Cheap Apartments for Rent in the Gray's Lake Neighborhood of Des Moines, IA from $500 (100 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Gray's Lake area of Des Moines.

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Gray's Lake, Des Moines, IA Local Guide

Cheapest Available Gray's Lake Apartments for Rent

 

The cheapest available apartment rental in the Gray's Lake area of Des Moines, IA is a 1 Bed unit found at Stockbridge Apartments priced from $565. Ingersoll Park Studios has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Gray's Lake apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Stockbridge Apartments1x1 670-7001BR,1BA$565
Ingersoll Park Studios0BR/1.0BAStudio,1BA$625
MelbourneA2 - 40 - Income Restricted1BR,1BA$627
Pioneer EstatesB11BR,1BA$700
Windsor Terrace ApartmentsStudioStudio,1BA$725
Wakonda Village and Manor Apartment HomesS1PwvStudio,1BA$735
Rowat LoftsS1 - OnyxStudio,1BA$747
The 31st Street ApartmentsOne Bedroom1BR,1BA$749
Goldbriar Chateau1 Bedroom 1 Bathroom1BR,1BA$750
The ElliottStudioStudio,1BA$750

Best Value Apartments for Rent in Gray's Lake, IA

As of March 28, 2025 the best value apartment in the Gray's Lake area is the $1.13 price per square foot 2901 Grand Ave #307 Model at 2901 Grand Ave #307, Unit 307 in the in the Southwest Des Moines neighborhood starting from $1,360. The second greatest value Gray's Lake apartment is the Riley Model at Ingersoll Towers starting at $1,024 with a $0.96 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for Gray's Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2901 Grand Ave #307, Unit 3072901 Grand Ave #3072BR,2BA$1.13
Ingersoll TowersRiley2BR,2BA$0.96
Finn Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.00
The Pointe on Fleur2x1b2BR,1BA$0.90
Magnolia Manor Apartments and Townhomes2 Bedroom2BR,1BA$0.89
McKinley Apartments2BD/2BA2BR,2BA$1.05
High Street BrickstoneTwo Bedroom2BR,2BA$1.02
SunburstTwo Bedroom-One Bath2BR,1BA$1.11
Stockbridge Apartments1x1 670-7001BR,1BA$0.81
Goldbriar Chateau1 Bedroom 1 Bathroom1BR,1BA$1.15

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Pet Friendly Lifestyle
Gray's Lake, Des Moines, IA

Ranked #9

Among neighborhoods in Des Moines, IA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Gray's Lake, Des Moines, IA

School data provided by Great Schools

Best Local Schools in
Gray's Lake, Des Moines, IA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Des Moines. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, apartment communities for the kids, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Gray's Lake Apartments

What is a cheap apartment in Gray's Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Gray's Lake is under $750.

What is the price of a cheap apartment in Gray's Lake?

The cheapest apartment in Gray's Lake is Stockbridge Apartments which is listed at $565, while the average apartment in Gray's Lake costs $2,077.

What types of apartments are the cheapest in Gray's Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 84 regular apartments in Gray's Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Gray's Lake?

Cheap apartments in Gray's Lake have an average cost of $190 which is $1,887 cheaper than the average rent for all rentals in Gray's Lake.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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