Cheap Apartments for Rent in the Waterbury Neighborhood of Des Moines, IA from $500 (66 Rentals)

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

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.

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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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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Ingersoll Park
Studio to 1 Bedroom Apartments

Ingersoll Park

4906 Ingersoll AveDes Moines, IA 50312
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Ingersoll Park Studios
Studio to 1 Bedroom Apartments

Ingersoll Park Studios

3323 Ingersoll AveDes Moines, IA 50312
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Drake Collection
1 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311

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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Lenox Properties
Studio to 2 Bedroom Apartments

Lenox Properties

4215 Grand AveDes Moines, IA 50312
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Grand Terrace
Studio to 2 Bedroom Apartments

Grand Terrace

2917 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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Grand Colony Apartments
Studio to 1 Bedroom Apartments

Grand Colony Apartments

2824 Grand AveDes Moines, IA 50312
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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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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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4010 University
2 Bedroom Apartments

4010 University

4010 UniversityDes Moines, IA 50311
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3612 Ingersoll Ave
1 to 2 Bedroom Apartments

3612 Ingersoll Ave

3612 Ingersoll AveDes Moines, IA 50312
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4314 University Ave
1 Bedroom Apartments

4314 University Ave

4314 University AveDes Moines, IA 50311
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University Park Place
2 Bedroom Apartments

University Park Place

3725-3727 University AveDes Moines, IA 50311
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5008 Ingersoll Ave
2 Bedroom Apartments

5008 Ingersoll Ave

5008 Ingersoll AveDes Moines, IA 50312
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543 53rd St
1 Bedroom Apartments

543 53rd St

543 53rd StDes Moines, IA 50312

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 Urban Heights priced from $599. Ingersoll Park Studios has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Waterbury apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Urban Heights0BR/1.0BAStudio,1BA$599
Ingersoll Park Studios0BR/1.0BAStudio,1BA$625
Ingersoll Park Studio Apartments 3607StudioStudio,1BA$625
Park West ApartmentsStudioStudio,1BA$685
Hampton House ApartmentsStudioStudio,1BA$699
The View On Hickman0BR/1.0BAStudio,1BA$699
Beaverdale Housing LLCStudioStudio,1BA$710
Grand Colony ApartmentsStudioStudio,1BA$725
Windsor Terrace ApartmentsStudioStudio,1BA$725
The Drake1 Bedroom 1 Bathroom1BR,1BA$730

Best Value Apartments for Rent in Waterbury, IA

As of July 01, 2025 the best value apartment in the Waterbury area is the $0.82 price per square foot 2 bed Model at 2813 Cottage Grove Ave in the in the Drake Park neighborhood starting from $900. The second greatest value Waterbury apartment is the 2107 52nd St Model at 2107 52nd St, Unit 2017 starting at $1,150 with a $1.15 price per square foot in the Merle Hay 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.
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
2107 52nd St, Unit 20172107 52nd St2BR,1.5BA$1.15
Hamilton ApartmentsOne Bedroom1BR,1BA$0.84
Urban Green Apartments - Urbandale2 BD Oak2BR,1BA$0.99
The 4220 Grand ApartmentsTwo Bedroom Large2BR,1.5BA$0.98
Harsunvest HKM - 5902-5906 Hickman Rd2BR/1.0BA2BR,1BA$1.03
Nelson LLC2BR/1.0BA2BR,1BA$1.03
Village on Grand1 B 1 B1BR,1BA$1.21
Four Seasons Apartments1BR/1BA1BR,1BA$1.19
The Drake1 Bedroom 1 Bathroom1BR,1BA$1.17

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
Waterbury, Des Moines, IA

Ranked #30

Among neighborhoods in Des Moines, IA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Waterbury Neighborhood in Des Moines, IA

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

25 / 100

Some Transit

A few nearby public transportation options

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 $730.

What is the price of a cheap apartment in Waterbury?

The cheapest apartment in Waterbury is Ingersoll Park Studio Apartments 3607 which is listed at $700, while the average apartment in Waterbury costs $1,195.

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 26 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 $255 which is $940 cheaper than the average rent for all rentals in Waterbury.

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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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.

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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.