Cheap Apartments for Rent in the Waterbury Neighborhood of Des Moines, IA from $500 (98 Rentals)

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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.

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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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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.

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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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Drake Collection
1 to 3 Bedroom Apartments

Drake Collection

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

Eddy Apartments

1120 Polk BlvdDes Moines, IA 50311
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3607 Ingersoll Ave
Studio to 2 Bedroom Apartments

3607 Ingersoll Ave

3607 Ingersoll AveDes Moines, IA 50312
  • Utilities Included

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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University West
2 Bedroom Apartments

University West

4010 UniversityDes Moines, IA 50311
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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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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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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 Plymouth Place Retirement Community 62+ priced from $600. The View On Hickman 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
Plymouth Place Retirement Community 62+Studio - Retirement CommunityStudio,1BA$600
The View On HickmanNew Build Apartment Available for Immediate Mov...Studio,1BA$625
Lenox PropertiesGreenwood AStudio,1BA$635
The AcaciaStudio - ClassicStudio,1BA$647
Urban Heights0BR/1.0BAStudio,1BA$675
Cottage Heights on 29th1 Bedroom1BR,1BA$695
Hampton House ApartmentsStudioStudio,1BA$699
Beaverdale Housing LLCStudioStudio,1BA$710

Best Value Apartments for Rent in Waterbury, IA

As of April 28, 2026 the best value apartment in the Waterbury area is the $0.75 price per square foot 2 BR/ 1 BA Model at 3612 Ingersoll Ave in the in the Southwest Des Moines neighborhood starting from $1,200. The second greatest value Waterbury apartment is the 2 Bedroom 1.5 Bath Model at Normandy Terrace Apartments starting at $900 with a $0.60 price per square foot in the Golf & Country Club 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.
3612 Ingersoll Ave2 BR/ 1 BA2BR,1BA$0.75
Normandy Terrace Apartments2 Bedroom 1.5 Bath2BR,1.5BA$0.60
3000 Grand Apartments3 Bed | 2 Bath3BR,2BA$1.02
560 29th St560 29th St2BR,1BA$0.98
River Oaks Apartments3 Bedroom 2 Bathroom3BR,2BA$1.20
Urban Green Apartments - Urbandale2 BD Oak2BR,1BA$1.02
Clover HillsB1 Renovated2BR,1.5BA$1.06
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
2915 Cottage Grove Ave, Unit 22915 Cottage Grove Ave1BR,1BA$1.15

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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.

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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

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 $710.

What is the price of a cheap apartment in Waterbury?

The cheapest apartment in Waterbury is Plymouth Place Retirement Community 62+ which is listed at $640, while the average apartment in Waterbury costs $1,405.

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 55 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 $248 which is $1,157 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.