
Cheap Apartments for Rent in Drake, CO from $800 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Drake.


Ashley Estates

Lakeview on the Rise

Bristol Pointe Apartments

10th Street Square Apartments

3508 Chestnut Ave

1520 W 12th St

2666 W 44th St

1852 Lily Pl
Drake, CO Local Guide

How much does it cost to rent an apartment in Drake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Drake Studio Apartments | $1,608 | $1,269 | $3,100 |
Drake 1 Bedroom Apartments | $1,681 | $813 | $4,225 |
Drake 2 Bedroom Apartments | $1,987 | $976 | $4,500 |
Drake 3 Bedroom Apartments | $2,258 | $1,127 | $3,670 |
Drake 4 Bedroom Apartments | $1,736 | $1,229 | $1,918 |
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Drake, CO Local Guide
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Cheapest Available Drake Apartments for Rent and Nearby
 The cheapest available apartment rental in Drake, CO is a 1 Bed unit found at Springfield Court Apartments in the Troutman Park neighborhood priced from $813. Autumn Lake in the Hunters Run neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Drake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Springfield Court Apartments | 1 Bedroom | 1BR,1BA | $813 |
Autumn Lake | 1 BD Apartment - TC | 1BR,1BA | $1,300 |
10th Street Square Apartments | 1B/1B | 1BR,1BA | $1,300 |
PeakView by Horseshoe Lake Apartments | Ajax | 1BR,1BA | $1,336 |
Pinyon Pointe Apartments | Poplar | Studio,1BA | $1,357 |
Best Value Apartments for Rent in Drake, CO and Nearby
As of March 23, 2025 the best value apartment in the Drake area is the $1.60 price per square foot Sunlight Model at Heron Pointe Apartments in the in the Cattail Pond neighborhood starting from $1,700. The second greatest value Drake apartment is the 2 Bedroom 2 Bath Townhome Model at Alder Square Townhomes starting at $1,498 with a $1.47 price per square foot in the Hunters Run neighborhood. Here is today’s list of the best values for Drake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Heron Pointe Apartments | Sunlight | 2BR,2BA | $1.60 |
Alder Square Townhomes | 2 Bedroom 2 Bath Townhome | 2BR,2BA | $1.47 |
Lakemont Apartments | 2 Bd 1.5 Ba Garden Level Country Kitchen | 2BR,1.5BA | $1.56 |
Gallery Flats | 2/2 00-2 | 2BR,2BA | $1.79 |
Woodlands | 2x1 | 2BR,1BA | $1.73 |
The Buttes Apartments | Scenic | 1BR,1BA | $1.73 |
PeakView by Horseshoe Lake Apartments | Ajax | 1BR,1BA | $1.66 |
Wintergreen Apartments | 1K | 1BR,1BA | $1.90 |
Lincoln Place | Matisse | 1BR,1BA | $2.01 |
Springfield Court Apartments | 1 Bedroom | 1BR,1BA | $1.36 |
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Frequently Asked Questions about Cheap Drake Apartments
What is the Cheapest Studio apartment in Drake?
Currently the most affordable Cheap Studio Apartment in Drake is at Bristol Pointe Apartments listed at $1,269.
How much is rent for a Cheap One Bedroom Drake Apartment?
The lowest price for a Cheap One Bedroom Drake Apartment is $813 at Springfield Court Apartments.
What is the lowest price for a Cheap Two Bedroom Drake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Drake is starting from $976 at Springfield Court Apartments.
What is the most affordable Drake Three Bedroom Apartment?
The best deal on a cheap Drake Three Bedroom Apartment rental is at Autumn Lake and starts from $1,700.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.