Des Moines, IA Rental Market Trends

Highlights

The average rent for an apartment in Des Moines is $884, a 2% increase compared to the previous year, when the average rent was $866.

Average Rent in Des Moines, IA

Last updated Jun 2019
Average Rent Y-o-Y Change Average Apartment Size
$884 2% 723 sq. ft.

The average size for a Des Moines, IA apartment is 723 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Des Moines, IA Apartment Rent Ranges

  • < $5001%
  • $501-$70029%
  • $701-$1,00044%
  • $1,001-$1,50021%
  • $1,501-$2,0004%
  • > $2,0001%

Des Moines, IA Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Jun / 2019
Des Moines, IA $794 $798 $825 $859 $872 $866 $876 $877 $884
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Des Moines, IA By Neighborhood

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The most affordable neighborhoods in Des Moines are Oak Park, where the average rent goes for $587/month, Highland Park, where renters pay $631/mo on average, and Union Park, where the average rent goes for $631/mo. If you’re looking for other great deals, check out the listings from Capitol East ($650), Capitol Park ($650), and Martin Luther King Jr. Park ($650), where the asking prices are below the average Des Moines rent of $884/mo.

The most expensive neighborhoods in Des Moines are Downtown Des Moines ($1,140), Historic East Village ($1,140) and Sherman Hill ($1,140).

Des Moines | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Accent is 1% lower than in Beaverdale

$745

Accent rent is 16% lower than Des Moines average

Average Rent $745
$756

Beaverdale rent is 14% lower than Des Moines average

Average Rent $756

How Does Des Moines Compare to Nearby Cities

Average Rent Y-o-Y Change
Des Moines $884 2%
West Des Moines $968 n/a
Urbandale $839 2%
Ankeny $1,106 4%
Altoona $916 5%
Johnston $1,094 -2%
Grimes $991 3%
Pleasant Hill $750 1%
Windsor Heights $907 -1%
Bondurant $909 5%

For more information about the Des Moines rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Des Moines apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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