Cheap Homes for Rent in the Drake Park Neighborhood of Des Moines, IA from $500 (41 Rentals)

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

property at 732 19th St

$595

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 732 19th St

$625

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 1123 24th St

$695

Studio, 1 Bath Rentals

Available Now

1123 24th St

Des MoinesIA50311
property at 1108 25th St

$700

1 Bedroom, 1 Bath Rentals

Available Now

1108 25th St

Des MoinesIA50311

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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property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311
property at 1314 22nd St

$725

1 Bedroom, 1 Bath Rentals

Available Now

1314 22nd St

Des MoinesIA50311

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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property at 732 19th St

$725

1 Bedroom, 1 Bath Rentals

Available Now

732 19th St

Des MoinesIA50314
property at 1215 25th St

$775

1 Bedroom, 1 Bath Rentals

Available Now

1215 25th St

Des MoinesIA50311

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 901 41st St

$995

2 Bedroom, 1 Bath Rentals

Available Now

901 41st St

Des MoinesIA50312
property at 1914 10th St

$1,050

2 Bedroom, 1 Bath Rentals

Available Now

1914 10th St

Des MoinesIA50314
property at 1617 34th St

$1,075

2 Bedroom, 1 Bath Rentals

Available Now

1617 34th St

Des MoinesIA50310
property at 1123 24th St

$1,185

3 Bedroom, 1 Bath Rentals

Available Now

1123 24th St

Des MoinesIA50311

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1829 48th St

$1,200

1 Bedroom, 1 Bath Rentals

Available Now

1829 48th St

Des MoinesIA50310
Showing Results 1-41, Page 1 of 1

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. 732 19th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable Drake Park apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Village GreenStudioStudio,1BA$600
732 19th St1 Beds, 1 Baths1BR,1BA$625
The Concord BuildingStudioStudio,1BA$630
The AcaciaStudio - ClassicStudio,1BA$647
The 2800 Residences2nd Floor - 1 Bed1BR,1BA$675
The Flats on 21st1 Bedroom1BR,1BA$695
The Grove at Hickman1x11BR,1BA$695
The DrakeB31BR,1BA$695
Arlington HallettStudio EastStudio,1BA$695
Lenox PropertiesDrake B1BR,1BA$695

Best Value Apartments for Rent in Drake Park, IA

As of July 12, 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 1250 9th St Model at 1250 9th St, Unit Unite #1 starting at $1,200 with a $0.71 price per square foot in the Grandview College Area 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
1250 9th St, Unit Unite #11250 9th St3BR,1.5BA$0.71
The ElmhurstModel A2BR,2BA$1.00
Alta Casa2 Bedroom2BR,1BA$1.14
560 29th St560 29th St2BR,1BA$0.98
Vine Street Lofts1 Bedroom1BR,1BA$1.10
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99
Welbeck ApartmentsLegacy 2Br/1Ba2BR,1BA$0.99
Riverview Oaks Apartments1 Bedroom 1 Bathroom1BR,1BA$1.15
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12

Frequently Asked Questions about Drake Park

What type of rentals are currently available in Drake Park?

There are currently 594 Apartments for Rent in Drake Park, IA with pricing that ranges from $480 to $4,064. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake Park ranging from $525 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 $525 to $4,200 with an average monthly rent of $1,809.

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 $2,758, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $2,385. Four Bedroom Single-Family rentals are also available starting from $1,850 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.