Cheap Apartments for Rent in Drake, CO from $800 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
365 N Lincoln Ave
Studio to 2 Bedroom Apartments

365 N Lincoln Ave

365 N Lincoln AveLoveland, CO 80537

The 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 Article
Showing Results 1-20, Page 1 of 1

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 $1,225. 10th Street Square Apartments in the Hunters Run neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,299. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Autumn Lake1 BD Apartment - TC1BR,1BA$1,225
10th Street Square Apartments1B/1B1BR,1BA$1,299
Lakeview on the RiseOne Bedroom1BR,1BA$1,305
Patina Flats at the Foundry ApartmentsJulianStudio,1BA$1,387
1030-2601 Davidson Dr2 bedroom2BR,1BA$1,395

Best Value Apartments for Rent in Drake, CO and Nearby

As of September 07, 2025 the best value apartment in the Drake area is the $1.53 price per square foot Unit 3C Model at Thompson Valley Apartments in the in the Hunters Run neighborhood starting from $1,850. The second greatest value Drake apartment is the 3 Bedroom Model at Springfield Court Apartments starting at $1,548 with a $1.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Thompson Valley ApartmentsUnit 3C3BR,2BA$1.53
Springfield Court Apartments3 Bedroom3BR,1.5BA$1.35
Ridgeview ApartmentsUnit 3O3BR,2BA$1.70
The Buttes ApartmentsViewpoint2BR,2BA$1.63
Pinyon Pointe ApartmentsAspen2BR,2BA$1.84
PeakView by Horseshoe Lake ApartmentsTelluride2BR,1BA$1.78
Lakeview on the RiseOne Bedroom1BR,1BA$1.53
Woodlands2x12BR,1BA$1.97
Wintergreen ApartmentsUnit 1K1BR,1BA$1.90
Lakemont Apartments1 Bd 1 Ba Garden Level1BR,1BA$1.97

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Drake, CO Rentals by Map

Decorative image of map

See the most popular apartments and homes in Drake, CO

View Map
Drake, CO Apartments Map
View Map
Drake, CO Rental Homes Map

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 Patina Flats at the Foundry Apartments listed at $1,387.

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

The lowest price for a Cheap One Bedroom Drake Apartment is $1,225 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 $1,375 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 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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.