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Apartments for Rent in Des Moines, IA under $700 – 25 Rentals available

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Des Moines’s average rent reached $920 in April

Des Moines’s average rent reached $920 in April, after a 2% increase since last year. A major midwestern job hub with a 38% renter share, Des Moines is a desirable place to live and work in, with apartment prices below the national average of $1,417. [View Full Report]

Des Moines City apartment rent report

Des Moines’s average rent was $920 in April

Des Moines’s average rent reached $920 in April, after a 2% increase since last year. A major midwestern job hub with a 38% renter share, Des Moines is a desirable place to live and work in, with apartment prices below the national average of $1,417.

The average rent for an apartment in Des Moines rose faster than in other surrounding cities, such as West Des Moines ($1,011), where prices went up by 1.5%. Meanwhile, apartment rates in Ankeny stagnated at $1,089.

Des Moines apartment rent report

What it costs to rent in the Des Moines metro area

Urbandale rentals are the most budget-friendly option in the Des Moines area, with an average price of $874 (up 1.7% in the past year). Des Moines rates come in second, followed by West Des Moines, where the average rent reached $1,011 in April, after a 1.5% rise.

Meanwhile, Johnston is the priciest city for renters in the Des Moines area. Apartments here go for $1,170 on average, after a 3.7% yearly increase.

Des Moines apartment rents in popular ZIP codes for renters

Among Des Moines's most popular renter ZIP codes, 50309 has a $1,144 average rent, above the city average ($920). At the same time, rentals in ZIP 50315 go for $782, while prices in ZIP 50310 circle around $795. Apartment rents in ZIP 50320 clock in at around $736, lower than the Des Moines average, while rates in ZIP 50321 average at $839.

Check out how average rents evolved across the Des Moines area

Des Moines apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Des Moines, IA Demographics

  • Total Population215,636
  • Female 106,316
    Male 109,320
  • Median Age34.2

Average Rent in Des Moines, IA

  • Des Moines, IA Average Rental Price, May 2021 $929 /mo

    Des Moines, IA Apartment Rent Ranges

    • < $5001%
    • $501-$70016%
    • $701-$1,00055%
    • $1,001-$1,50021%
    • $1,501-$2,0006%
    • > $2,0001%

    Des Moines, IA Rent Trends

    Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
    Des Moines, IA $887 $892 $895 $897 $901 $894 $905 $902 $920 $915 $929
    National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
    /

    Check out the average rent prices in Des Moines by neighborhood.

    Des Moines, IA Households

    • Total Number of Households85,833
    • Family 48,393
      Non-family 37,440
    • Children 26,235
      No Children 59,598
    • Average People Per Household2.45
    • Median Household Income$53,525
    • Median Housing Costs Per Month$942

    Des Moines, IA Education Statistics

    • No High School6%
    • Some High School37%
    • Some College25%
    • Associate Degree8%
    • Bachelor Degree17%
    • Graduate Degree7%

    Renting apartments in Des Moines, IA under $700

    Searching for apartments for rent in Des Moines, IA under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Des Moines, IA, where the average rent is $701 per month, there are 25 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

    We’ll help you find the cheapest rental near you

    Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Des Moines, IA. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Des Moines, IA going for $585 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!