Cheap Apartments for Rent in Drake, CO from $800 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in Drake.

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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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.

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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.

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365 N Lincoln Ave
1 Bedroom Apartments

365 N Lincoln Ave

365 N Lincoln AveLoveland, CO 80537
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Drake, CO Local Guide

Cheapest Available Drake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drake, CO is a 1 Bed unit found at Autumn Lake in the Hunters Run neighborhood priced from $1,250. Lakeview on the Rise has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,305. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Autumn Lake1 BD Apartment - TC1BR,1BA$1,250
Lakeview on the RiseOne Bedroom1BR,1BA$1,305
1030-2601 Davidson Dr2 bedroom2BR,1BA$1,395
Patina Flats at the Foundry ApartmentsJulianStudio,1BA$1,403
PeakView by Horseshoe Lake ApartmentsAjax1BR,1BA$1,454

Best Value Apartments for Rent in Drake, CO and Nearby

As of July 22, 2025 the best value apartment in the Drake area is the $1.35 price per square foot 3 Bedroom Model at Springfield Court Apartments in the in the Troutman Park neighborhood starting from $1,548. The second greatest value Drake apartment is the Unit 3O Model at Ridgeview Apartments starting at $1,925 with a $1.70 price per square foot in the Hunters Run 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.
Springfield Court Apartments3 Bedroom3BR,1.5BA$1.35
Ridgeview ApartmentsUnit 3O3BR,2BA$1.70
Alder Square Townhomes2 Bedroom 2 Bath Townhome2BR,2BA$1.50
Lakemont ApartmentsRemodeled 2bed, 1.5bath Apartment2BR,1.5BA$1.75
Habitat at Fort CollinsMeadowlark2BR,1BA$1.82
Thompson Valley ApartmentsUnit 2.1C2BR,1BA$1.63
Gallery Flats2/2 00-22BR,2BA$1.79
Lakeview on the RiseOne Bedroom1BR,1BA$1.53
The Buttes ApartmentsScenic1BR,1BA$1.89
PeakView by Horseshoe Lake ApartmentsAjax1BR,1BA$1.81

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Drake Apartments

How much is rent for a Cheap One Bedroom Drake Apartment?

The lowest price for a Cheap One Bedroom Drake Apartment is $1,250 at Autumn Lake.

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 $1,395 at 1030-2601 Davidson Dr.

What is the most affordable Drake Three Bedroom Apartment?

The best deal on a cheap Drake Three Bedroom Apartment rental is at Springfield Court Apartments and starts from $1,548.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

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

Written by: Marie Brown

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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.