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Apartments Under $500 in Des Moines, IA

1 - 3 of 3 Results
11
$ Ask - 1,010
Park Winds
3608 E. Douglas Avenue Des Moines, IA
2 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Income Restricted
Section 8
1
$470
Bloomsbury Village
1440-1450 E Grand Ave Des Moines, IA
1 BR | Ask for Availability
Contact
Income Restricted
Air Conditioning
Fitness Center
Dishwasher
Capitol East
1
$500
East Village Park Apartments
1400 E Walnut Street, #100 Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Capitol East
1 - 3 of 3 Results

All Apartments in Des Moines, IA

30 Results
1
$920
Fleur MHC, LLC
7301 Fleur Dr Des Moines, IA
2 BR | Available Now
Contact
House
Air Conditioning
Storage
Dishwasher
35
$1,100 - 1,425
915 Mulberry
Des Moines, IA
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
10
$815 - 920
Old Main Apartments
1217 24th St Des Moines, IA
Studio - 1 BR | Available Now
Contact
Cat Friendly
Section 8
Storage
Disability Access
Dishwasher
1
$975
One Month Free - Immediate Move In!
1219 34th St Des Moines, IA
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Woodland Heights
1
$2,250
Beautiful Furnished 2-bed, 2-bath Condo In The Heart Of Downtown Des Moines
301 400 Walnut St Des Moines, IA
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Surface Parking
Fitness Center
21
$1,125 - 1,550
Forest Ave - Luxury Off-campus Housing!
3103 Forest Ave Des Moines, IA
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Drake
0
$895
University West Apartments
4010 University Ave Des Moines, IA
2 BR | Available Now
Contact
Cat Friendly
Surface Parking
Storage
Disability Access
Dishwasher
6
$897 - 1,015
Recently Updated Apartments Near To Shopping, Dining, And Public Transportation
3000-3120 Douglas Ave Des Moines, IA
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Euclid Heights
3
$850
Renovated 1 Bedroom - Stellar Rent Specials
4671 NW 50th St Unit B Des Moines, IA
1 BR | Mar. 14, 2026
Contact
Dog Friendly
Cat Friendly
1
$1,200
701 Monona Ave
Des Moines, IA
2 BR | Available Now
Contact
3
$750
Renovated 1 Bedroom - Stellar Rent Specials
4671 NW 50th St Unit K Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
3
$1,125 - 1,600
Park Indy Rowhomes!
3130 Indianola Ave Des Moines, IA
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$775
711 Bancroft
711 Bancroft St Des Moines, IA
1 BR | Available Now
Contact
0
$1,295
2406 Woodland Ave
Des Moines, IA
2 BR | Available Now
Contact
Dog Friendly
Dishwasher
$1,200
703 Monona Ave
Des Moines, IA
2 BR | Available Now
Contact
$1,200
700 Monona Ave
Des Moines, IA
2 BR | Available Now
Contact
34
$935 - 1,408
Alley Landing
Deal
2715 Douglas Ave De Moines, IA
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
56
$860 - 1,145
The 31st Street Apartments
4.0
500 31st Street Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
55
$939 - 1,317
Westchester Square
5528 Meredith Drive Des Moines, IA
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
45
$763 - 1,223
The Village at Westchester
1.0
5413 Aurora Ave. Des Moines, IA
2 BR | Mar. 2, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
13
$731 - 1,228
The Aspen
1646 Hull Ave Des Moines, IA
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Fitness Center
Storage
20
$1,495
Grandview Meadows
4251-4358 Grandview Ave Des Moines, IA
3 BR | Apr. 10, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
16
$675
319 Franklin Ave
Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
River Bend
41
$789 - 1,389
Ingersoll Towers
3.0
3662 Ingersoll Ave. Des Moines, IA
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
16
$790 - 845
Pioneer Estates - Limited Time Offer Waived Application Fees And One Month Free W/ New 13 Month Leases!!!!
1204 Hartford Ave Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
7
$868 - 1,347
Market Place Lofts
312 Court Ave Des Moines, IA
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
39
$1,217 - 4,312
The Equitable Building
604 Locust Street Des Moines, IA
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
27
$825 - 950
Flats on 5th
7109 SE 5th St Des Moines, IA
1 - 2 BR | Available Now
Contact
Fitness Center
Dishwasher
Pool
Somerset
65
$1,299 - 1,688
Slate Age 55 Plus Active Community
Deal
400 SW 11th St Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Storage
80
$1,344 - 2,265
The Meridian
Deal
425 SW 11th St Des Moines, IA
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Dishwasher
  1. Home
  2. Des Moines
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Des Moines, IA on Rentable.co?

