Downtown Des Moines, Des Moines, IA Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Des Moines is $1,329, a 3.78% increase compared to the previous year, when the average rent was $1,281.
Studio Apartments at $934 offer the most budget-friendly option with 498 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 705 square feet for $1,186, balancing privacy and affordability.
Two-beedroom units at $1,689 offer 1,091 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,518 sq ft) for $2,322, suitable for larger households.
Average rent in Downtown Des Moines, Des Moines, IA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,329 | 811 sq. ft. |
| Studio | $934 | 498 sq. ft. |
| 1 Bed | $1,186 | 705 sq. ft. |
| 2 Beds | $1,689 | 1,091 sq. ft. |
| 3 Beds | $2,322 | 1,518 sq. ft. |
Downtown Des Moines, Des Moines, IA rent trends
Rental prices in Downtown Des Moines, Des Moines, IA have increased by 3.78% over the past year. The average rent moved from $1,281 to $1,329.
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 (51%) 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?
3,466 or 88% of the households in Downtown Des Moines, Des Moines, IA are renter-occupied while 460 or 12% are owner-occupied.
Most affordable neighborhoods in Downtown Des Moines?
Fort Des Moines $823/month
South Park $834/month
South Des Moines $891/month
All of these neighborhoods fall below the city wide average of $1,096/month.Most expensive neighborhoods in Downtown Des Moines?
McKinley School - Columbus Park $1,221/month
Historic East Village $1,312/month
Downtown Des Moines $1,329/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Des Moines, IA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Des Moines | $1,329 |
| Historic East Village | $1,312 |
| McKinley School - Columbus Park | $1,221 |
| North of Grand | $1,180 |
| Woodland Heights | $1,135 |
| Sherman Hill | $1,088 |
| Drake | $1,020 |
| River Woods | $992 |
| Douglas Acres | $973 |
| Magnolia Park | $948 |
| Prospect Park | $924 |
| Meredith | $896 |
| Southwestern Hills | $891 |
| Pioneer Park | $891 |
| South Des Moines | $891 |
| South Park | $834 |
| Fort Des Moines | $823 |
Des Moines | Rent Comparison by Neighborhood
Rent in Downtown Des Moines is 37% higher than in Douglas Acres
Downtown Des Moines rent is the same as Des Moines average
Douglas Acres rent is 27% 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.