Cheap Homes for Rent in Drake Neighborhood of Des Moines, IA from $600 (3 Rentals)

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

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Best Value Apartments for Rent in Drake, IA

As of May 29, 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 2 Bedroom 2 Bathroom Model at High Street Lofts starting at $1,625 with a $1.69 price per square foot in the Southwest 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
High Street Lofts2 Bedroom 2 Bathroom2BR,2BA$1.69
VueA31BR,1BA$1.75
Franklin Court ApartmentsCOZY DELUX2BR,1BA$1.33
Ingersoll Square Lofts2A31BR,1BA$1.88
The Drake1 Bedroom 1 Bathroom1BR,1BA$1.17
3000 Grand ApartmentsStudio | 1 BathStudio ,1BA$1.44
Imperial Grand PrixGrand Prix StudioStudio ,1BA$1.63
Forest Avenue Village0BR/1.0BAStudio ,1BA$1.83
Beaverdale Housing LLCStudioStudio ,1BA$1.87

Frequently Asked Questions about Drake

What type of rentals are currently available in Drake?

There are currently 167 Apartments for Rent in Drake, IA with pricing that ranges from $710 to $3,059. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $695 to $2,700.

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 $695 to $2,700 with an average monthly rent of $1,498.

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.

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

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.