Des Moines, IA Rental Market Trends
What is the average rent in Des Moines?
The average rent for an apartment in Des Moines is $929, a 3% increase compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Des Moines, IA.
Average Rent in Des Moines, IA
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$929||3%||758 sq. ft.|
What is the average apartment size in Des Moines?
The average size for a Des Moines, IA apartment is 758 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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%
- > $2,0001%
Des Moines, IA Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
37,440 or 43% of the households in Des Moines, IA are renter-occupied while 48,393 or 56% are owner-occupied.
Des Moines, IA Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||May / 2021|
Average Rent in Des Moines, IA By Neighborhood
|Downtown Des Moines||$1,136|
|Historic East Village||$1,136|
|North of Grand||$859|
|Fort Des Moines||$782|
|McKinley School - Columbus Park||$782|
|Martin - Hickman||$775|
|North Des Moines||$770|
|Valley High Manor||$770|
|South Des Moines||$769|
|Eastern Des Moines||$752|
|Easter Lake Area||$740|
|Ewing Woods - Evergreen||$740|
|Martin Luther King Jr. Park||$660|
What are the most affordable neighborhoods in Des Moines?
The most affordable neighborhoods in Des Moines are Oak Park, where the average rent goes for $599/month, Highland Park, where renters pay $642/mo on average, and Union Park, where the average rent goes for $642/mo. If you’re looking for other great deals, check out the listings from Capitol East ($660), Capitol Park ($660), and Martin Luther King Jr. Park ($660), where the asking prices are below the average Des Moines rent of $929/mo.
What are the most expensive neighborhoods in Des Moines?
What are the most popular neighborhoods in Des Moines?
The most popular neighborhood in Des Moines is Downtown Des Moines, where there are 4 verified RENTCafé listings with an average rent of $1,136. Next up is Southwestern Hills, where apartments go for $847/month, followed by Capitol East with $660 If you’re looking to rent in Des Moines’s most popular neighborhoods, make sure to also check out Historic East Village, where renters pay $1,136 on average, and Meredith, where the average monthly rent is $775.
Des Moines | Rent Comparison by Neighborhood
Rent in Accent is 1% lower than in Beaverdale
Accent rent is 17% lower than Des Moines average
Beaverdale rent is 17% lower than Des Moines average
How Des Moines Compares to Other Cities
|Average Rent||Y-o-Y Change|
|West Des Moines||$1,007||1%|