
Cheap Apartments for Rent in the Drake Park Neighborhood of Des Moines, IA from $300 (163 Rentals)
Search the lowest-cost Apartments available for rent right now in the Drake Park area of Des Moines.


Townhall Apartments

Lenox Properties

Village Green

Total Monthly Price
1215 23rd St, Unit 2

The Acacia

Stockbridge Apartments

Ingersoll Park Studio Apartments 3607

The Drake

The Grove at Hickman
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Riverview Oaks Apartments

Arlington Hallett

Hampton House Apartments

Civic Center Court Apartments

Argonne Apartments

The Elliott

Beaverdale Housing LLC

3225 5th Ave

Pleasant Court

East Village Square
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MLK Brickstone Apartments

Total Monthly Price
1604 16th St, Unit Apt 2

Ingersoll Towers

1217 24th St

City Square Lofts

Randolph Apartments

418 East Grand

The Des Moines Building

Old Main & Drake Apartments

Discover Modern Comfort at Welbeck Apartments ~ Rent Special
Des Moines's Best Affordable Neighborhoods
Learn about Des Moines and the best places to live with original content written by our Local Expert Joseph Isenberg

Inglewood Apartments

612 Bancroft St

Imperial Grand Prix

The Lyon

Treehouse Apartments

Village on Grand

New Haven Apartments

3835 Boston Ave

Hamilton Apartments

Four Seasons Apartments
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The Fleming Building

Total Monthly Price
The Scott at East Village

Newens Dairy Lofts

Jackson Crossing

722 18th St

Court Ave Lofts

Reagan House

The Griffin Building

Total Monthly Price
1818 Pleasant St, Unit 1818

Lofts on 34th
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Drake Park, Des Moines, IA Local Guide

How much does it cost to rent an apartment in Drake Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake Park Studio Apartments | $964 | $380 | $2,986 |
| Drake Park 1 Bedroom Apartments | $1,261 | $650 | $4,561 |
| Drake Park 2 Bedroom Apartments | $1,471 | $739 | $4,086 |
| Drake Park 3 Bedroom Apartments | $1,768 | $1,021 | $4,100 |
| Drake Park 4 Bedroom Apartments | $4,899 | $965 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 163 rentals with your search options within a 2 mile radius of the Drake Park Neighborhood of Des Moines, IA.
See all Apartments in Des MoinesExplore Des Moines
Drake Park, Des Moines, IA Local Guide
- Nearby Des Moines neighborhoods
- Nearby Cities
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Cheapest Available Drake Park Apartments for Rent
 The cheapest available apartment rental in the Drake Park area of Des Moines, IA is a Studio unit found at Townhall Apartments priced from $461. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Drake Park apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Townhall Apartments | Studio- Income Restricted | Studio,1BA | $461 |
| Village Green | Studio | Studio,1BA | $600 |
| Lenox Properties | Greenwood A | Studio,1BA | $635 |
| The Acacia | Studio - Classic | Studio,1BA | $647 |
| Stockbridge Apartments | 1x1 670-700 | 1BR,1BA | $650 |
| Ingersoll Park Studio Apartments 3607 | Studio | Studio,1BA | $675 |
| The Brady Apartments | 0BR/1.0BA | Studio,1BA | $695 |
| Riverview Oaks Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $695 |
| The Drake | B3 | 1BR,1BA | $695 |
Best Value Apartments for Rent in Drake Park, IA
As of March 07, 2026 the best value apartment in the Drake Park area is the $1.09 price per square foot 3 Bed | 2 Bath Model at 3000 Grand Apartments in the in the Southwest Des Moines neighborhood starting from $1,505. The second greatest value Drake Park apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Drake Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3000 Grand Apartments | 3 Bed | 2 Bath | 3BR,2BA | $1.09 |
| The Elmhurst | Model A | 2BR,2BA | $1.00 |
| Ingersoll Towers | Riley | 2BR,2BA | $0.80 |
| 560 29th St | 560 29th St | 2BR,1BA | $0.98 |
| The 31st Street Apartments | One Bedroom + Den | 1BR,1BA | $1.02 |
| 1604 16th St, Unit Apt 2 | 1604 16th St | 2BR,1BA | $0.92 |
| Skyloft Apartments | 2BR/1.0BA | 2BR,1BA | $1.04 |
| Discover Modern Comfort at Welbeck Apartments ~ Rent Special | Legacy 2Br/1Ba | 2BR,1BA | $1.06 |
| Stockbridge Apartments | 1x1 670-700 | 1BR,1BA | $0.93 |
| Riverview Oaks Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.07 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals in cities and towns across the United States, including Des Moines. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Drake Park Apartments
What is a cheap apartment in Drake Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Drake Park is under $695.
What is the price of a cheap apartment in Drake Park?
The cheapest apartment in Drake Park is Townhall Apartments which is listed at $480, while the average apartment in Drake Park costs $1,592.
What types of apartments are the cheapest in Drake Park?
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 80 regular apartments in Drake Park 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 Park?
Cheap apartments in Drake Park have an average cost of $163 which is $1,429 cheaper than the average rent for all rentals in Drake Park.
Expert Rental Resources
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.
Articles, How-To's, and Tips

A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa
Written by: Joseph Isenberg
I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

Maximizing Your Refund: Essential Tax Tips for Renters
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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.