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$450Studio Apartment Available Now
3721 Cottage Grove Ave, Unit 7
3721 Cottage Grove AveDes Moines, IA 50311
Cheap Apartments for Rent in the Drake Neighborhood of Des Moines, IA from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Drake area of Des Moines.
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Rent Specials
$680 - $1,3701 to 4 Bedroom Apartments Available Now
The Drake Apartments
1260 34th StDes Moines, IA 50311
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$710 - $1,450Studio to 2 Bedroom Apartments Available Now
Beaverdale Housing LLC
1417 Beaver AveDes Moines, IA 50311
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$785 - $1,325Studio to 2 Bedroom Apartments Available Now
Old Main & Drake Apartments
1217 24th StDes Moines, IA 50311
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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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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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Showing Results 1-13, Page 1 of 1
Drake, Des Moines, IA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Drake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake Studio Apartments | $1,129 | $490 | $2,928 |
| Drake 1 Bedroom Apartments | $1,149 | $680 | $2,928 |
| Drake 2 Bedroom Apartments | $1,082 | $795 | $1,550 |
| Drake 3 Bedroom Apartments | $1,392 | $1,100 | $1,625 |
| Drake 4 Bedroom Apartments | $1,370 | $1,370 | $1,370 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Drake Neighborhood of Des Moines, IA.
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Cheapest Available Drake Apartments for Rent
The cheapest available apartment rental in the Drake area of Des Moines, IA is a Studio unit found at Beaverdale Housing LLC priced from $710. The Drake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Drake apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beaverdale Housing LLC | Studio | Studio,1BA | $710 |
| The Drake Apartments | B1 | 1BR,1BA | $775 |
| Old Main & Drake Apartments | Studio | Studio,1BA | $785 |
| Skyloft Apartments | 2BR/1.0BA | 2BR,1BA | $850 |
| 2813 Cottage Grove Ave | 2 bed | 2BR,1BA | $900 |
Best Value Apartments for Rent in Drake, IA
As of January 03, 2026 the best value apartment in the Drake area is the $0.82 price per square foot 2 bed Model at 2813 Cottage Grove Ave in the in the Drake Park neighborhood starting from $900. The second greatest value Drake apartment is the 3 Bedroom Model at Forest Avenue Village starting at $1,500 with a $1.48 price per square foot in the Northwest Des Moines neighborhood. Here is today’s list of the best values for Drake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2813 Cottage Grove Ave | 2 bed | 2BR,1BA | $0.82 |
| Forest Avenue Village | 3 Bedroom | 3BR,2BA | $1.48 |
| 1123 24th St, Unit 1 | 1123 24th St | 3BR,1BA | $1.39 |
| Skyloft Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
| Forest Ave - Luxury Off-Campus Housing! | 1 BR | 1BR,1BA | $1.67 |
| The Drake Apartments | B1 | 1BR,1BA | $1.24 |
| Discounted Rent for the Month of December - Immediate Move In! | 2BR/2.0BA | 2BR,2BA | $1.66 |
| Old Main & Drake Apartments | Studio | Studio ,1BA | $2.03 |
| Beaverdale Housing LLC | Studio | Studio ,1BA | $1.87 |
| 3721 Cottage Grove Ave, Unit 7 | 3721 Cottage Grove Ave | Studio ,1BA | $1.50 |
Frequently Asked Questions about Cheap Drake Apartments
What is a cheap apartment in Drake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Drake is under $1,500.
What is the price of a cheap apartment in Drake?
The cheapest apartment in Drake is Beaverdale Housing LLC which is listed at $750, while the average apartment in Drake costs $1,500.
What types of apartments are the cheapest in Drake?
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 3 regular apartments in Drake 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?
Cheap apartments in Drake have an average cost of $200 which is $1,300 cheaper than the average rent for all rentals in Drake.
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.