
Cheap Homes for Rent in Drake Neighborhood of Des Moines, IA from $500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Drake area of Des Moines.
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 | $996 | $795 | $1,400 |
| Drake 3 Bedroom Homes for Rent | $1,540 | $1,395 | $1,625 |
| Drake 4 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
| Drake 5 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Drake Neighborhood of Des Moines, IA.
Explore 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2813 Cottage Grove Ave | 2 bed | 2BR,1BA | $0.82 |
| Forest Avenue Village | 3 Bedroom | 3BR,2BA | $1.48 |
| 3120 Cottage Grove Ave, Unit Apt 2 | 3120 Cottage Grove Ave | 1BR,1BA | $0.81 |
| 1325 24th St, Unit 2 | 1325 24th St | 2BR,1BA | $0.95 |
| 1123 24th St, Unit 1 | 1123 24th St | 3BR,1BA | $1.47 |
| Forest Ave - Luxury Off-Campus Housing! | 1 BR | 1BR,1BA | $1.67 |
| 4009 University Ave, Unit Unit #1 | 4009 University Ave | 1BR,1BA | $1.40 |
| Discounted Rent for the Month of November ... | 2BR/2.0BA | 2BR,2BA | $1.66 |
| The Drake Apartments | B2 | 2BR,1BA | $1.52 |
| 3721 Cottage Grove Ave, Unit 7 | 3721 Cottage Grove Ave | Studio ,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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

