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OFFER:

For a limited time, get 1 month free on our Moonshine model! Must move in by 11/30. 12-15 month lease term required.

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Highlights

  • Rent Special
  • Pet Friendly
  • Sundeck
  • Fitness center
  • Rooftop terrace
  • In-home washers and dryers
  • Modern features
  • Polished granite countertops

Location

604 Locust St, Des Moines, IA 50309, USA|Downtown Des Moines
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Tour The Equitable Building

Contact

Management

Block Real Estate Services

Leasing office

(844) 325-6407 ext. 2426

Open today 

8:30 am–5:30 pm CT

Property Overview

The Equitable Building stands out as a highly rated option with strong value, excellent amenities, and a prime location, supported by modern features like a sundeck, fitness center, rooftop terrace, in-home washers and dryers, and polished granite countertops. It also offers a lively, convenient setting with abundant nearby dining, cultural, recreation, and wellness options, plus features that support work-from-home, sustainability, and pet-friendly living.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, The Equitable Building is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Equitable Building has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • More space

Great for

  • Work-from-home
  • Eco living
  • Pet owners

Floor plans

Jazz1 bed1 bath860 sqft$1,447–$1,524 /mo1 unit available
Armstrong2 bed2 bath1,156 sqft$1,689–$1,780 /mo1 unit available
Charleston2 bed2 bath1,200 sqft$1,773–$1,868 /mo1 unit available
Moonshine2 bed1 bath1,169 sqft$1,814–$1,911 /mo1 unit available
Bootlegger2 bed2 bath1,110 sqft$1,897–$2,019 /mo2 units available

Let's explore this property.

Amenities for The Equitable Building

Apartment Amenities

Air ConditioningCeiling Fan
Efficient U-Shaped Kitchen DesignFire Sprinkler System
Guest RoomHistoric 1920S Gothic-Inspired Skyscraper
Historic 1920S Terrazzo FlooringModern Accent Wall Paint Scheme
Modern Flat Slab DoorOriginal 1920S Steel Window
PantryPolished Granite Countertop
Resident StorageSpacious Walk-In Closet
Stainless Steel Double-Bowl SinkSteel Outdoor Balcony
Sun-Filtering Basket Weave ShadesWalk-in Closet
Window Coverings

Appliances

Ceramic Top Electric RangesDishwasher
Energy Efficient Heating & Air ConditioningIn-Unit Laundry
MicrowaveStainless Steel Appliances
Washer and Dryer

Tech

Cable ReadyElectronic Thermostat

Building

Cats OKControlled Access
Dogs OKElevator
Fitness CenterFree Weights
Freight ElevatorHistoric 1920s Lobby
Historic BuildingResidents Lounge
Roof DeckWheelchair Accessible

Grounds

Assigned ParkingBike Racks
Garage ParkingGate
Outdoor SpaceStorage

Services

Conveniently Located Trash and Recycling DisposalFlexible Rental Payment Options
On-Site MaintenanceOn-Site Management

Neighborhood

Close Proximity to Downtown Nightlife and Dining

Other

Short Term Lease
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Application Fee

Per-applicant. Agent application fee.

Contact Property

REQUIRED FEES

Deposit

One-time. Refund Policy: 100%. Security Deposit.

$300

OPTIONAL FEES

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Cat Fee

One-time. 2 cats max. Refund Policy: Non-refundable.

$300

Cat Rent

Monthly. Refund Policy: Non-refundable.

$25

Dog

Dog Fee

One-time. 2 dogs max. Refund Policy: Non-refundable.

$300

Dog Rent

Monthly. Refund Policy: Non-refundable.

$25

Questions about this property’s policies and fees?

Building details

Property details

Units146

About The Equitable Building

HomeApartments in Des MoinesDowntown Des Moines The Equitable Building

The Equitable Building is where the past propels the present, and luxury defines the future. Nestled in the heart of Downtown Des Moines, IA, our apartments reflect the tale of a 1920s Gothic-inspired skyscraper restored to its original grandeur—complete with a rooftop terrace, sundeck, and fitness center. Our residences complement this historic charm through modern features like polished granite countertops, sound-reducing walls, and in-home washers and dryers. The search for a perfect place in Des Moines ends with our apartments for rent. Schedule a private tour today!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, The Equitable Building is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Equitable Building has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The Equitable Building
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, The Equitable Building is a great option for renters looking for apartments in Downtown Des Moines. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Equitable Building stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Equitable Building is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
The Equitable Building has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 8 highest rated

Amazing building, such wonderful property managers and top-notch maintenance. Everything you’d want or need out or a downtown residency.

Matthew Quetti

Matthew Quetti

Oct 17, 2024

If you are looking for an apartment in Des Moines--look no further!! The manager and staff are the best I have worked with: caring, considerate, and VERY professional. The building is gorgeous and always kept immaculate. The apartments are beautiful and spacious with numerous amenities for a downtown community! If my career ever brings me back to DSM, I know I will be calling Angela!

