Franklin Court Apartments
4925 Franklin Ave,
Des Moines, IA 50310
$750 - $895
1-2 Beds
Located about five miles northwest of Downtown Des Moines, Merle Hay is a peaceful suburb home to Iowa’s largest mall—Merle Hay Mall, a premier shopping and entertainment destination. Aside from the many shops and eateries on the outskirts of the massive mall, Merle Hay is largely residential.
Residents enjoy a broad range of apartments and houses available for rent throughout the neighborhood. Several local parks and playgrounds contribute to Merle Hay’s family-friendly atmosphere in addition to top-notch schools. Des Moines Art Center, Pappajohn Sculpture Park, and Greater Des Moines Botanical Garden are all proximate to the neighborhood as well. Getting around from Merle Hay is easy with access to I-235, I-35, and I-80.
As of March 2026, the average apartment rent in Merle Hay is $621 for a studio, $756 for one bedroom, and $907 for two bedrooms. Apartment rent in Merle Hay has decreased by -8.3% in the past year.
Studio
30 sq ft
Average Sq Ft
$621/month
Average Rent
1 BR
601 sq ft
Average Sq Ft
$756/month
Average Rent
2 BR
748 sq ft
Average Sq Ft
$907/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Merle Hay - Des Moines, IA is for everyday living.
Very Walkable
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.