732 19th St
Des MoinesIA50314
Cheap Apartments for Rent in the Drake University Neighborhood of Des Moines, IA from $550 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Drake University area of Des Moines.
732 19th St
Des MoinesIA50314
732 19th St
Des MoinesIA50314
1501 University Ave
Des MoinesIA50314
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$599 - $1,010Studio to 4 Bedroom Apartments Available Now
Drake West Village
1315 31st StDes Moines, IA 50311
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$600 - $1,100Studio to 3 Bedroom Apartments Available Soon
Village Green
1042 18th StDes Moines, IA 50314
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$630 - $795Studio Apartments Available Now
The Concord Building
732 18th StDes Moines, IA 50314
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$6901 Bedroom Apartments Contact Us For Availability
1333 22nd St
1333 22nd StDes Moines, IA 50311
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Rent Specials
$695 - $1,495Studio to 2 Bedroom Apartments Available Now
Canary Lofts
2530 University AveDes Moines, IA 50311
1123 24th St
Des MoinesIA50311
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1314 22nd St
Des MoinesIA50311
2820 Cottage Grove Ave
Des MoinesIA50311
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Rent Specials
$695 - $9951 to 2 Bedroom Apartments Available Soon
The Drake
1260 34th StDes Moines, IA 50311
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$699 - $1,025Studio to 2 Bedroom Apartments Available Now
Lofts on 34th
1219 34th StDes Moines, IA 50311
1108 25th St
Des MoinesIA50311
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$710 - $1,450Studio to 2 Bedroom Apartments Available Now
Beaverdale Housing LLC
1417 Beaver AveDes Moines, IA 50311
1314 22nd St
Des MoinesIA50311
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Rent Specials
$725 - $1,195Studio to 2 Bedroom Apartments Available Now
Pleasant Court
708-716 16th StDes Moines, IA 50314
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$730 - $1,0931 to 2 Bedroom Apartments Available Now
MLK Brickstone Apartments
1051 19th StDes Moines, IA 50314
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Rent Specials
$750 - $1,325Studio to 2 Bedroom Apartments Available Now
Old Main & Drake Apartments
1217 24th StDes Moines, IA 50311
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.
1123 24th St
Des MoinesIA50311
1300 34th St
Des MoinesIA50311
1303 College Ave
Des MoinesIA50314
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$815 - $1,2801 to 2 Bedroom Apartments Available Now
Four Seasons Apartments
3003 Woodland AveDes Moines, IA 50312
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Rent Specials
$8151 Bedroom Apartments Available Now
Forest Avenue Village
3201 Forest AveDes Moines, IA 50311
1260 34th St
Des MoinesIA50311
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$835 - $1,020Studio Apartments Available Soon
Newens Dairy Lofts
2300 E University AveDes Moines, IA 50317
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$845 - $1,0001 Bedroom Apartments Available Now
722 18th St
722 18th StDes Moines, IA 50314
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$845
Total Monthly Price
Base Rent$845
Total Monthly Price$845
713 20th St, Unit 1915-3
713 20th StDes Moines, IA 50314
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$850 - $1,6001 to 2 Bedroom Apartments Available Soon
Historic Wellsport Portwell Flats
1821 Woodland AveDes Moines, IA 50309
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$865 - $1,5001 to 2 Bedroom Apartments Available Now
The Elmhurst
833 18th StDes Moines, IA 50314
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$870 - $1,1002 Bedroom Apartments Available Now
University Place Lofts
2328 University AveDes Moines, IA 50311
3519 University Ave
Des MoinesIA50311
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$895 - $1,1251 Bedroom Apartments Available Now
718 18th St
718 18th StDes Moines, IA 50314
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$900 - $1,1952 to 3 Bedroom Apartments Available Now
New Haven Apartments
2501 24th StDes Moines, IA 50310
1122 27th St
Des MoinesIA50311
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Studio Apartments
Harrington Studios
677 16th StDes Moines, IA 50314
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1 Bedroom Apartments
732 19th St
732 19th StDes Moines, IA 50314
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Studio Apartments
3809 University Ave
3809 University AveDes Moines, IA 50311
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1 Bedroom Apartments
Forest Avenue Senior Townhomes
1417 Forest AveDes Moines, IA 50314
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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Studio to 2 Bedroom Apartments
University Terrace Apartments
3523 University AveDes Moines, IA 50311
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Studio to 1 Bedroom Apartments
3309 University Ave
3309 University AveDes Moines, IA 50311
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1 to 3 Bedroom Apartments
Drake Collection
2931 Cottage Grove AveDes Moines, IA 50311
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Studio to 1 Bedroom Apartments
Twin Manor
720 17th StDes Moines, IA 50314
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1 to 2 Bedroom Apartments
Cottage Heights on 29th
1110 29th StDes Moines, IA 50311
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1 Bedroom Apartments
1314 22nd St
1314 22nd StDes Moines, IA 50311
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Studio to 3 Bedroom Apartments
1123 24th
1123 24thDes Moines, IA 50311
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1 to 2 Bedroom Apartments
The Grove at Hickman
2400 Hickman RdDes Moines, IA 50310
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1 to 2 Bedroom Apartments
The Delester Apartments
811 16th StDes Moines, IA 50314
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1 Bedroom Apartments
Cottage Grove Corner
2650 Cottage Grove AveDes Moines, IA 50311
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.
