Cheap Apartments for Rent in Drake, CO from $800 (11 Rentals)

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365 N Lincoln Ave
1 Bedroom Apartments

365 N Lincoln Ave

365 N Lincoln AveLoveland, CO 80537
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Drake, CO Local Guide

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. 10th Street Square Apartments 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 ListingModel NameBed/BathPriced From
Springfield Court Apartments1 Bedroom1BR,1BA$813
10th Street Square Apartments1B/1B1BR,1BA$1,300
Autumn Lake1 BD Apartment - TC1BR,1BA$1,300
Patina Flats at the Foundry ApartmentsJulianStudio,1BA$1,370
PeakView by Horseshoe Lake ApartmentsAjax1BR,1BA$1,385

Best Value Apartments for Rent in Drake, CO and Nearby

As of March 26, 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 Flatirons Model at PeakView by Horseshoe Lake Apartments starting at $1,849 with a $1.76 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Heron Pointe ApartmentsSunlight2BR,2BA$1.60
PeakView by Horseshoe Lake ApartmentsFlatirons2BR,2BA$1.76
Alder Square Townhomes2 Bedroom 2 Bath Townhome2BR,2BA$1.47
Lakemont Apartments2 Bd 1.5 Ba Garden Level Country Kitchen2BR,1.5BA$1.56
Gallery Flats2/2 00-22BR,2BA$1.79
Woodlands2x12BR,1BA$1.73
The Buttes ApartmentsScenic1BR,1BA$1.73
Wintergreen Apartments1K1BR,1BA$1.90
Bristol Pointe ApartmentsHorsetooth1BR,1BA$1.93
Springfield Court Apartments1 Bedroom1BR,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 Patina Flats at the Foundry Apartments listed at $1,370.

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.

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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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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.

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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.

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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.