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$500Studio 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 $500 (28 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 - $1,3801 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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$7751 Bedroom Apartment Available Now
3120 Cottage Grove Ave, Unit Apt 2
3120 Cottage Grove 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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$8751 Bedroom Apartment Available Now
4009 University Ave, Unit Unit #1
4009 University AveDes Moines, IA 50311
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1083 27th St
Des MoinesIA50311
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$900 - $1,0501 to 2 Bedroom Apartments Available Now
University Place Lofts
2328 University AveDes Moines, IA 50311
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$900 - $1,1752 to 3 Bedroom Apartments Available Now
2813 Cottage Grove Ave
2813 Cottage Grove AveDes Moines, IA 50311
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$900 - $1,600Studio to 3 Bedroom Apartments Available Now
Forest Avenue Village
3201 Forest AveDes Moines, IA 50311
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Showing Results 1-28, 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 | $1,001 | $500 | $2,352 |
| Drake 1 Bedroom Apartments | $1,080 | $680 | $2,352 |
| Drake 2 Bedroom Apartments | $1,118 | $795 | $1,550 |
| Drake 3 Bedroom Apartments | $1,405 | $1,100 | $1,600 |
| Drake 4 Bedroom Apartments | $1,370 | $1,370 | $1,370 |
Browse Apartments in this Neighborhood
There are currently 28 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 |
| 2813 Cottage Grove Ave | 2 bed | 2BR,1BA | $900 |
| Discounted Rent for the Month of November ... | 2BR/1.0BA | 2BR,1BA | $950 |
| Forest Ave - Luxury Off-Campus Housing! | 1 BR | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Drake, IA
As of November 08, 2025 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 |
| 3120 Cottage Grove Ave, Unit Apt 2 | 3120 Cottage Grove Ave | 1BR,1BA | $0.81 |
| 1325 24th St, Unit 2 | 1325 24th St | 2BR,1BA | $0.95 |
| 1123 24th St, Unit 1 | 1123 24th St | 3BR,1BA | $1.47 |
| Forest Ave - Luxury Off-Campus Housing! | 1 BR | 1BR,1BA | $1.67 |
| 4009 University Ave, Unit Unit #1 | 4009 University Ave | 1BR,1BA | $1.40 |
| Discounted Rent for the Month of November ... | 2BR/2.0BA | 2BR,2BA | $1.66 |
| The Drake Apartments | B2 | 2BR,1BA | $1.52 |
| 3721 Cottage Grove Ave, Unit 7 | 3721 Cottage Grove Ave | Studio ,1BA | $1.67 |
Getting Around the Drake Neighborhood in Des Moines, IA
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
Transit Score®
38 / 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 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 $1,125.
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 $1,440.
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 2 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 $195 which is $1,245 cheaper than the average rent for all rentals in Drake.
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.