Cheap Apartments for Rent in the Waterbury Neighborhood of Des Moines, IA from $500 (125 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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property at 1300 34th St

$825

2 Bedroom Rentals

Available Now

1300 34th St

Des MoinesIA50311

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.

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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.

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property at 1427 31st St

$839 - $1,150

2 Bedroom Rentals

Available Now

1427 31st St

Des MoinesIA50311
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3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
  • Utilities Included

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.

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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 Acacia priced from $647. 3119 Grand Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here are the most affordable Waterbury apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The AcaciaStudio - ClassicStudio,1BA$647
3119 Grand Ave2 Beds, 1 Baths2BR,1BA$675
The DrakeB31BR,1BA$695
Beaverdale Housing LLCStudioStudio,1BA$710
The View On Hickman0BR/1.0BAStudio,1BA$725
Grand Colony0 Bed 1 BathStudio,1BA$740
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$745
Hampton House ApartmentsStudioStudio,1BA$750
Imperial Grand PrixGrand Prix 1 Bedroom1BR,1BA$758
Park West ApartmentsStudioStudio,1BA$775

Best Value Apartments for Rent in Waterbury, IA

As of July 28, 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 3 Beds, 1 Baths Model at 4216 Ingersoll Ave starting at $1,235 with a $1.03 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
4216 Ingersoll Ave3 Beds, 1 Baths3BR,1BA$1.03
Alta Casa2 Bedroom2BR,1BA$1.10
Regency Woods2 Bed | 1.5 Bath2BR,1.5BA$1.03
Urban Green Apartments - Urbandale2 BD Oak2BR,1BA$0.97
Bennett Grand Woods Apartments2B1B2BR,1BA$1.13
Hickman OneModel A2BR,1BA$1.20
3119 Grand Ave2 Beds, 1 Baths2BR,1BA$0.90
Village on Grand2 B 1 B2BR,1BA$1.20
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99

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.

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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.

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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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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 $775.

What is the price of a cheap apartment in Waterbury?

The cheapest apartment in Waterbury is The Drake which is listed at $695, while the average apartment in Waterbury costs $1,550.

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 50 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 $224 which is $1,326 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.