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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
1
$1,250
Southern Horizon By Kading
7438 Meadow Lands Dr Des Moines, IA
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
1
$1,345
Recently Remodeled 3 Bedroom, Large Kitchen
3712 E Sheridan Ave Des Moines, IA
3 BR | Available Now
Contact
House
Storage
1
$1,035
36 Plex - Village Green Apartments
4532, 4534 & 4536 Douglas Avenue Des Moines, IA
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
6
$1,065
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
2
$995
1534 Woodland Ave
Des Moines, IA
2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Storage
Dishwasher
Sherman Hill
0
$895
University West Apartments
4010 University Ave Des Moines, IA
2 BR | Available Now
Contact
Cat Friendly
Surface Parking
Storage
Disability Access
Dishwasher
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
Drake
1
$1,095
1 Bedroom, 1 Bathroom Home Near Iowa State Fairgrounds
3220 E University Ave Des Moines, IA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$1,540
631, 639, 701 E Hughes
Des Moines, IA
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$950 - 975
Discounted Rent For The Month Of December - Immediate Move In!
1219 34th St Des Moines, IA
2 BR | Available Now
Contact
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
1
$795
739 17Th St
Des Moines, IA
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Storage
Disability Access
Dishwasher
1
$1,395
2406 Woodland Ave
Des Moines, IA
3 BR | Available Now
Contact
Dog Friendly
Dishwasher
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
Dishwasher
1
$1,200
701 Monona Ave
Des Moines, IA
2 BR | Available Now
Contact
1
$1,195
4823 NW Aurora Ave
Des Moines, IA
2 BR | Available Now
Contact
Dishwasher
1
$1,095
Move In Special! Beautifully Renovated East Side Home With 2+ Car Detached Garage!
1254 E 24th St Des Moines, IA
2 BR | Available Now
Contact
House
$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
24
$822 - 1,497
Harbach Lofts
300 SW 5th St Des Moines, IA
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
9
$995 - 1,050
Drake Terrace Apartments
1100 24th St Des Moines, IA
2 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
Dishwasher
Pool
41
$925 - 1,049
The Village at Gray's Lake Apartments - Des Moines
2270 Bell Ave Des Moines, IA
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
5
$695 - 1,495
The Fleming Building
218 6th Ave Des Moines, IA
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
5
$725
Capitol Heights
1424 E Walnut Des Moines, IA
1 BR | Available Now
Contact
Cat Friendly
Surface Parking
Storage
Capitol East
23
$885 - 1,139
The 4220 Grand Apartments
3.6
4220 Grand Avenue Des Moines, IA
2 BR | Jan. 16, 2026
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
10
$1,210
East 27th St
3807-3823, 4000 E 27th St. Des Moines, IA
3 BR | Jan. 2, 2026
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
9
$1,160
Park Avenue By Broadmoor
4400 Park Avenue Des Moines, IA
1 BR | Jan. 3, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
  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: January Rental Information

Welcome to the January 2026 Des Moines Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 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 15 30 45 60 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 >$1,600
This month, the typical cost to rent a one-bedroom apartment in Des Moines stands at $1,060, with the majority falling between $640 and $1,680. Out of the 2,753 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 January, 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 January M/M % Change
Des Moines, IA 6 +1.0%
Ankeny, IA 2 +0.62%
West Des Moines, IA 1 0.0%
Urbandale, IA 1 +0.5%
Van Meter, IA 1 +0.5%
Baxter, IA 1 +1.0%
Waukee, IA 1 +1.0%
Adel, IA 1 +1.0%
Clive, IA 1 +0.33%

Looking for Apartments Under $500 in Des Moines?

Available apartments under $500 52
Top amenities On Site Laundry, Refrigerator, Range / Oven, Microwave, High Speed Internet
Pet friendly 4
Utilities included 1
Studio 3
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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