Showing Results 1-50, Page 1 of 2
Drake University, Des Moines, IA Local Guide
How much does it cost to rent an apartment in Drake University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake University Studio Apartments | $919 | $600 | $1,912 |
| Drake University 1 Bedroom Apartments | $1,008 | $595 | $1,912 |
| Drake University 2 Bedroom Apartments | $1,279 | $699 | $2,450 |
| Drake University 3 Bedroom Apartments | $1,264 | $1,100 | $1,475 |
| Drake University 4 Bedroom Apartments | $783 | $599 | $1,340 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 74 rentals with your search options within a 1 mile radius of the Drake University Neighborhood of Des Moines, IA.
See all Apartments in Des MoinesExplore Des Moines
Drake University, Des Moines, IA Local Guide
- Nearby Des Moines neighborhoods
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Cheapest Available Drake University Apartments for Rent
The cheapest available apartment rental in the Drake University area of Des Moines, IA is a 1 Bed unit found at 732 19th St priced from $550. Drake West Village has the second lowest priced unit, which is a 4 Beds apartment currently listed from $599. Here are the most affordable Drake University apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 732 19th St | 1 Beds, 1 Baths | 1BR, 1BA | $550 |
| Drake West Village | 4 Bed - 2 Bath | 4BR, 2BA | $599 |
| 3309 University Ave | 0BR/1.0BA | Studio, 1BA | $600 |
| The Concord Building | Studio | Studio, 1BA | $630 |
| 1314 22nd St | 1 Beds, 1 Baths | 1BR, 1BA | $695 |
| Canary Lofts | Studio A | Studio, 1BA | $695 |
| 1123 24th | 0 Beds, 1 Baths | Studio, 1BA | $695 |
| The Grove at Hickman | 1x1 | 1BR, 1BA | $695 |
| Lofts on 34th | 0BR/1.0BA | Studio, 1BA | $699 |
| Cottage Grove Corner | 1BR/1.0BA | 1BR, 1BA | $700 |
Best Value Apartments for Rent in Drake University, IA
As of September 22, 2026 the best value apartment in the Drake University area is the $1.10 price per square foot B2 Model at Matilda 235 Townhomes in the Downtown Des Moines neighborhood starting from $2,350. The second greatest value Drake University apartment is the Model A Model at The Elmhurst in the Downtown Des Moines neighborhood starting at $1,300 with a $1.00 price per square foot. Here is today’s list of the best values for Drake University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Matilda 235 Townhomes | B2 | 2BR, 2.5BA | $1.10 |
| The Elmhurst | Model A | 2BR, 2BA | $1.00 |
| 3120 Cottage Grove Ave, Unit 1 | 3120 Cottage Grove Ave | 3BR, 1BA | $1.18 |
| Pleasant Street Apartments | 2 bed 1 bath | 2BR, 1BA | $1.13 |
| University Place Lofts | 2 Bed 1 Bath | 2BR, 1BA | $1.00 |
| 713 20th St, Unit 1915-3 | 713 20th St | 2BR, 1BA | $0.99 |
| 2820-2822 Kingman Blvd | 1 Beds, 1 Baths | 1BR, 1BA | $0.99 |
| 1118 26th Street | 1BR/1.0BA | 1BR, 1BA | $1.06 |
| 722 18th St | 1x1 | 1BR, 1BA | $1.21 |
| MLK Brickstone Apartments | One Bedroom | 1BR, 1BA | $1.12 |
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.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Pet Friendly LifestyleDrake University, Des Moines, IA
Ranked #67
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Drake University, Des Moines, and the greater Des Moines area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Drake University Apartments
What is a cheap apartment in Drake University?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Drake University is under $700.
What is the price of a cheap apartment in Drake University?
The cheapest apartment in Drake University is 732 19th St which is listed at $550, while the average apartment in Drake University costs $975.
What types of apartments are the cheapest in Drake University?
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 16 regular apartments in Drake University 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 University?
Cheap apartments in Drake University have an average cost of $382 which is $593 cheaper than the average rent for all rentals in Drake University.
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.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.