Cheap Apartments for Rent in the Waterbury Neighborhood of Des Moines, IA from $400 (80 Rentals)

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

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

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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Drake Collection
1 to 3 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311
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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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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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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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Roosevelt Manor
2 Bedroom Apartments

Roosevelt Manor

4223 Chamberlain DrDes 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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3519 University Ave
1 to 2 Bedroom Apartments

3519 University Ave

3519 University AveDes Moines, IA 50311
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University Park Place
Studio to 2 Bedroom Apartments

University Park Place

3725-3727 University AveDes Moines, IA 50311
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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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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. 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
Urban Heights0BR/1.0BAStudio,1BA$599
The View On Hickman0BR/1.0BAStudio,1BA$625
The AcaciaStudio - ClassicStudio,1BA$647
Lenox PropertiesGreenwood AStudio,1BA$650
River Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Hampton House ApartmentsStudioStudio,1BA$699
Beaverdale Housing LLCStudioStudio,1BA$710
The Drake ApartmentsB11BR,1BA$775
Bennett Grand Woods Apartments1B1B1BR,1BA$790

Best Value Apartments for Rent in Waterbury, IA

As of January 04, 2026 the best value apartment in the Waterbury area is the $0.70 price per square foot 2 BR/ 1 BA Model at 3612 Ingersoll Ave in the in the Southwest Des Moines neighborhood starting from $1,125. 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$0.70
Normandy Terrace Apartments2 Bedroom 1.5 Bath2BR,1.5BA$0.60
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
Park West Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$0.99
Hamilton ApartmentsOne Bedroom1BR,1BA$0.84
Ingersoll TowersAshworth2BR,1BA$0.94
Urban Green Apartments - Urbandale2 BD Oak2BR,1BA$1.02
The 31st Street ApartmentsOne Bedroom + Den1BR,1BA$1.00
Skyloft Apartments2BR/1.0BA2BR,1BA$1.06
River Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.07

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 $790.

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 $1,370.

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 52 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 $251 which is $1,119 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

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.