Cheap Apartments for Rent in the Drake University Neighborhood of Des Moines, IA from $500 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Drake University area of Des Moines.

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Harrington Studios
Studio Apartments

Harrington Studios

677 16th StDes Moines, IA 50314
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3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
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Drake Collection
1 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311
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Concord Apartments
Studio Apartments

Concord Apartments

732 18th StDes Moines, IA 50314
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Kingman Gardens
1 to 3 Bedroom Apartments

Kingman Gardens

3010 Kingman BlvdDes Moines, IA 50311
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Twin Manor
Studio to 1 Bedroom Apartments

Twin Manor

720 17th StDes Moines, IA 50314
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Drake Pointe
1 Bedroom Apartments

Drake Pointe

1101 25th StDes Moines, IA 50311
Student Housing
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The Flats on 21st
1 Bedroom Apartments

The Flats on 21st

1313 21st StDes Moines, IA 50311
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University Park Place
2 Bedroom Apartments

University Park Place

3725-3727 University AveDes Moines, IA 50311
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Showing Results 1-50, Page 1 of 2

Drake University, Des Moines, IA Local Guide

Cheapest Available Drake University Apartments for Rent

 

The cheapest available apartment rental in the Drake University area of Des Moines, IA is a Studio unit found at Village Green priced from $600. Concord Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Drake University apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Village GreenStudioStudio,1BA$600
Concord ApartmentsStudio 5Studio,1BA$625
3309 University Ave0BR/1.0BAStudio,1BA$700
Beaverdale Housing LLCStudioStudio,1BA$710
1333 22nd Street1BR/1.0BA1BR,1BA$725
2413 24th St2 Bedroom- 2411 24th2BR,1BA$725
The Drake1 Bedroom 1 Bathroom1BR,1BA$730
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$730
The Flats on 21st1 Bedroom1BR,1BA$795
Pleasant Court1 Bedroom1BR,1BA$799

Best Value Apartments for Rent in Drake University, IA

As of April 27, 2025 the best value apartment in the Drake University area is the $1.00 price per square foot Model A Model at The Elmhurst in the in the Downtown Des Moines neighborhood starting from $1,300. The second greatest value Drake University apartment is the 2 bed Model at 2813 Cottage Grove Ave starting at $900 with a $0.82 price per square foot in the Drake Park neighborhood. Here is today’s list of the best values for Drake University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
Four Seasons Apartments2BR/1BA 2 sinks furnished2BR,1BA$1.25
Woodland Avenue Brickstone2x1 8502BR,1BA$1.30
Pleasant Court2 Bedroom2BR,1BA$1.38
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
The Drake1 Bedroom 1 Bathroom1BR,1BA$1.17
2413 24th St2 Bedroom- 2411 24th2BR,1BA$1.21
The Flats on 21st1 Bedroom1BR,1BA$1.33
1333 22nd Street1BR/1.0BA1BR,1BA$1.39

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Drake University, Des Moines, IA

Ranked #44

Among neighborhoods in Des Moines, IA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Drake University, Des Moines, and the greater Des Moines area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Drake University Apartments

What is a cheap apartment in Drake University?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Drake University is under $799.

What is the price of a cheap apartment in Drake University?

The cheapest apartment in Drake University is 1333 22nd Street which is listed at $725, while the average apartment in Drake University costs $2,105.

What types of apartments are the cheapest in Drake University?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Drake University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Drake University?

Cheap apartments in Drake University have an average cost of $340 which is $1,765 cheaper than the average rent for all rentals in Drake University.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.