Last updated
Average Rent in Downtown Des Moines & Rent Trends
Rent prices and market trends across 8 apartment communities in Downtown Des Moines, Des Moines, IA. Updated daily.
Market Average
$1,642/mo
▼ 0.8% from last month
Lowest Available
$1,451/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
25
available now
Price Cuts This Week in Downtown Des Moines
7 listed units across 3 buildings offering 2 bed units in Downtown Des Moines dropped their asking rent in the past 7 days, an average cut of $111/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Cityville Apartments | Unit 308, Ames | $1,450 | $1,225 | $225 |
| Cityville Apartments | Unit 309, Bettendorf | $1,775 | $1,575 | $200 |
| The Nexus at Gray's Landing | Unit 2 | $1,865 | $1,699 | $166 |
| Level | Unit 10, C5 | $2,673 | $2,595 | $78 |
| Level | Unit 8, C3 | $2,445 | $2,395 | $50 |
| Level | Unit 7, B6 | $2,161 | $2,129 | $32 |
| Level | Unit 6, B3 | $1,891 | $1,866 | $25 |
Downtown Des Moines vs Des Moines, IA Average
Downtown Des Moines is more expensive the Des Moines, IA average by $332/mo (25%). The citywide average is $1,310/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown Des Moines?
As of July 2026, the average rent in Downtown Des Moines is $1,642 per month across 8 apartment communities and 25 available units. Rents have decreased $13 (0.8%) over the past month.
The most affordable option is The Residences at River View starting at $1,451/mo. By unit type, a 2-bedroom averages $1,642/mo.
Prices range from $1,451 to $2,121 per month. The most common price point is the $1,600 range, where 13 units are currently listed.
Downtown Des Moines Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,536 | - | 6 |
| July 2026 | $1,504 | -$32 | 6 |
Rent Price Distribution
Rent by Bedroom Type in Downtown Des Moines
Rent Prices by Apartment in Downtown Des Moines
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Residences at River View | $1,451/mo | $1,451/mo | 1 | 3.7 |
| Rocket Transfer Lofts | $1,469/mo | $1,519/mo | 3 | 4.4 |
| Cityville Apartments | $1,510/mo | $1,628/mo | 14 | 4.4 |
| Gateway Lofts | $1,615/mo | $1,615/mo | 1 | 4.4 |
| District at 6th | $1,632/mo | $1,637/mo | 2 | 3.5 |
| Ingersoll Square Apartments | $1,685/mo | $1,685/mo | 1 | 4.1 |
| The Nexus at Gray's Landing | $1,699/mo | $1,699/mo | 1 | 3.6 |
Frequently Asked Questions About Rent in Downtown Des Moines
What is the average rent in Downtown Des Moines?
Is rent going up or down in Downtown Des Moines?
What is the cheapest apartment in Downtown Des Moines?
How many apartments are available in Downtown Des Moines?
What salary do I need to live comfortably in Downtown Des Moines?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$66,000/year
Based on the 30 percent rule, using our tracked average rent of $1,642/mo.
Comfortable income
$79,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,451/mo), you need to earn at least $58,000/year.
Median household income in Downtown Des Moines is $63,966 , about 19% below the comfortable-living threshold.
Cost of living in Downtown Des Moines
Overall prices in Downtown Des Moines runs below the national average by about 7% (BEA Regional Price Parity index 92.8, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Downtown Des Moines's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,642 |
| Utilities | $370 |
| Groceries | $522 |
| Transportation | $882 |
| Healthcare | $430 |
| Other goods and services | $688 |
| Estimated total | $4,534/mo |
Population
212,464
Median household income
$63,966
Census median rent
$1,054/mo
Rent as % of income
28.8%
Median age
34.6
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Downtown Des Moines Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Downtown Des Moines Apartments
Browse all 8 communities with daily-updated pricing and availability.