Cheap Homes for Rent in Drake Park Neighborhood of Des Moines, IA from $600 (25 Rentals)

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

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

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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 1 Bed unit found at The Townhall Food Hall and Apartments priced from $480. Lenox Properties has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here are the most affordable Drake Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The Townhall Food Hall and Apartments1 BR1BR,1BA$480
Lenox PropertiesGreenwood AStudio,1BA$595
Clover Creek0/1 - GrandStudio,1BA$597
Village GreenStudioStudio,1BA$600
The Concord BuildingStudioStudio,1BA$630

Best Value Apartments for Rent in Drake Park, IA

As of May 27, 2026 the best value apartment in the Drake Park area is the $1.14 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,450. The second greatest value Drake Park apartment is the 3 Bed | 2 Bath Model at 3000 Grand Apartments starting at $1,405 with a $1.02 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$1.14
3000 Grand Apartments3 Bed | 2 Bath3BR,2BA$1.02
The ElmhurstModel A2BR,2BA$1.00
Alta Casa2 Beds, 1 bath2BR,1BA$1.14
MLK Brickstone ApartmentsTwo Bedroom2BR,2BA$0.95
Vine Street Lofts1 Bedroom1BR,1BA$1.19
933 18th StThe Olive1BR,1BA$1.06
Discover Modern Comfort at Welbeck Apartments ~ Rent SpecialUpgraded 2 BR/1Ba2BR,1BA$1.13
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
The Townhall Food Hall and Apartments1 BR1BR,1BA$0.76

Frequently Asked Questions about Drake Park

What type of rentals are currently available in Drake Park?

There are currently 582 Apartments for Rent in Drake Park, IA with pricing that ranges from $480 to $4,055. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake Park ranging from $650 to $4,200.

What is the current price range for Rental Homes in Drake Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake Park ranges from $650 to $4,200 with an average monthly rent of $1,767.

How much are larger Three and Four Bedroom Rentals in Drake Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake Park range from $1,100 to $2,749, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $965.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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

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.