There are 3 apartments under $500 in Des Moines currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Des Moines?

Rentable.co has 4 studio apartments under $500 available for rent in Des Moines.

How many one-bedroom apartments under $500 are available in Des Moines?

Rentable.co has 36 one-bedroom apartments under $500 available for rent in Des Moines.

How many two-bedroom apartments under $500 are available in Des Moines?

Rentable.co has 12 two-bedroom apartments under $500 available for rent in Des Moines.

Can I afford a apartment under $500 in Des Moines, IA?

To comfortably afford a apartment under $500 in Des Moines based on average rent prices, a household would need an annual income of $20,000.

Which neighborhoods have the most apartments under $500 for rent in Des Moines, IA?

  1. Capitol East
  2. Somerset
  3. College
  4. Southridge
  5. Drake University

Apartments Under $500 in Des Moines, IA: February Rental Information

Welcome to the February 2026 Des Moines Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the Des Moines rental landscape.

Our experts analyze the inventory trends for apartments under $500 - overall market rent-distribution, availability by bedroom count, and month-over-month comparisons - in Des Moines and surrounding areas. This summary provides prospective renters with valuable insights into rent prices and availability for affordable apartments in Des Moines. Additionally, it offers information about the features, amenities, and location options for apartments under $500 in the area.
0 12 25 37 50 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 $1,600 $1,680
This month, the typical cost to rent a one-bedroom apartment in Des Moines stands at $1,050, with the majority falling between $620 and $1,740. Out of the 2,878 one-bedroom apartments currently on the market in Des Moines, 33 are priced below $500, accounting for 1% of the total available one-bedroom units in Des Moines.

Available Apartments Under $500: Des Moines vs. Surrounding Areas

Des Moines, IA
5
The chart above provides a snapshot of the number of available apartments under $500 in the Des Moines, IA metro area for the month of February, 2026. It includes data for Des Moines as well as several surrounding cities, such as Mitchellville, Granger, Bondurant, Urbandale, Carlisle, Van Meter, Norwalk, Waukee, Indianola, Clive, West Des Moines, Johnston, Pleasant Hill, Windsor Heights, Prairie City, Adel, Altoona, Ankeny, Baxter, Dallas Center, and Grimes. The chart shows the total inventory of apartments under $500 across the metro area, giving prospective renters an idea of the affordability and availability of rental units in this price range.

Apartments Under $500 Now vs. Last Month: Des Moines and Surrounding Areas

City Apartments Under $500 in February M/M % Change
Des Moines, IA 5 +1.03%
Ankeny, IA 3 +0.93%
West Des Moines, IA 2 +0.91%
Urbandale, IA 1 +1.14%
Baxter, IA 1 +1.0%
Waukee, IA 1 +1.0%
Adel, IA 1 +1.0%
Clive, IA 1 +1.17%
Granger, IA 0 +1.0%
Van Meter, IA 0 +1.5%

Looking for Apartments Under $500 in Des Moines?

Available apartments under $500 59
Top amenities On Site Laundry, Refrigerator, Range / Oven, Microwave, High Speed Internet
Pet friendly 4
Utilities included 1
Studio 4
1 Bedroom 3
2 Bedroom 1

Where are Des Moines Apartments Under $500?

Top Neighborhoods Capitol east, Somerset, College, Southridge, Drake university
Capitol East 2
Somerset 1
College 1
Southridge 1
Drake University 1
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