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 July 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 3 Bedroom Model at Forest Avenue Village starting at $1,350 with a $1.33 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$1.33
JK Sully10752BR/1.0BA2BR,1BA$0.99
Skyloft Apartments2BR/1.0BA2BR,1BA$1.09
Kingman Gardens2BR2BR,1BA$1.13
Lofts on 34th - Leasing Special Available2BR/2.0BA2BR,2BA$2.23
The Drake ApartmentsB22BR,1BA$1.42
932 42nd St, Unit 936 B932 42nd StStudio ,1BA$1.77
3721 Cottage Grove Ave, Unit Apt 23721 Cottage Grove AveStudio ,1BA$1.63
Beaverdale Housing LLCStudioStudio ,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 $650 to $2,240. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $560 to $2,100.

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 $560 to $2,100 with an average monthly rent of $1,200.

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

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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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.