Cheap Homes for Rent in Drake Neighborhood of Des Moines, IA from $500 (3 Rentals)

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

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

Frequently Asked Questions about Drake

What type of rentals are currently available in Drake?

There are currently 164 Apartments for Rent in Drake, IA with pricing that ranges from $500 to $2,352. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $500 to $2,195.

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 $500 to $2,195 with an average monthly rent of $1,318.

How much are larger Three and Four Bedroom Rentals in Drake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake range from $1,100 to $1,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $1,625. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $1,370.

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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