Cheap Homes for Rent in the Waterbury Neighborhood of Des Moines, IA from $500 (23 Rentals)

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Search the lowest-cost Homes 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.

property at 901 41st St

$995

2 Bedroom, 1 Bath Rentals

Available Now

901 41st St

Des MoinesIA50312
property at 1617 34th St

$1,075

2 Bedroom, 1 Bath Rentals

Available Now

1617 34th St

Des MoinesIA50310

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.

property at 1829 48th St

$1,200

1 Bedroom, 1 Bath Rentals

Available Now

1829 48th St

Des MoinesIA50310
property at 1525 32nd St

$1,220

2 Bedroom, 1 Bath Rentals

Available Now

1525 32nd St

Des MoinesIA50311
property at 232 1st St

$1,248

2 Bedroom, 1 Bath Rentals

Available Now

232 1st St

West Des MoinesIA50265
property at 1144 Polk Blvd

$1,250

2 Bedroom, 1 Bath Rentals

Available Now

1144 Polk Blvd

Des MoinesIA50311

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.

property at 228 1st St

$1,298

2 Bedroom, 1 Bath Rentals

Available Now

228 1st St

West Des MoinesIA50265
property at 2002 63rd St

$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

2002 63rd St

Windsor HeightsIA50324

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
The DrakeB31BR,1BA$695
Lenox PropertiesDrake B1BR,1BA$695
Beaverdale Housing LLCStudioStudio,1BA$710

Best Value Apartments for Rent in Waterbury, IA

As of July 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
River Oaks Apartments3 Bedroom 2 Bathroom3BR,2BA$1.15
560 29th St560 29th St2BR,1BA$0.98
Bennett Grand Woods ApartmentsAB-2B1B2BR,1BA$1.22
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.

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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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Frequently Asked Questions about Waterbury

What type of rentals are currently available in Waterbury?

There are currently 310 Apartments for Rent in Waterbury, IA with pricing that ranges from $595 to $2,584. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterbury ranging from $525 to $1,995.

What is the current price range for Rental Homes in Waterbury?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterbury ranges from $525 to $1,995 with an average monthly rent of $1,219.

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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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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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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.