Cheap Homes for Rent in Drake Neighborhood of Des Moines, IA from $700 (2 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Best Value Apartments for Rent in Drake, IA

As of April 11, 2025 the best value apartment in the Drake area is the $0.82 price per square foot 2 bed Model at 2813 Cottage Grove Ave in the in the Drake Park neighborhood starting from $900. The second greatest value Drake apartment is the 1201 34th St Model at 1201 34th St starting at $1,275 with a $1.16 price per square foot in the Merle Hay neighborhood. Here is today’s list of the best values for Drake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
1201 34th St1201 34th St2BR,1BA$1.16
VueA21BR,1BA$1.72
Imperial Grand PrixGrand Prix 1 Bedroom1BR,1BA$1.31
Ingersoll Square LoftsPhase II A51BR,1BA$1.81
The Drake1 Bedroom 1 Bathroom1BR,1BA$1.17
3000 Grand ApartmentsStudio | 1 BathStudio ,1BA$1.44
Franklin Court ApartmentsCOZY COTTAGE1BR,1BA$1.73
SollS1 - DoStudio ,1BA$1.78
3309 University Ave0BR/1.0BAStudio ,1BA$1.47

Frequently Asked Questions about Drake

What type of rentals are currently available in Drake?

There are currently 169 Apartments for Rent in Drake, IA with pricing that ranges from $700 to $2,871. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $750 to $2,700.

What is the current price range for Rental Homes in Drake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake ranges from $750 to $2,700 with an average monthly rent of $1,492.

How much are larger Three and Four Bedroom Rentals in Drake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake range from $1,100 to $2,871, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $1,795. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,420.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.