The Meridian
425 SW 11th St,
Des Moines, IA 50309
Studio - 2 Beds | $1,522 - 2,611
Rental Market Trends in Des Moines, IA
What is the average rent in Des Moines, IA?
$976/month
Average Rent
645 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of December 2024, the average rent in Des Moines, IA is $976 per month. This is 37% lower than the national average rent of $1,559/month, making renting in Des Moines more affordable than most cities in the US. When you rent an apartment in Des Moines, you can expect to pay about $835 per month for a studio, $976 for a one-bedroom apartment, and around $1,088 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,409 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Des Moines, IA?
In the past year, rent has increased by 0.9%, which averages out to $10 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Des Moines, IA
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
14%
Below $700/month
52%
$700 - $1,000/month
28%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Des Moines?
Based on current rent prices, Somerset, Easter Lake Area and South Park are the most affordable neighborhoods in Des Moines.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Des Moines?
Based on current rent prices, Salisbury Oaks, Greenwood and North of Grand are the most expensive neighborhoods in Des Moines.
Neighborhood
Average Rent
Average Sq Ft
Which Des Moines neighborhoods have the most rentals available?
The neighborhoods in Des Moines with the most apartments available are Downtown Des Moines, East Village and Haines Park-Owl's Head Estates .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Des Moines, IA?
Because the average rent in Des Moines is $976, you’ll want to make about $3,253 per month or $39,036 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Des Moines, IA compare to other nearby cities and neighborhoods?
Use the tool below to compare Des Moines, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$751/month
One Bedroom
$800/month
$871/month
Two Bedroom
$909/month
$908/month
Three Bedroom
$1,117/month
$906/month
Nearby City Rent Trends
Apartment communities in Des Moines we think you'll love
Property Management Companies in Des Moines, IA
Indigo Living
-
44
Communities
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6,911
Units
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14
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22 Communities in Des Moines
Knapp Properties, LC.
-
17
Communities
-
1,124
Units
-
4
Cities
13 Communities in Des Moines
Newbury Living
-
20
Communities
-
1,113
Units
-
8
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10 Communities in Des Moines
Sherman Associates
-
34
Communities
-
4,648
Units
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14
Cities
8 Communities in Des Moines
Conlin Companies, Inc.
-
14
Communities
-
1,659
Units
-
7
Cities
8 Communities in Des Moines
Perennial Properties Management
-
12
Communities
-
605
Units
-
4
Cities
8 Communities in Des Moines
Elevate Living Property Management
-
41
Communities
-
6,776
Units
-
11
Cities
4 Communities in Des Moines
Artisan Management Group
-
17
Communities
-
3,618
Units
-
12
Cities
3 Communities in Des Moines
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.