Cheap Apartments for Rent in Drake, KY from $500 (51 Rentals)

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

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.

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The Emerson
Rent Specials
$944 - $2,243
Total Monthly Price

Total Monthly Price

Base Rent
$944 - $2,243
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Emerson

2426 Thoroughbred DrBowling Green, KY 42104
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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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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Moss View
1 to 2 Bedroom Apartments

Moss View

240 Moss View StBowling Green, KY 42101
  • Utilities Included
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Cherry Farms
1 to 3 Bedroom Apartments

Cherry Farms

268 Cherry Farm LnBowling Green, KY 42103

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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Keystone Commons
2 Bedroom Apartments

Keystone Commons

2184-2196 Prospector CtBowling Green, KY 42101
  • Utilities Included
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355 Hillview Mills
2 Bedroom Apartments

355 Hillview Mills

355 Hillview Mills BlvdBowling Green, KY 42101
  • Utilities Included
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Bakers Springs
2 Bedroom Apartments

Bakers Springs

5438 Bakers Spring StBowling Green, KY 42101
  • Utilities Included
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Triton
2 Bedroom Apartments

Triton

173 Traditions BlvdBowling Green, KY 42103
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The Nash
2 Bedroom Apartments

The Nash

6567 Nashville RdBowling Green, KY 42101
  • Utilities Included
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Walnut Valley
2 to 3 Bedroom Apartments

Walnut Valley

4491 Wal Valley WayBowling Green, KY 42101
Student Housing
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Drake, KY Local Guide

Cheapest Available Drake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drake, KY is a 1 Bed unit found at Otte Center priced from $825. Hillview Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Otte Center1/11BR,1BA$825
Hillview Commons1/11BR,1BA$825
Lynnwood Apartments1BR/1.0BA1BR,1BA$850
Ashton Parc2 Bedroom. 2 Full Bathrooms2BR,2BA$895
The Adler Apartment HomesThe Marion1BR,1BA$899
Ewing Point at Mount Victor1 Bed 1 Bath1BR,1BA$900
Keystone Commons (SoKy Rentals)1 Bedroom1BR,1BA$900
The EmersonThe Waldo1BR,1BA$925
Covington OaksThe Cypress w/o Garage1BR,1BA$929
The HeritageA1 - One Bedroom, One Bathroom1BR,1BA$942

Best Value Apartments for Rent in Drake, KY and Nearby

As of April 27, 2026 the best value apartment in the Drake area is the $0.31 price per square foot 4BR/4.0BA Model at The Crown in the in the Downtown Bowling Green neighborhood starting from $440. The second greatest value Drake apartment is the 2 Bedroom Model at Summerland Townhomes starting at $1,395 with a $1.00 price per square foot . 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.
The Crown4BR/4.0BA4BR,4BA$0.31
Summerland Townhomes2 Bedroom2BR,2.5BA$1.00
Grove Park Apartments3BED3BR,2BA$1.00
The Ariel - Beautifully Renovated!Large 2 Bedroom with Den2BR,3BA$1.01
River Woods Apartments3BR/2.0BA3BR,2BA$0.86
Willow Creek Apartments3 Bedroom Garden3BR,2BA$0.94
Cave Mill ApartmentsMeremac2BR,2BA$1.04
Cameron Park Apartments3 Beds, 1.5 baths3BR,1.5BA$0.90
The Ridge at Walnut ValleyThe Willow1BR,1BA$1.00
5850 Otte Ct2 Bedroom2BR,2BA$1.05

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.

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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.

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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.

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Cash 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.

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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.

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

Explore Drake, KY Rentals by Map

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See the most popular apartments and homes in Drake, KY

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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 $825 at Otte Center.

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 $875 at Lynnwood Apartments.

What is the most affordable Drake Three Bedroom Apartment?

The best deal on a cheap Drake Three Bedroom Apartment rental is at Cameron Park Apartments and starts from $990.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.