1123 24th St, Unit 20-2023
1123 24th St
Des MoinesIA50311
Cheap Homes for Rent in the Drake Neighborhood of Des Moines, IA from $695 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Drake area of Des Moines.
1108 25th St, Unit D1-SpaceC
1108 25th St
Des MoinesIA50311
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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$8751 Bedroom Apartments Available Now
4009 University Ave, Unit 1
4009 University AveDes Moines, IA 50311
1122 27th St
Des MoinesIA50311
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1206 39th St
Des MoinesIA50311
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Drake, Des Moines, IA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Drake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake 2 Bedroom Homes for Rent | $1,266 | $1,075 | $1,650 |
| Drake 3 Bedroom Homes for Rent | $1,467 | $1,185 | $2,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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 1 Bed unit found at Cottage Heights on 29th priced from $545. Drake West Village has the second lowest priced unit, which is a 4 Beds apartment currently listed from $599. 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 | $545 |
| Drake West Village | 4 Bed - 2 Bath | 4BR,2BA | $599 |
| 3309 University Ave | 0BR/1.0BA | Studio,1BA | $600 |
Best Value Apartments for Rent in Drake, IA
As of September 10, 2026 the best value apartment in the Drake area is the $1.18 price per square foot 3120 Cottage Grove Ave Model at 3120 Cottage Grove Ave, Unit 1 in the in the Merle Hay neighborhood starting from $1,475. The second greatest value Drake apartment is the 2 Bed 1 Bath Model at University Place Lofts starting at $870 with a $1.00 price per square foot in the Drake Park 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. |
|---|---|---|---|
| 3120 Cottage Grove Ave, Unit 1 | 3120 Cottage Grove Ave | 3BR,1BA | $1.18 |
| University Place Lofts | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
| Kingstone Apartments 2 | 2BR/1.0BA | 2BR,1BA | $1.21 |
| 1118 26th Street | 1BR/1.0BA | 1BR,1BA | $1.06 |
| 2820-2822 Kingman Blvd | 1 Beds, 1 Baths | 1BR,1BA | $0.99 |
| Forest Ave Townhomes | 1 BR | 1BR,1BA | $1.59 |
| Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $0.96 |
| Cottage Grove Corner | 1BR/1.0BA | 1BR,1BA | $1.27 |
| 3309 University Ave | 0BR/1.0BA | Studio ,1BA | $1.26 |
| Forest Avenue Village | Studio | Studio ,1BA | $1.66 |
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 $690 to $1,912. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $695 to $2,000.
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 $2,000 with an average monthly rent of $1,232.
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.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.