
Cheap Apartments for Rent in Drake, CO from $800 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Drake.


Locust Park Apartments

Total Monthly Price
Lincoln Hotel Apartments

Autumn Lake

Gallery Flats

Ashley Estates

Lakeview on the Rise

Lincoln Place

Ridgeview Apartments
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.

Vantage at Loveland

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Patina Flats at the Foundry Apartments

Bristol Pointe Apartments

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Pinyon Pointe Apartments

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Habitat at Fort Collins

Woodlands

Heron Pointe Apartments

Wintergreen Apartments

The Buttes Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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PeakView by Horseshoe Lake Apartments

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The Granary

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Copperleaf Place Apartments

Stoneridge Apartments

Alder Square Townhomes

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1030-2601 Davidson Dr

Total Monthly Price
Lakemont Apartments

10th Street Square Apartments

332 Terri Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1962.5 Pecan St

466 W 10th St

4832 Basswood Dr

3623 Butternut Dr

2960 W Stuart St

1624 Azalea Dr

1509 Kennedy Ave

4881 Basswood Dr

1628 Azalea Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1433 Juliana Ct
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 | $1,661 | $1,150 | $2,721 |
| Drake 1 Bedroom Apartments | $1,774 | $867 | $2,976 |
| Drake 2 Bedroom Apartments | $1,922 | $1,250 | $3,637 |
| Drake 3 Bedroom Apartments | $2,188 | $1,635 | $5,353 |
| Drake 4 Bedroom Apartments | $1,880 | $1,695 | $2,065 |
Browse Top Apartments in Drake
See all Apartments in DrakeExplore Drake
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 $1,150. Autumn Lake in the Hunters Run neighborhood has the second lowest priced unit, which is a 2 Beds 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 | $1,150 |
| Autumn Lake | 2BD Apartment- TC | 2BR,1BA | $1,250 |
| Springfield Court Apartments | 2 bedroom | 2BR,1BA | $1,323 |
| Locust Park Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,350 |
| Ridgeview Apartments | Unit 1J | 1BR,1BA | $1,400 |
| Vantage at Loveland | S | Studio,1BA | $1,430 |
| Bristol Pointe Apartments | Sugarloaf | Studio,1BA | $1,454 |
| Pinyon Pointe Apartments | Oak | Studio,1BA | $1,463 |
| Patina Flats at the Foundry Apartments | Cascade IV | 1BR,1BA | $1,466 |
| Habitat at Fort Collins | Conifer | 1BR,1BA | $1,474 |
Best Value Apartments for Rent in Drake, CO and Nearby
As of April 05, 2026 the best value apartment in the Drake area is the $1.37 price per square foot Two Bedroom Model at Lakeview on the Rise in the starting from $1,608. The second greatest value Drake apartment is the 3 Bedroom Model at Springfield Court Apartments starting at $2,148 with a $1.87 price per square foot in the Troutman 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. |
|---|---|---|---|
| Lakeview on the Rise | Two Bedroom | 2BR,2BA | $1.37 |
| Springfield Court Apartments | 3 Bedroom | 3BR,1.5BA | $1.87 |
| The Buttes Apartments | Viewpoint | 2BR,2BA | $1.49 |
| Wintergreen Apartments | Unit 2.2Q | 2BR,2BA | $1.70 |
| Woodlands | 3x2 | 3BR,2BA | $1.62 |
| Lakemont Apartments | Remodeled 2bedroom, 1.5bathroom | 2BR,1.5BA | $1.70 |
| Autumn Lake | 2BD Apartment- TC | 2BR,1BA | $1.31 |
| Stoneridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.79 |
| 1030-2601 Davidson Dr | 2 bedroom | 2BR,1BA | $1.84 |
| Gallery Flats | 2/2 00-2 | 2BR,2BA | $1.85 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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.
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 $1,150.
How much is rent for a Cheap One Bedroom Drake Apartment?
The lowest price for a Cheap One Bedroom Drake Apartment is $1,400 at Ridgeview 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 $1,250 at Autumn Lake.
What is the most affordable Drake Three Bedroom Apartment?
The best deal on a cheap Drake Three Bedroom Apartment rental is at Woodlands and starts from $1,635.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.