1805 Arlington Ave
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.

4010 University

200 Grand Ave
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 | $1,380 | $850 | $2,100 |
| Prospect Park 3 Bedroom Homes for Rent | $1,691 | $1,495 | $2,300 |
| Prospect Park 4 Bedroom Homes for Rent | $1,747 | $1,395 | $2,300 |
| Prospect Park 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
| Prospect Park 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Des Moines, IA.
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Prospect Park, Des Moines, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northtown Apartments | Studio | Studio,1BA | $595 |
| Highland Park Apartments | Standard 1 Bed | 1BR,1BA | $597 |
| Highland Park Apartments (DSM) | Standard 1 Bed | 1BR,1BA | $597 |
| Village Green | Studio | Studio,1BA | $600 |
| Douglas Oaks | 0BR/1.0BA | Studio,1BA | $650 |
Best Value Apartments for Rent in Prospect Park, IA
As of February 27, 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 1215 23rd St Model at 1215 23rd St, Unit 1215 23RD apt #3 starting at $795 with a $0.80 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Elmhurst | Model A | 2BR,2BA | $1.00 |
| 1215 23rd St, Unit 1215 23RD apt #3 | 1215 23rd St | 2BR,1BA | $0.80 |
| Alley Landing | Two Bedroom | 2BR,1BA | $1.09 |
| Clover Creek | 2/1.5 - Classic | 2BR,1.5BA | $0.94 |
| 1604 16th St, Unit Apt 2 | 1604 16th St | 2BR,1BA | $0.92 |
| Skyloft Apartments | 2BR/1.0BA | 2BR,1BA | $1.08 |
| Discover Modern Comfort at Welbeck Apartments ~ Rent Special | Legacy 2Br/1Ba | 2BR,1BA | $1.06 |
| Highland Park Apartments | Deluxe 1 Bed | 1BR,1BA | $0.95 |
| Highland Park Apartments (DSM) | Deluxe 1 Bed | 1BR,1BA | $0.95 |
| Riverview Oaks Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.07 |
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 ArticleThe 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.
Read ArticleCash 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.
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 #29
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 442 Apartments for Rent in Prospect Park, IA with pricing that ranges from $500 to $2,750. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $450 to $4,000.
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 $4,000 with an average monthly rent of $1,766.
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 $2,549, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,395 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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.