Cheap Apartments for Rent in the Drake Park Neighborhood of Des Moines, IA from $300 (152 Rentals)

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

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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

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Drake Park, Des Moines, IA Local Guide

Cheapest Available Drake Park Apartments for Rent

 

The cheapest available apartment rental in the Drake Park area of Des Moines, IA is a 1 Bed unit found at Mezzo on Walnut priced from $350. Clover Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $597. Here are the most affordable Drake Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Mezzo on WalnutAria 31BR,1BA$350
Clover Creek1/1 - Classic1BR,1BA$597
Village GreenStudioStudio,1BA$600
Plymouth Place Retirement Community 62+Studio - Retirement CommunityStudio,1BA$600
Riverview Oaks ApartmentsStudioStudio,1BA$625
Lenox PropertiesGreenwood AStudio,1BA$635
The AcaciaStudio - ClassicStudio,1BA$647
Treehouse ApartmentsStudioStudio,1BA$650
Stockbridge Apartments1x1 670-7001BR,1BA$650
The 2800 Residences2nd Floor - 1 Bed1BR,1BA$675

Best Value Apartments for Rent in Drake Park, IA

As of April 27, 2026 the best value apartment in the Drake Park area is the $1.10 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,350. The second greatest value Drake Park apartment is the 2 BR/ 1 BA Model at 3612 Ingersoll Ave starting at $1,200 with a $0.75 price per square foot in the Southwest Des Moines neighborhood. Here is today’s list of the best values for Drake Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.10
3612 Ingersoll Ave2 BR/ 1 BA2BR,1BA$0.75
3000 Grand Apartments3 Bed | 2 Bath3BR,2BA$1.02
The ElmhurstModel A2BR,2BA$1.00
560 29th St560 29th St2BR,1BA$0.98
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
Discover Modern Comfort at Welbeck Apartments ~ Rent SpecialUpgraded 2 BR/1Ba2BR,1BA$1.13
Stockbridge Apartments1x1 670-7001BR,1BA$0.93
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
Clover Creek1/1 - Grand1BR,1BA$1.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

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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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 $675.

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

The cheapest apartment in Drake Park is Mezzo on Walnut which is listed at $350, while the average apartment in Drake Park costs $1,864.

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 75 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 $190 which is $1,674 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

decorative image for A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa article

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.