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Cheap Apartment for Rent in Des Moines: This studio apartment sits on the second level of a multi-family apartment building right off E 9th St just north of University Ave. As the largest source for affordable housing options online, our focus is to bring together Owners and Renters who are in search of The Village at Gray's Lake Apartments | 2270 Bell Ave, Des Moines, IA. View photos, get pricing and see if you qualify for public housing and section 8. Sort by: Recommended. Find your next 1 bedroom apartment in Des Moines IA on Zillow. Search 1,922 Cheap Apartments (under $400) available for rent in Des Moines, IA. Keep an eye on timing, neighborhood options, and special deals to score the best rental price. Use our filters to find Des Moines apartments with features like in-unit laundry, balconies, garages, and pet-friendly spaces. 44% increase for the price of a two-bedroom apartment. 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