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$710 - $1,450Studio to 2 Bedroom Apartments Available Now
Beaverdale Housing LLC
1417 Beaver AveDes Moines, IA 50311
Cheap Apartments for Rent in the Drake Neighborhood of Des Moines, IA from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Drake area of Des Moines.
1108 25th St
Des MoinesIA50311
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$750
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$750
Total Monthly Price
$750
2915 Cottage Grove Ave, Unit 2, Unit 2
2915 Cottage Grove AveDes Moines, IA 50311
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$785 - $1,325Studio to 2 Bedroom Apartments Available May 8
Old Main & Drake Apartments
1217 24th StDes Moines, IA 50311
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Rent Specials
$795 - $1,5151 to 3 Bedroom Apartments Available Now
The Drake
1260 34th StDes Moines, IA 50311
1215 25th St
Des MoinesIA50311
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Rent Specials
$867 - $1,584Studio to 3 Bedroom Apartments Available May 16
Forest Avenue Village
3201 Forest AveDes Moines, IA 50311
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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Rent Specials
$890 - $1,715Studio to 2 Bedroom Apartments Available Now
Canary Lofts
2530 University AveDes Moines, IA 50311
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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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$950Studio Apartments Contact Us For Availability
Lofts on 34th
1219 34th StDes Moines, IA 50311
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$1,0001 Bedroom Apartments Available May 1
925-925 28th St, Unit 925
925-925 28th StDes Moines, IA 50312
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Studio Apartments
3809 University Ave
3809 University AveDes Moines, IA 50311
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Studio to 2 Bedroom Apartments
University Terrace Apartments
3523 University AveDes Moines, IA 50311
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1 to 3 Bedroom Apartments
Drake Collection
2931 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.
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2 Bedroom Apartments
University West
4010 UniversityDes Moines, IA 50311
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1 to 3 Bedroom Apartments
Kingman Gardens
3010 Kingman BlvdDes Moines, IA 50311
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Studio to 2 Bedroom Apartments
Kingstone Apartments 2
3121 Kingman BlvdDes Moines, IA 50311
3903 University Ave
Des MoinesIA50311
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1 to 2 Bedroom Apartments
Drake Pointe
1101 25th StDes Moines, IA 50311
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1 to 2 Bedroom Apartments
Cottage Heights on 29th
1110 29th StDes Moines, IA 50311
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1 to 2 Bedroom Apartments
1069 33rd St
1069 33rd StDes Moines, IA 50311
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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2 Bedroom Apartments
JK Sully 1075
1075 33rd StDes Moines, IA 50311
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1 to 2 Bedroom Apartments
Chetwynd Apartments
3519 University AveDes Moines, IA 50311
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2 Bedroom Apartments
1414 30th St
1414 30th StDes Moines, IA 50311
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Studio to 2 Bedroom Apartments
University Park Apartments
3725-3727 University AveDes Moines, IA 50311
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2 Bedroom Apartments
Kingman Blvd Apartments
2600 Kingman BlvdDes Moines, IA 50311
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2 Bedroom Apartments
Drake Terrace
1100 24th StDes Moines, IA 50311
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1 to 3 Bedroom Apartments
2813 Cottage Grove Ave
2813 Cottage Grove AveDes Moines, IA 50311
Des Moines's Best Affordable Neighborhoods
Learn about Des Moines and the best places to live with original content written by our Local Expert Joseph Isenberg
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2 Bedroom Apartments
Drake Court
1126 25th StDes Moines, IA 50311
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1 to 3 Bedroom Apartments
Kingman Gardens
1025 31st StDes Moines, IA 50311
Showing Results 1-30, 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 | $999 | $710 | $2,491 |
| Drake 1 Bedroom Apartments | $1,074 | $750 | $2,394 |
| Drake 2 Bedroom Apartments | $1,128 | $825 | $1,715 |
| Drake 3 Bedroom Apartments | $1,565 | $1,335 | $1,875 |
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 30 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. Cottage Heights on 29th has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. 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 |
| Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $795 |
| The Drake | C2 | 2BR,1BA | $825 |
| Canary Lofts | Studio A | Studio,1BA | $890 |
| Forest Ave - Luxury Off-Campus Housing! | 1 BR | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Drake, IA
As of April 25, 2026 the best value apartment in the Drake area is the $1.67 price per square foot 1 BR Model at Forest Ave - Luxury Off-Campus Housing! in the in the Northwest Des Moines neighborhood starting from $1,125. The second greatest value Drake apartment is the 2915 Cottage Grove Ave Model at 2915 Cottage Grove Ave, Unit 2 starting at $750 with a $1.15 price per square foot in the Merle Hay 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. |
|---|---|---|---|
| Forest Ave - Luxury Off-Campus Housing! | 1 BR | 1BR,1BA | $1.67 |
| 2915 Cottage Grove Ave, Unit 2 | 2915 Cottage Grove Ave | 1BR,1BA | $1.15 |
| Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $1.41 |
| The Drake | B2 | 2BR,1BA | $1.46 |
| Beaverdale Housing LLC | Studio | Studio ,1BA | $1.87 |
| Canary Lofts | Studio A | Studio ,1BA | $2.70 |
Frequently Asked Questions about Cheap Drake Apartments
What is the Cheapest Studio apartment in Drake?
Currently the most affordable Cheap Studio Apartment in Drake is at Beaverdale Housing LLC listed at $710.
How much is rent for a Cheap One Bedroom Drake Apartment?
The lowest price for a Cheap One Bedroom Drake Apartment is $750 at Beaverdale Housing LLC.
What is the lowest price for a Cheap Two Bedroom Drake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Drake is starting from $825 at The 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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.