
Cheap Homes for Rent in Drake, CO from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Drake.


468 Snow Top Dr

1012 N Van Buren Ave

3005 Ross Dr
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.

2897 Greenland Dr

1125 Gard Pl

1707 Palm Dr

332 Terri Dr
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.
Drake, CO Local Guide

How much does it cost to rent a home in Drake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake 2 Bedroom Homes for Rent | $1,631 | $1,250 | $2,500 |
| Drake 3 Bedroom Homes for Rent | $2,375 | $1,550 | $3,150 |
| Drake 4 Bedroom Homes for Rent | $3,058 | $2,250 | $4,500 |
| Drake 5 Bedroom Homes for Rent | $2,647 | $2,495 | $2,800 |
| Drake 6 Bedroom Homes for Rent | $4,995 | $4,995 | $4,995 |
Browse Top Homes for Rent in Drake
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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 1 Bed unit found at Springfield Court Apartments in the Troutman Park neighborhood priced from $880. Autumn Lake in the Hunters Run neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,275. Here is today’s list of the most affordable Drake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springfield Court Apartments | 1 Bedroom | 1BR,1BA | $880 |
| Autumn Lake | 2BD Apartment- TC | 2BR,1BA | $1,275 |
| Lincoln Place | Matisse | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Drake, CO and Nearby
As of December 19, 2025 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 Hunters Run neighborhood starting from $1,875. The second greatest value Drake apartment is the Two Bedroom Model at Lakeview on the Rise starting at $1,624 with a $1.38 price per square foot . 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 | Two Bedroom | 2BR,2BA | $1.38 |
| Ridgeview Apartments | Unit 3O | 3BR,2BA | $1.70 |
| Autumn Lake | 3 BD Townhome -TC | 3BR,1.5BA | $1.51 |
| The Buttes Apartments | Viewpoint | 2BR,2BA | $1.38 |
| Alder Square Townhomes | 2 Bedroom 2 Bath Townhome | 2BR,2BA | $1.44 |
| Stoneridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.79 |
| Springfield Court Apartments | 2 bedroom | 2BR,1BA | $1.49 |
| Gallery Flats | 2/2 00-2 | 2BR,2BA | $1.85 |
| Lincoln Place | Matisse | 1BR,1BA | $1.75 |
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 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 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 Drake
What type of rentals are currently available in Drake?
There are currently 42 Apartments for Rent in Drake, CO with pricing that ranges from $880 to $3,794. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $675 to $4,995.
What is the current price range for Rental Homes in Drake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake ranges from $675 to $4,995 with an average monthly rent of $2,434.
How much are larger Three and Four Bedroom Rentals in Drake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake range from $1,548 to $3,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $3,150. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,723.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.