
Cheap Homes for Rent in Drake Neighborhood of Des Moines, IA from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Drake area of Des Moines.


1000 24th St

1000 24th St

1000 24th St

1334 32nd St

1334 32nd St

2822 Kingman Blvd
Drake, Des Moines, IA Local Guide

How much does it cost to rent a home in Drake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Drake 2 Bedroom Homes for Rent | $1,138 | $795 | $1,495 |
Drake 3 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Drake Neighborhood of Des Moines, IA.
Explore Des Moines
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 $645. Canary Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Drake apartments for rent in Des Moines, IA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $645 |
Canary Lofts | S1 - Studio A | Studio,1BA | $695 |
Beaverdale Housing LLC | Studio | Studio,1BA | $710 |
Best Value Apartments for Rent in Drake, IA
As of September 15, 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 2BR/1.0BA Model at Skyloft Apartments starting at $875 with a $1.09 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 |
Skyloft Apartments | 2BR/1.0BA | 2BR,1BA | $1.09 |
Forest Ave Rowhomes | FIRST MONTH'S RENT WAIVED! Welcome to Forest Av... | 1BR,1BA | $1.67 |
4009 University Ave, Unit 1 | 4009 University Ave | 1BR,1BA | $1.48 |
Kingstone Apartments 2 | 1BR/1.0BA | 1BR,1BA | $1.23 |
Lofts on 34th - Leasing Special Available | 2BR/2.0BA | 2BR,2BA | $2.23 |
Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $1.14 |
Canary Lofts | S3 - Studio C | Studio ,1BA | $2.23 |
Old Main & Drake Apartments | Studio | Studio ,1BA | $2.03 |
Beaverdale Housing LLC | Studio | Studio ,1BA | $1.87 |
Frequently Asked Questions about Drake
What type of rentals are currently available in Drake?
There are currently 160 Apartments for Rent in Drake, IA with pricing that ranges from $640 to $2,500. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $560 to $1,495.
What is the current price range for Rental Homes in Drake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake ranges from $560 to $1,495 with an average monthly rent of $990.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.