Cheap Apartments for Rent in the Drake Park Neighborhood of Des Moines, IA from $400 (164 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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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 Studio unit found at Village Green priced from $600. Clover Creek has the second lowest priced unit, which is a Studio apartment currently listed from $611. Here are the most affordable Drake Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Village GreenStudioStudio,1BA$600
Clover Creek0/1 - ClassicStudio,1BA$611
The AcaciaStudio - ClassicStudio,1BA$647
Stockbridge Apartments1x1 670-7001BR,1BA$650
Lenox PropertiesGreenwood AStudio,1BA$650
The 31st Street ApartmentsOne Bedroom1BR,1BA$679
The Grove at Hickman1x11BR,1BA$695
The Fleming Building#2 - StudioStudio,1BA$695
Hampton House ApartmentsStudioStudio,1BA$699

Best Value Apartments for Rent in Drake Park, IA

As of November 26, 2025 the best value apartment in the Drake Park area is the $0.84 price per square foot 2 BR/ 1 BA Model at 3612 Ingersoll Ave in the in the Southwest Des Moines neighborhood starting from $1,350. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
3612 Ingersoll Ave2 BR/ 1 BA2BR,1BA$0.84
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
1215 23rd St, Unit 1215 23RD apt #31215 23rd St2BR,1BA$0.80
3120 Cottage Grove Ave, Unit Apt 23120 Cottage Grove Ave1BR,1BA$0.81
Hamilton ApartmentsOne Bedroom1BR,1BA$0.84
Ingersoll TowersGreenwood2BR,1BA$0.93
713 20th St, Unit 1915-2713 20th St2BR,1BA$1.00
Riverview Oaks Apartments2 Bedroom 1 Bathroom2BR,1BA$0.94
Stockbridge Apartments1x1 670-7001BR,1BA$0.93

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

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Quick Rent Budget Calculator

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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!

Getting Around the Drake Park Neighborhood in Des Moines, IA

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

42 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $699.

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

The cheapest apartment in Drake Park is Stockbridge Apartments which is listed at $650, while the average apartment in Drake Park costs $1,701.

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 93 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 $152 which is $1,549 cheaper than the average rent for all rentals in Drake Park.

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 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

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