Cheap Apartments for Rent in the Drake Neighborhood of Des Moines, IA from $545 (43 Rentals)

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

property at 1260 34th St
$695 - $1,565
1 To 4 Bedroom Rentals
Available Now
Affordability

1260 34th St

Des MoinesIA50311

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property at 1122 27th St
$900 - $1,300

Total Monthly Price

Base Rent$900 - $1,300
Total Monthly Price$900 - $1,300
2 To 3 Bedroom Homes for Rent
Available Now

1122 27th St

Des MoinesIA50311
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3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
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Drake West Village
Studio to 4 Bedroom Apartments

Drake West Village

1315 31st StDes Moines, IA 50311
Student Housing
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3309 University Ave
Studio to 1 Bedroom Apartments

3309 University Ave

3309 University AveDes Moines, IA 50311
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Drake Collection
1 to 3 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311

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1123 24th
Studio to 3 Bedroom Apartments

1123 24th

1123 24thDes Moines, IA 50311
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Kingman Gardens
1 to 3 Bedroom Apartments

Kingman Gardens

3010 Kingman BlvdDes Moines, IA 50311
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Drake Pointe
1 to 2 Bedroom Apartments

Drake Pointe

1101 25th StDes Moines, IA 50311
Student Housing
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1069 33rd St
1 to 2 Bedroom Apartments

1069 33rd St

1069 33rd StDes Moines, IA 50311
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1118 26th Street
1 Bedroom Apartments

1118 26th Street

1118 26th StDes Moines, IA 50311

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JK Sully 1075
2 Bedroom Apartments

JK Sully 1075

1075 33rd StDes Moines, IA 50311
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Chetwynd Apartments
1 to 2 Bedroom Apartments

Chetwynd Apartments

3519 University AveDes Moines, IA 50311
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1414 30th St
2 Bedroom Apartments

1414 30th St

1414 30th StDes Moines, IA 50311
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University Park Apartments
Studio to 2 Bedroom Apartments

University Park Apartments

3725-3727 University AveDes Moines, IA 50311
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2813 Cottage Grove Ave
1 to 3 Bedroom Apartments

2813 Cottage Grove Ave

2813 Cottage Grove AveDes Moines, IA 50311
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Drake Terrace
2 Bedroom Apartments

Drake Terrace

1100 24th StDes Moines, IA 50311
Student Housing
  • Utilities Included

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Drake Court
2 Bedroom Apartments

Drake Court

1126 25th StDes Moines, IA 50311
  • Utilities Included
property at 1206 39th St
$850 - $950
1 Bedroom Rentals
Available Now
Affordability

1206 39th St

Des MoinesIA50311
Showing Results 1-43, Page 1 of 1

Cheapest Available Drake Apartments for Rent

 

The cheapest available apartment rental in the Drake area of Des Moines, IA is a 1 Bed unit found at Cottage Heights on 29th priced from $545. 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 apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Cottage Heights on 29th1 Bedroom1BR,1BA$545
Drake West Village4 Bed - 2 Bath4BR,2BA$599
3309 University Ave0BR/1.0BAStudio,1BA$600
Forest Avenue VillageStudioStudio,1BA$690
Canary LoftsStudio AStudio,1BA$695
1123 24th0 Beds, 1 BathsStudio,1BA$695
Lofts on 34th0BR/1.0BAStudio,1BA$699
Cottage Grove Corner1BR/1.0BA1BR,1BA$700
Beaverdale Housing LLCStudioStudio,1BA$710
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$745

Best Value Apartments for Rent in Drake, IA

As of September 09, 2026 the best value apartment in the Drake area is the $1.18 price per square foot 3120 Cottage Grove Ave Model at 3120 Cottage Grove Ave, Unit 1 in the in the Merle Hay neighborhood starting from $1,475. The second greatest value Drake apartment is the 2 Bed 1 Bath Model at University Place Lofts starting at $870 with a $1.00 price per square foot in the Drake Park neighborhood. Here is today’s list of the best values for Drake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3120 Cottage Grove Ave, Unit 13120 Cottage Grove Ave3BR,1BA$1.18
University Place Lofts2 Bed 1 Bath2BR,1BA$1.00
Kingstone Apartments 22BR/1.0BA2BR,1BA$1.21
1118 26th Street1BR/1.0BA1BR,1BA$1.06
2820-2822 Kingman Blvd1 Beds, 1 Baths1BR,1BA$0.99
Forest Ave Townhomes1 BR1BR,1BA$1.59
Cottage Heights on 29th1 Bedroom1BR,1BA$0.96
Cottage Grove Corner1BR/1.0BA1BR,1BA$1.27
3309 University Ave0BR/1.0BAStudio ,1BA$1.26
Forest Avenue VillageStudioStudio ,1BA$1.66

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 $745.

What is the price of a cheap apartment in Drake?

The cheapest apartment in Drake is Cottage Heights on 29th which is listed at $545, while the average apartment in Drake costs $937.

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 $213 which is $724 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

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A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

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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.

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.