Cheap Apartments for Rent in the Greenwood Neighborhood of Des Moines, IA from $500 (130 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Greenwood area of Des Moines.

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Greenwood, Des Moines, IA Local Guide

Cheapest Available Greenwood Apartments for Rent

 

The cheapest available apartment rental in the Greenwood area of Des Moines, IA is a Studio unit found at Village Green priced from $600. Ingersoll Park Studios has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Greenwood apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Village GreenStudioStudio,1BA$600
Ingersoll Park Studios0BR/1.0BAStudio,1BA$625
Concord ApartmentsStudio 5Studio,1BA$625
Lenox PropertiesDrake1BR,1BA$675
Ingersoll Park Studio Apartments 3607StudioStudio,1BA$675
The Pointe on Fleur1x11BR,1BA$685
Hampton House ApartmentsStudioStudio,1BA$699
3309 University Ave0BR/1.0BAStudio,1BA$700
Beaverdale Housing LLCStudioStudio,1BA$710
Windsor Terrace ApartmentsStudioStudio,1BA$725

Best Value Apartments for Rent in Greenwood, IA

As of April 29, 2025 the best value apartment in the Greenwood area is the $1.15 price per square foot Vega Model at Rocket Transfer Lofts in the in the Southwest Des Moines neighborhood starting from $1,605. The second greatest value Greenwood apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rocket Transfer LoftsVega2BR,2BA$1.15
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
Ingersoll TowersWitmer2BR,2BA$1.06
High Street BrickstoneTwo Bedroom2BR,2BA$1.02
The 4220 Grand ApartmentsTwo Bedroom Large2BR,1.5BA$0.93
The 31st Street ApartmentsOne Bedroom + Den1BR,1BA$1.03
Riverpoint LoftsA51BR,1BA$1.15
The Pointe on Fleur1x11BR,1BA$1.01
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12

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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Iowa and customized analysis for Central Des Moines. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, family-friendliness, raising pets, transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Greenwood Neighborhood in Des Moines, IA

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Greenwood Apartments

What is a cheap apartment in Greenwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Greenwood is under $725.

What is the price of a cheap apartment in Greenwood?

The cheapest apartment in Greenwood is Lenox Properties which is listed at $675, while the average apartment in Greenwood costs $1,794.

What types of apartments are the cheapest in Greenwood?

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 34 regular apartments in Greenwood 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 Greenwood?

Cheap apartments in Greenwood have an average cost of $173 which is $1,621 cheaper than the average rent for all rentals in Greenwood.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

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Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.