Average rent in Des Moines

Average rent in Des Moines,IA

The average rent in Des Moines, IA varies throughout the different neighborhoods, but overall, it has been steadily increasing over the years. In 2023, it is expected to reach an average of $1,200 per month. In comparison to previous years, this represents a significant increase from the average rent of $1,100 in 2022 and $1,000 in 2021. Despite this rise in rental prices, Des Moines remains relatively affordable compared to other major cities in the Midwest. Therefore, renters should be prepared to budget accordingly and consider the location and amenities that are most important to them when searching for their ideal housing.

Average rent in Des Moines,IA for 1-bedroom

In terms of the average rent in Des Moines, IA for a 1-bedroom apartment, there has been a steady increase over the years. In 2019, the average rent was $860, which grew to $895 in 2020. Currently, the average rent for a 1-bedroom apartment in 2021 is $930. Looking ahead, projections indicate that the average rent in Des Moines for a 1-bedroom apartment will continue to increase. By 2023, it is estimated that the average rent will be $980, an increase of $130 from 2019. With that said, it’s important to consider the various factors that may influence the rent prices overall, such as location, amenities, and demand.

Average rent in Des Moines,IA for 2-bedroom

In terms of the average rent for a 2-bedroom apartment in Des Moines, IA, there has been a steady increase in recent years. In 2023, the average rent for a 2-bedroom apartment is projected to be $1,200, which is a significant jump from the $1,050 average in 2020. Looking back even further, in 2015 the average rent for a 2-bedroom apartment in Des Moines, IA was only $850. Clearly, there has been a steady increase over the years, with the biggest jumps being between 2020 and 2023. Despite this increase in rent prices, Des Moines still remains an affordable option compared to other major cities in the United States. In conclusion, while the cost of living in Des Moines is increasing, it remains a reasonable option for those looking to live in the Midwest.

Average rent in Des Moines,IA for 3-bedroom

In 2023, the average rent in Des Moines, IA for a 3-bedroom apartment will increase by approximately 8%. The cost will be around $1,400 per month, which is higher than the previous year’s average of $1,295. Over the past five years, the average rent has steadily increased due to high demand and a booming economy. However, this year’s price hike is attributed to the rising cost of living and the lack of available housing in the area. Despite the increase, Des Moines remains an affordable option for families looking to live in a vibrant and growing city.

Average rent in Des Moines,IA for studio

In terms of the average rent in Des Moines, IA for a studio apartment, it is projected to increase by 3.5% in 2023 compared to the previous year. This rise in rent is significant considering the average rent for a studio apartment in 2022 was $970 per month. Additionally, this is the fourth consecutive year that rent has increased for studio apartments in Des Moines. This trend suggests that the cost of living in Des Moines will continue to rise, making it more challenging for individuals to afford renting in the area. Despite this, Des Moines remains an attractive city for young professionals and students looking for affordable housing options within a growing city.

Average rent in Des Moines,IA for townhouse

According to recent data, the average rent for a townhouse in Des Moines, IA is expected to increase by 3% in 2023. This is a noticeable jump from the previous year’s average rent, which only saw a 1.5% increase. Looking further back, the average rent in Des Moines has steadily grown over the past five years, with a 2.5% increase in 2021 and a 2% increase in 2020. Despite the inflation in rent, many renters still search for townhouses in Des Moines due to its location, community, and amenities. However, with the steady increase in rent, it is important for renters to budget accordingly and look for potential deals or discounts.

Most expensive neighborhoods in Des Moines,IA

Des Moines, Iowa boasts some of the most expensive neighborhoods in the state. Places like West Des Moines, Clive, and Urbandale are known for their upscale homes, top-rated schools, and luxurious amenities. West Des Moines, in particular, is home to some of the most affluent communities like Glen Oaks, which is known for its beautiful homes and private golf course. Other neighborhoods like Jordan Creek and Waukee are also pricier areas due to their high-end shopping centers, restaurants, and beautiful parks. No matter where you choose to live in Des Moines, you’ll experience the perfect combination of city living and suburban charm.

Most affordable neighborhoods in Des Moines,IA

Des Moines, the capital city of Iowa, has several budget-friendly neighborhoods to live in. One of the most affordable neighborhoods in Des Moines is Lower Beaver, where the median home price is $90,000. Another affordable option is Capitol East, which has a median home price of $95,000. Other budget-friendly neighborhoods include Ewing Woods, Watrous South, and Martin Luther King Jr. Park, where the median home prices range from $100,000 to $120,000. These neighborhoods offer affordable housing options without compromising on safety, schools, and amenities.

Most popular neighborhoods in Des Moines,IA

Des Moines, IA is a vibrant and growing city with many neighborhoods to choose from. Some of the most popular neighborhoods in Des Moines include Beaverdale, which is known for its charming, tree-lined streets and historic homes. The East Village is another popular spot that offers a trendy and urban vibe, with an array of restaurants, bars, and boutiques. Ingersoll Park, located just west of Downtown, is also a favorite among residents, thanks to its diverse population, beautiful homes, and easy access to the city’s many amenities. No matter which neighborhood you choose, Des Moines is a wonderful place to call home.

Comparison with other cities

1. Des Moines, IA – $995
2. Omaha, NE – $913
3. Wichita, KS – $750
4. Kansas City, MO – $1,090
5. Minneapolis, MN – $2,000
6. Chicago, IL – $1,965
7. Denver, CO – $1,819
8. Austin, TX – $1,484
9. Los Angeles, CA – $2,556
10. Phoenix, AZ – $1,271
11. Seattle, WA – $2,159
12. Portland, OR – $1,624
13. Boston, MA – $2,930
14. New York, NY – $3,444
15. San Francisco, CA – $3,870

FAQ

Q: What is the average rent in Des Moines, IA in 2023?
A: As of 2023, the average rent in Des Moines, IA for a one-bedroom apartment is $950 per month. The average rent for a two-bedroom apartment is $1,185 per month.

Q: How does the 2023 average rent compare to previous years?
A: This information is not available as the data is for 2023 only and comparisons cannot be made yet.

Q: What factors affect the average rent in Des Moines, IA?
A: The average rent in Des Moines, IA is affected by factors such as location, size of the apartment, and amenities included.

Q: Which neighborhoods in Des Moines have the highest and lowest average rents?
A: In 2023, the Downtown neighborhood has the highest average rent for a one-bedroom apartment at $1,250 per month. The Highland Park neighborhood has the lowest average rent for a one-bedroom apartment at $750 per month.

Q: Are there any affordable housing options available in Des Moines?
A: Yes, there are affordable housing options available in Des Moines. The City of Des Moines Housing Services provides affordable rental housing options for low-income families and individuals.

Q: How do Des Moines rent prices compare to other similar cities in the US?
A: This information is not available as the article only mentions the average rent in Des Moines, IA.

Q: Are there any rental trends that can be observed in Des Moines?
A: This information is not available as the article only provides data for the current year.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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