Cheap Apartments for Rent in the Drake Neighborhood of Des Moines, IA from $500 (28 Rentals)

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

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3809 University Ave
Studio Apartments

3809 University Ave

3809 University AveDes Moines, IA 50311
  • Utilities Included
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Drake Collection
1 to 3 Bedroom Apartments

Drake Collection

2931 Cottage Grove AveDes Moines, IA 50311
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University West
2 Bedroom Apartments

University West

4010 UniversityDes 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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Chetwynd Apartments
1 to 2 Bedroom Apartments

Chetwynd Apartments

3519 University AveDes Moines, IA 50311
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University Park Place
Studio to 2 Bedroom Apartments

University Park Place

3725-3727 University 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

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 ListingModel NameBed/BathPriced From
Beaverdale Housing LLCStudioStudio,1BA$710
The Drake ApartmentsB11BR,1BA$775
2813 Cottage Grove Ave2 bed2BR,1BA$900
Discounted Rent for the Month of November ...2BR/1.0BA2BR,1BA$950
Forest Ave - Luxury Off-Campus Housing!1 BR1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
Forest Avenue Village3 Bedroom3BR,2BA$1.48
3120 Cottage Grove Ave, Unit Apt 23120 Cottage Grove Ave1BR,1BA$0.81
1325 24th St, Unit 21325 24th St2BR,1BA$0.95
1123 24th St, Unit 11123 24th St3BR,1BA$1.47
Forest Ave - Luxury Off-Campus Housing!1 BR1BR,1BA$1.67
4009 University Ave, Unit Unit #14009 University Ave1BR,1BA$1.40
Discounted Rent for the Month of November ...2BR/2.0BA2BR,2BA$1.66
The Drake ApartmentsB22BR,1BA$1.52
3721 Cottage Grove Ave, Unit 73721 Cottage Grove AveStudio ,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

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.

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