Downtown Des Moines, Des Moines, IA Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Des Moines is $1,332, a 1.04% decrease compared to the previous year, when the average rent was $1,346.
Studio Apartments at $902 offer the most budget-friendly option with 494 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 705 square feet for $1,230, balancing privacy and affordability.
Two-bedroom units at $1,618 offer 1,091 square feet, perfect for roommates or small families.
Average rent in Downtown Des Moines, Des Moines, IA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,332 | 810 sq. ft. |
| Studio | $902 | 494 sq. ft. |
| 1 Bed | $1,230 | 705 sq. ft. |
| 2 Beds | $1,618 | 1,091 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Des Moines, Des Moines, IA rent trends
Rental prices in Downtown Des Moines, Des Moines, IA have decreased by 1.04% over the past year. The average rent moved from $1,346 to $1,332.
What's the typical rent budget in Downtown Des Moines, Des Moines, IA?
The largest share of rentals in Downtown Des Moines, Des Moines, IA (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Des Moines, Des Moines, IA?
3,826 or 89% of the households in Downtown Des Moines, Des Moines, IA are renter-occupied while 454 or 11% are owner-occupied.
Most affordable neighborhoods in Downtown Des Moines?
Fort Des Moines $823/month
Meredith $845/month
Pioneer Park $855/month
All of these neighborhoods fall below the city wide average of $1,103/month.Most expensive neighborhoods in Downtown Des Moines?
McKinley School - Columbus Park $1,222/month
Downtown Des Moines $1,332/month
Historic East Village $1,346/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Des Moines, IA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Historic East Village | $1,346 |
| Downtown Des Moines | $1,332 |
| McKinley School - Columbus Park | $1,222 |
| Woodland Heights | $1,199 |
| North of Grand | $1,165 |
| Sherman Hill | $1,126 |
| Drake | $1,059 |
| Douglas Acres | $1,025 |
| Prospect Park | $1,009 |
| River Woods | $956 |
| Southwestern Hills | $927 |
| Magnolia Park | $918 |
| South Park | $904 |
| Capitol Park | $895 |
| South Des Moines | $859 |
| Pioneer Park | $855 |
| Meredith | $845 |
| Fort Des Moines | $823 |
Des Moines | Rent Comparison by Neighborhood
Rent in Downtown Des Moines is 49% higher than in Capitol Park
Downtown Des Moines rent is the same as Des Moines average
Capitol Park rent is 33% lower than Des Moines average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Des Moines apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.