Cheap Apartments for Rent in the Waterbury Neighborhood of Des Moines, IA from $300 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterbury area of Des Moines.

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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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3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
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The Winona
1 to 2 Bedroom Apartments

The Winona

527 40th StDes Moines, IA 50312
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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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Drake Collection
1 to 3 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311
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Ingersoll Park
Studio to 1 Bedroom Apartments

Ingersoll Park

4906 Ingersoll AveDes Moines, IA 50312
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The Eddy
Studio to 2 Bedroom Apartments

The Eddy

1120 Polk BlvdDes Moines, IA 50311
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Grand Terrace
Studio to 2 Bedroom Apartments

Grand Terrace

2917 Grand AveDes Moines, IA 50312
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University West
2 Bedroom Apartments

University West

4010 UniversityDes Moines, IA 50311
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Grand Colony Apartments
Studio to 1 Bedroom Apartments

Grand Colony Apartments

2824 Grand AveDes Moines, IA 50312
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Hickman House
1 to 2 Bedroom Apartments

Hickman House

2221 63rd StDes Moines, IA 50322
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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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Grand Prix Apartments
Studio to 1 Bedroom Apartments

Grand Prix Apartments

3205 Grand AveDes Moines, IA 50312
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Roosevelt Manor
2 Bedroom Apartments

Roosevelt Manor

4223 Chamberlain DrDes Moines, IA 50312
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1069 33rd St
1 to 2 Bedroom Apartments

1069 33rd St

1069 33rd StDes Moines, IA 50311
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JK Sully1075
2 Bedroom Apartments

JK Sully1075

1075 33rd StDes Moines, IA 50311
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4314 University Ave
1 Bedroom Apartments

4314 University Ave

4314 University AveDes Moines, IA 50311
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Navigating the Rental Market: Tips for First-Time Renters

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Waterbury, Des Moines, IA Local Guide

Cheapest Available Waterbury Apartments for Rent

 

The cheapest available apartment rental in the Waterbury area of Des Moines, IA is a Studio unit found at The View On Hickman priced from $625. Lenox Properties has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here are the most affordable Waterbury apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The View On HickmanNew Build Apartment Available for Immediate Mov...Studio,1BA$625
Lenox PropertiesGreenwood AStudio,1BA$635
The AcaciaStudio - ClassicStudio,1BA$647
Ingersoll Park Studio Apartments 3607StudioStudio,1BA$675
Urban Heights0BR/1.0BAStudio,1BA$675
River Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Hampton House ApartmentsStudioStudio,1BA$699
Beaverdale Housing LLCStudioStudio,1BA$710
Franklin Court Apartments1 Bedroom COZY COTTAGE1BR,1BA$750

Best Value Apartments for Rent in Waterbury, IA

As of March 14, 2026 the best value apartment in the Waterbury area is the $0.60 price per square foot 2 Bedroom 1.5 Bath Model at Normandy Terrace Apartments in the in the Maplenol Heights neighborhood starting from $900. The second greatest value Waterbury apartment is the 3 Bed | 2 Bath Model at 3000 Grand Apartments starting at $1,405 with a $1.02 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for Waterbury apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Normandy Terrace Apartments2 Bedroom 1.5 Bath2BR,1.5BA$0.60
3000 Grand Apartments3 Bed | 2 Bath3BR,2BA$1.02
Ingersoll TowersDrake3BR,2BA$0.83
560 29th St560 29th St2BR,1BA$0.98
The 31st Street ApartmentsOne Bedroom + Den1BR,1BA$0.96
Urban Green Apartments - Urbandale1 BR Oak1BR,1BA$1.12
Hickman Hill Apartments HEAT & WATER INCLUDED1 Bedroom- Call for Specials1BR,1BA$1.11
1136 1/2 68th St, Unit 1136 121136 1/2 68th St1BR,1BA$0.99
Olde English Village1 Bed | 1 Bath | 662 sq ft1BR,1BA$1.20
River Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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

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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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Best Local Schools in
Waterbury, Des Moines, IA

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Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Iowa and customized analysis for Western Des Moines, IA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Waterbury Apartments

What is a cheap apartment in Waterbury?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterbury is under $750.

What is the price of a cheap apartment in Waterbury?

The cheapest apartment in Waterbury is River Oaks Apartments which is listed at $695, while the average apartment in Waterbury costs $1,155.

What types of apartments are the cheapest in Waterbury?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 54 regular apartments in Waterbury that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waterbury?

Cheap apartments in Waterbury have an average cost of $324 which is $831 cheaper than the average rent for all rentals in Waterbury.

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

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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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.

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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.

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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.