Search the lowest-cost Apartments available for rent right now in Drake.
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.
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.
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake Studio Apartments | $1,705 | $1,150 | $2,578 |
| Drake 1 Bedroom Apartments | $1,742 | $1,230 | $3,386 |
| Drake 2 Bedroom Apartments | $1,913 | $1,425 | $3,402 |
| Drake 3 Bedroom Apartments | $2,126 | $1,410 | $5,538 |
| Drake 4 Bedroom Apartments | $2,716 | $2,716 | $2,716 |
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. Locust Park Apartments in the Loveland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. 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 |
| Locust Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,250 |
| Bristol Pointe Apartments | Sugarloaf | Studio,1BA | $1,404 |
| Ramblewood Apartments | Sequoia | 3BR,1BA | $1,410 |
| 2020 W Plum St | 2 Beds, 1 bath | 2BR,1BA | $1,469 |
As of July 12, 2026 the best value apartment in the Drake area is the $1.44 price per square foot Unit 3E Model at Thompson Valley Apartments in the in the Loveland neighborhood starting from $1,875. 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. |
|---|---|---|---|
| Thompson Valley Apartments | Unit 3E | 3BR,2BA | $1.44 |
| Lakeview on the Rise | 2/2 | 2BR,2BA | $1.37 |
| Wintergreen Apartments | Unit 2.2P | 2BR,2BA | $1.62 |
| Lincoln Place | Vermeer | 2BR,2BA | $1.71 |
| Alder Square Townhomes | 2 Bedroom 2 Bath Townhome | 2BR,2BA | $1.64 |
| Lakemont Apartments | Remodeled 2bedroom, 1.5bathroom | 2BR,1.5BA | $1.70 |
| Stoneridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.86 |
| 1030-2601 Davidson Dr | 2 bedroom | 2BR,1BA | $1.84 |
| Woodlands | 2x1 | 2BR,1BA | $1.86 |
| Ramblewood Apartments | Sumac | 2BR,1BA | $1.82 |
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 ArticleFrom 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 ArticleThe 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.
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Currently the most affordable Cheap Studio Apartment in Drake is at Lincoln Hotel Apartments listed at $1,075.
The lowest price for a Cheap One Bedroom Drake Apartment is $1,200 at Lincoln Hotel Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Drake is starting from $1,425 at Ramblewood Apartments.
The best deal on a cheap Drake Three Bedroom Apartment rental is at Ramblewood Apartments and starts from $1,410.
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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