Cheap Apartments for Rent in the Waterbury Neighborhood of Des Moines, IA from $500 (100 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Waterbury 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.

Read Article

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.

Read Article

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.

Read Article
property at 1424 Beaver Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

1424 Beaver Ave

Des MoinesIA50311
close
View Me
3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
  • Utilities Included
close
View Me
The Winona
1 to 2 Bedroom Apartments

The Winona

527 40th StDes Moines, IA 50312
  • Utilities Included
close
View Me
Ingersoll Park
Studio to 1 Bedroom Apartments

Ingersoll Park

4906 Ingersoll AveDes Moines, IA 50312
close
View Me
Drake Collection
1 to 3 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311
close
View Me
Eddy Apartments
Studio to 2 Bedroom Apartments

Eddy Apartments

1120 Polk BlvdDes Moines, IA 50311

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.

Read Article
close
View Me
3607 Ingersoll Ave
Studio to 2 Bedroom Apartments

3607 Ingersoll Ave

3607 Ingersoll AveDes Moines, IA 50312
  • Utilities Included
close
View Me
1110 29th St
1 to 2 Bedroom Apartments

1110 29th St

1110 29th StDes Moines, IA 50311
close
View Me
University West
2 Bedroom Apartments

University West

4010 UniversityDes Moines, IA 50311
  • Utilities Included
close
View Me
Hickman House
1 to 2 Bedroom Apartments

Hickman House

2221 63rd StDes Moines, IA 50322
  • Utilities Included
close
View Me
Grand Prix Apartments
Studio to 1 Bedroom Apartments

Grand Prix Apartments

3205 Grand AveDes Moines, IA 50312
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-50, Page 1 of 2

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 Acacia priced from $647. Urban Heights has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Waterbury apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The AcaciaStudio - ClassicStudio,1BA$647
Urban Heights0BR/1.0BAStudio,1BA$650
Grand Colony0 Bed 1 BathStudio,1BA$665
Lenox PropertiesDrake B1BR,1BA$695
Hampton House ApartmentsStudioStudio,1BA$700
Park West ApartmentsStudioStudio,1BA$700
Beaverdale Housing LLCStudioStudio,1BA$710
The View On Hickman0BR/1.0BAStudio,1BA$725
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$745

Best Value Apartments for Rent in Waterbury, IA

As of June 12, 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 Golf & Country Club neighborhood starting from $900. The second greatest value Waterbury apartment is the 2 Bedroom Model at Alta Casa starting at $1,195 with a $1.14 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
Alta Casa2 Bedroom2BR,1BA$1.14
Regency Woods2 Bed + Sunroom | 1.5 Bath2BR,1.5BA$1.00
River Oaks Apartments3 Bedroom 2 Bathroom3BR,2BA$1.15
Bennett Grand Woods ApartmentsAB-2B1B2BR,1BA$1.14
Urban Green Apartments - Urbandale2 BD Oak2BR,1BA$0.97
Hickman OneModel A2BR,1BA$1.20
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99
Hickman Hill Apartments HEAT & WATER INCLUDED1 Bedroom - FURNISHED1BR,1BA$1.22
Village on Grand1 B 1 B1BR,1BA$1.21

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Waterbury, Des Moines, IA

School data provided by Great Schools

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 $745.

What is the price of a cheap apartment in Waterbury?

The cheapest apartment in Waterbury is Lenox Properties which is listed at $695, while the average apartment in Waterbury costs $1,175.

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 51 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 $270 which is $905 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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.