
Cheap Apartments for Rent near Drake, CO from $1,075 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Drake.


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Lincoln Hotel Apartments

Ramblewood Apartments

Locust Park Apartments

Ashley Estates

Lakeview on the Rise

Ridgeview Apartments

Bristol Pointe Apartments
Rent According to Income: A Look at Income-Restricted Rentals
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The Hewing

Thompson Valley Apartments

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Patina Flats at the Foundry Apartments

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2020 W Plum St

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Lakemont Apartments

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Lincoln Place

Wintergreen Apartments

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Pinyon Pointe
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Habitat at Fort Collins

Alder Square Townhomes

Tyler at Loveland

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The Granary

Heron Pointe Apartments

Gallery Flats

3508 Chestnut Ave

770 Douglas Ave
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Springfield Court Apartments

Autumn Lake

1804 Lily Pl

10th Street Square Apartments

1925 Pecan St

1925 Pecan St

2897 Greenland Dr

Ridgewood Hills Apartments
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3200 Azalea Dr

927 Cortez Ct

1709 Banyan Dr
Drake, CO Local Guide

How much does it cost to rent an apartment in Drake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake Studio Apartments | $1,660 | $1,150 | $2,730 |
| Drake 1 Bedroom Apartments | $1,721 | $1,230 | $3,316 |
| Drake 2 Bedroom Apartments | $1,864 | $1,350 | $3,015 |
| Drake 3 Bedroom Apartments | $2,054 | $1,434 | $5,622 |
| Drake 4 Bedroom Apartments | $2,242 | $2,242 | $2,242 |
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Drake, CO Local Guide
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Cheapest Available Drake Apartments for Rent and Nearby
 The cheapest available apartment rental in Drake, CO is a Studio unit found at Lincoln Hotel Apartments in the Hunters Run neighborhood priced from $1,075. Springfield Court Apartments in the Fort Collins neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,354. Here is today’s list of the most affordable Drake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Hotel Apartments | Studio | Studio,1BA | $1,075 |
| Springfield Court Apartments | 2 bedroom | 2BR,1BA | $1,354 |
| Ridgewood Hills Apartments | Unit 1J | 1BR,1BA | $1,375 |
| Ridgeview Apartments | Unit 1J | 1BR,1BA | $1,400 |
| Bristol Pointe Apartments | Sugarloaf | Studio,1BA | $1,404 |
| The Hewing | Maple | 1BR,1BA | $1,410 |
| Ramblewood Apartments | Sumac | 2BR,1BA | $1,425 |
| Thompson Valley Apartments | Unit 1C | 1BR,1BA | $1,425 |
| 2020 W Plum St | 2 Beds, 1 bath | 2BR,1BA | $1,469 |
| Patina Flats at the Foundry Apartments | Julian III | Studio,1BA | $1,469 |
Best Value Apartments for Rent in Drake, CO and Nearby
As of August 26, 2026 the best value apartment in the Drake area is the $1.53 price per square foot 4 Bedroom Townhome Model at Springfield Court Apartments in the in the Fort Collins neighborhood starting from $2,068. The second greatest value Drake apartment is the 2/2 Model at Lakeview on the Rise starting at $1,608 with a $1.37 price per square foot in the Fort Collins 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. |
|---|---|---|---|
| Springfield Court Apartments | 4 Bedroom Townhome | 4BR,2BA | $1.53 |
| Lakeview on the Rise | 2/2 | 2BR,2BA | $1.37 |
| The Buttes Apartments | Panorama | 2BR,2BA | $1.68 |
| Ashley Estates | 2/2 | 2BR,2BA | $1.43 |
| Wintergreen Apartments | Unit 2.2Q | 2BR,2BA | $1.70 |
| Alder Square Townhomes | 2 Bedroom 2 Bath Townhome | 2BR,2BA | $1.54 |
| PeakView by Horseshoe Lake Apartments | Telluride | 2BR,1BA | $1.66 |
| Stoneridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.86 |
| 1030-2601 Davidson Dr | 2 bedroom | 2BR,1BA | $1.84 |
| Gallery Flats | 2/2 00-2 | 2BR,2BA | $1.79 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Drake, CO Rentals by Map
See the most popular apartments and homes in Drake, CO
Frequently Asked Questions about Cheap Drake Apartments
What is the Cheapest Studio apartment in Drake?
Currently the most affordable Cheap Studio Apartment in Drake is at Lincoln Hotel Apartments listed at $1,075.
How much is rent for a Cheap One Bedroom Drake Apartment?
The lowest price for a Cheap One Bedroom Drake Apartment is $1,200 at Lincoln Hotel Apartments.
What is the lowest price for a Cheap Two Bedroom Drake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Drake is starting from $1,354 at Springfield Court Apartments.
What is the most affordable Drake Three Bedroom Apartment?
The best deal on a cheap Drake Three Bedroom Apartment rental is at Ramblewood Apartments and starts from $1,434.
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

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.