3721 Cottage Grove Ave
Des MoinesIA50311
Cheap Homes for Rent in Drake Neighborhood of Des Moines, IA from $600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Drake area of Des Moines.
1108 25th St
Des MoinesIA50311
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
3903 University Ave
Des MoinesIA50311
1215 25th St
Des MoinesIA50311
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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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 | $1,299 | $995 | $1,650 |
| Drake 3 Bedroom Homes for Rent | $1,492 | $1,185 | $1,800 |
| Drake 4 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Drake Neighborhood of Des Moines, IA.
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Best Value Apartments for Rent in Drake, IA
As of June 11, 2026 the best value apartment in the Drake area is the $1.39 price per square foot 3 Beds, 1 Baths Model at 1123 24th in the in the Drake Park neighborhood starting from $1,185. The second greatest value Drake apartment is the 1 Beds, 1 Baths Model at 2820-2822 Kingman Blvd starting at $745 with a $0.99 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. |
|---|---|---|---|
| 1123 24th | 3 Beds, 1 Baths | 3BR,1BA | $1.39 |
| 2820-2822 Kingman Blvd | 1 Beds, 1 Baths | 1BR,1BA | $0.99 |
| Forest Ave Townhomes | 1 BR | 1BR,1BA | $1.67 |
| The Drake | B2 | 2BR,1BA | $1.46 |
| Canary Lofts | Alcove F | 1BR,1BA | $2.41 |
| Forest Avenue Village | Studio | Studio ,1BA | $2.04 |
| 3721 Cottage Grove Ave | 3721 Cottage Grove Ave | Studio ,1BA | $1.63 |
| 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 159 Apartments for Rent in Drake, IA with pricing that ranges from $525 to $1,984. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $650 to $1,800.
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 $650 to $1,800 with an average monthly rent of $1,202.
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.