Taylor Darby

Taylor Darby

Jul 27, 2021

We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

The Equitable Building is great for:

Work-from-home

  • 4 coworking spaces or cafes within 1 mile
  • Large windows for natural lighting
  • Common areas for meetings or remote work
  • 1 internet service provider option nearby

Eco living

  • 27 parks within a mile
  • On-site recycling or composting options
  • Energy efficient appliances
  • Thermostats

Pet owners

  • Outdoor spaces are available at this property
  • 1 dog park within 1 mile
  • 3 pet supply stores near the property
  • 1 pet grooming service nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Equitable Building compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary school 0.2 miles away
More space
The 2-bedroom is 76 sqft larger than other listings nearby
Eco-friendly trash disposal
This property has recycling pickup
Elevator
Improved accessibility features
Extra storage
In-unit features
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Outdoor space
Easy access to the outdoors
Walk-in closet
More closet space on average

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1.6 miles away

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Rent trends in Downtown Des Moines

1-bedroom apartments here are priced 16% higher than 1-bedrooms in Downtown Des Moines.

If you decide to upgrade your space, you can expect 2-bedrooms at The Equitable Building to be 0% less than the average for similarly sized apartments in Downtown Des Moines.

Median rents as of Nov 7 2026.
Downtown Des Moines
Des Moines
A table of studio rental data trends in Des Moines
MonthMedian Rent
November 2024$864
December 2024$898
January 2025$897
February 2025$895
March 2025$825
April 2025$783
May 2025$774
June 2025$773
July 2025$773
August 2025$767
September 2025$753
October 2025$750
November 2025$750
December 2025$750
January 2026$762
February 2026$791
March 2026$795
April 2026$798
May 2026$802
June 2026$801
July 2026$812
August 2026$840
September 2026$852
October 2026$846
November 2026$845
A table of studio rental data trends in Downtown Des Moines
MonthMedian Rent
November 2024$1,024
December 2024$1,020
January 2025$1,014
February 2025$1,014
March 2025$976
April 2025$957
May 2025$942
June 2025$907
July 2025$928
August 2025$931
September 2025$877
October 2025$891
November 2025$889
December 2025$908
January 2026$836
February 2026$866
March 2026$901
April 2026$924
May 2026$901
June 2026$899
July 2026$897
August 2026$897
September 2026$898
October 2026$848
November 2026$850

Affordability calculator

Can I afford to live at 604 Locust St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$57,880/yr

With your selected rent-to-income ratio, you'd ideally want to make $57,880 annually to afford this 1-bedroom monthly rent price of $1,447.
For more information on rent affordability, visit our rent calculator.

Schools near The Equitable Building

Walnut Street School

901 walnut st

des moines, IA, 50309

PK, K-5Public
C

Ruby Van Meter

710 28th st

des moines, IA, 50312

K-12Public

Jessie Franklin Taylor Preschool

1801 16th st

des moines, IA, 50314

PKPublic

Woodlawn Early Childhood Center

4000 lower beaver rd

des moines, IA, 50310

PKPublic

Mitchell Early Childhood Center

111 porter

des moines, IA, 50310

PKPublic
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Getting around Des Moines near 604 Locust St

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 604 Locust St, Des Moines

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

4/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

5/10
At least one high school within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

6/10
Variety of bars within walking distance

Explore the area around 604 Locust St

Hy-Vee
420 Court Ave
Mills Marketing
400 E Court Ave
New Oriental Food Store
515 E Grand Ave
Gateway Market
2002 Woodland Ave
C Fresh Market
801 University Ave
Bramex
400 Locust St
The Salvation Army Family Store & Donation Center
133 E 2nd St
The Salvation Army Family Store
211 E Court Ave
Velvet Coat
219 E Grand Ave
HM Cole Custom Suits
333 E Grand Ave
Tea Room
713 Walnut St
Caribou Coffee
1231 Keosauqua Way
Java Joes Coffeehouse
214 4th St
Starbucks
420 Court Ave
Starbucks
909 Locust St
Mulberry Street Tavern
206 6th Ave
Rock River Grill
700 Grand Ave
Club 525
Ricochet
400 Locust St
Hello, Marjorie
717 Locust St
Fresh Fit Meals Downtown
801 Grand Ave
Dor Bakery
320 W Martin Luther King Jr Pkwy
Scenic Route Bakery, LLC
1000 Murphy St
Downtown Des Moines Farmers' Market
306 E Court Ave
Molly's Cupcakes
215 E 3rd St
EMC Downtown Park
Garden
Garden
Cowles Commons
Garden
Iowa Food Delivery
699 Walnut St
Palmer's Deli & Market
655 Walnut St
Potbelly Sandwich Shop
604 Locust St
Gattopardo's Italian Specialties LLC
317 6th Ave
Mulberry Street Tavern
206 6th Ave
6th Ave / Locust St
MLK Jr Pkwy, University Ave, Crosstown, 6th Ave, Hubbell Ave, Easton Blvd, Merle Hay Rd
7th St / Walnut St
MLK Jr Pkwy, Crosstown, University Ave, Hubbell Ave, 6th Ave, Merle Hay Rd, Easton Blvd
Grand Ave / 5th Ave
Crosstown
DART Central Station
MLK Jr Pkwy, University Ave, Crosstown, SW 9th St, 6th Ave, Hubbell Ave, Easton Blvd, Merle Hay Rd, SE 14th St, Watrous Ave
Locust St / 4th St
Crosstown

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