1962.5 Pecan St
Fort CollinsCO80526
Cheap Homes for Rent in Drake, CO from $1,300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Drake.
332 Terri Dr
LovelandCO80537
1125 Gard Pl
LovelandCO80537
466 W 10th St
LovelandCO80537
4838 Basswood Dr
LovelandCO80538
4838 Basswood Dr
LovelandCO80538
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.
3623 Butternut Dr
LovelandCO80538
1509 Kennedy Ave
LovelandCO80538
4881 Basswood Dr
LovelandCO80538
1628 Azalea Dr
Fort CollinsCO80526
1709 Banyan Dr
Fort CollinsCO80526
1433 Juliana Ct
LovelandCO80537
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.
Showing Results 1-12, Page 1 of 1
Drake, CO Local Guide
From high above Drake by Ed Ogle is licensed under CC BY 2.0
How much does it cost to rent a home in Drake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake 2 Bedroom Homes for Rent | $1,682 | $1,300 | $2,150 |
| Drake 3 Bedroom Homes for Rent | $2,300 | $1,695 | $2,995 |
| Drake 4 Bedroom Homes for Rent | $2,773 | $2,450 | $3,000 |
| Drake 5 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 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 |
| Ridgeview Apartments | Unit 1J | 1BR,1BA | $1,400 |
| Bristol Pointe Apartments | Sugarloaf | Studio,1BA | $1,404 |
Best Value Apartments for Rent in Drake, CO and Nearby
As of April 20, 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 |
| PeakView by Horseshoe Lake Apartments | Flatirons | 2BR,2BA | $1.81 |
| The Seasons At Horsetooth Crossing | SUMMER | 2BR,2BA | $2.02 |
| 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 |
| Wintergreen Apartments | Unit 1K | 1BR,1BA | $1.90 |
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 Article
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 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.
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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 $867 to $5,555. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $1,300 to $3,400.
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 $1,300 to $3,400 with an average monthly rent of $2,538.
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 $1,635 to $5,555, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $1,695.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.