Des Moines, IA Rental Market Trends

Highlights

The average rent for an apartment in Des Moines is $906, a 2% increase compared to the previous year.

Average Rent in Des Moines, IA

Last updated September 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$906	2%	761 sq. ft.

The average size for a Des Moines, IA apartment is 761 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-$70022%
$701-$1,00050%
$1,001-$1,50021%
$1,501-$2,0005%
> $2,0001%

Des Moines, IA Occupied Housing Units

Renter-occupied Households42%
Owner-occupied Households57%

35,343 or 42% of the households in Des Moines, IA are renter-occupied while 48,573 or 57% are owner-occupied.

Des Moines, IA Rent Trends

Average Rent	Jul / 2016	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Sep / 2019
Des Moines, IA	$798	$825	$868	$880	$886	$887	$892	$895	$897	$906
National	$1,342	$1,350	$1,346	$1,378	$1,380	$1,383	$1,418	$1,427	$1,431	$1,466

Average Rent in Des Moines, IA By Neighborhood

Neighborhood	Average Rent
Oak Park	$576
Union Park	$633
Highland Park	$633
Martin Luther King Jr. Park	$657
Capitol Park	$657
Capitol East	$657
River Woods	$714
Pioneer Park	$714
Hillsboro Estates	$714
Ewing Woods - Evergreen	$714
Easter Lake Area	$714
Fairmont Park	$730
Eastern Des Moines	$745
Douglas Acres	$756
Woodland Heights	$763
Westwood	$763
Waterbury	$763
Salisbury Oaks	$763
North of Grand	$763
Linden Heights	$763
Ingersoll Park	$763
Greenwood Historic	$763
Prospect Park	$769
Meredith	$769
Martin - Hickman	$769
Lower Beaver	$769
Beaverdale	$769
Watrous South	$773
South Park	$773
Somerset	$773
McKinley School - Columbus Park	$773
Magnolia Park	$773
Indianola Hills	$773
Grays Lake	$773
Fort Des Moines	$773
South Des Moines	$773
Southwestern Hills	$785
Valley High Manor	$790
Sheridan Gardens	$790
North Des Moines	$790
Laurel Hill	$790
Grays Woods	$790
Fairground	$790
Brook Run	$790
Accent	$790
Drake	$813
Waveland Park	$834
Merle Hay	$838
Waveland Woods	$857
Sherman Hill	$1,156
Historic East Village	$1,156
Downtown Des Moines	$1,156

The most affordable neighborhoods in Des Moines are Oak Park, where the average rent goes for $576/month, Highland Park, where renters pay $633/mo on average, and Union Park, where the average rent goes for $633/mo. If you’re looking for other great deals, check out the listings from Capitol East ($657), Capitol Park ($657), and Martin Luther King Jr. Park ($657), where the asking prices are below the average Des Moines rent of $906/mo.

The most expensive neighborhoods in Des Moines are Downtown Des Moines ($1,156), Historic East Village ($1,156) and Sherman Hill ($1,156).

Des Moines | Rent Comparison by Neighborhood

Rent in Accent is 3% higher than in Beaverdale

$790

Accent rent is 13% lower than Des Moines average

Average Rent	$790

$769

Beaverdale rent is 15% lower than Des Moines average

Average Rent	$769

How Does Des Moines Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Des Moines	$906	2%
West Des Moines	$994	3%
Urbandale	$860	2%
Ankeny	$1,119	2%
Altoona	$957	10%
Grimes	$900	-9%
Johnston	$1,096	-1%
Pleasant Hill	$815	8%
Bondurant	$949	10%
Clive	$908	10%

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

Cheapest Listings on RENTCafé

Most Expensive Listings on RENTCafé

View more properties

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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.