770 Douglas Ave
LovelandCO80537
Cheap Homes for Rent near Drake, CO from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Drake.
1829 Lily Pl
LovelandCO80537
2897 Greenland Dr
LovelandCO80538
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1730 Pecan St
Fort CollinsCO80526
1433 Juliana Ct
LovelandCO80537
1804 Lily Pl
LovelandCO80537
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
1813 Belmar Dr
Fort CollinsCO80526
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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 | $1,638 | $1,200 | $2,095 |
| Drake 3 Bedroom Homes for Rent | $2,244 | $1,495 | $2,595 |
| Drake 4 Bedroom Homes for Rent | $2,788 | $2,150 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 Locust Park Apartments in the Loveland neighborhood priced from $1,250. Lincoln Hotel Apartments in the Hunters Run neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Drake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Locust Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,250 |
| Lincoln Hotel Apartments | Large Studio | Studio,1BA | $1,300 |
| Ashley Estates | 1/1 | 1BR,1BA | $1,320 |
Best Value Apartments for Rent in Drake, CO and Nearby
As of July 24, 2026 the best value apartment in the Drake area is the $1.37 price per square foot 2/2 Model at Lakeview on the Rise in the in the Fort Collins neighborhood starting from $1,608. The second greatest value Drake apartment is the Vermeer Model at Lincoln Place starting at $1,945 with a $1.74 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakeview on the Rise | 2/2 | 2BR,2BA | $1.37 |
| Lincoln Place | Vermeer | 2BR,2BA | $1.74 |
| Alder Square Townhomes | 2 Bedroom 2 Bath Townhome | 2BR,2BA | $1.64 |
| Lakemont Apartments | Remodeled 2bedroom, 1.5bathroom | 2BR,1.5BA | $1.70 |
| PeakView by Horseshoe Lake Apartments | Telluride | 2BR,1BA | $1.85 |
| Thompson Valley Apartments | Unit 2.1C | 2BR,1BA | $1.58 |
| 1030-2601 Davidson Dr | 2 bedroom | 2BR,1BA | $1.84 |
| Gallery Flats | 2/2 00-2 | 2BR,2BA | $1.79 |
| Ashley Estates | 1/1 | 1BR,1BA | $1.65 |
| Ramblewood Apartments | Sumac | 2BR,1BA | $1.82 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Frequently Asked Questions about Drake
What type of rentals are currently available in Drake?
There are currently 46 Apartments for Rent in Drake, CO with pricing that ranges from $1,150 to $5,639. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $850 to $3,800.
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 $850 to $3,800 with an average monthly rent of $1,926.
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 $1,490 to $5,639, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,595. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $2,716.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.