Cheap Apartments for Rent near Drake, KY from $400 (50 Rentals)

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

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Otte Center
Rent Specials
$825
Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825
1 Bedroom Apartments Available Now

Otte Center

5814 Otte CtBowling Green, KY 42104
Affordability
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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.

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The Emerson
Rent Specials
$983 - $2,449
Total Monthly Price

Total Monthly Price

Base Rent
$983 - $2,449
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Emerson

2426 Thoroughbred DrBowling Green, KY 42104
Corporate Housing
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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Viridian Apartments
Rent Specials
$1,120 - $1,723
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,723
Total Monthly Price
$1,120 - $1,723
1 to 3 Bedroom Apartments Available Now

Viridian Apartments

389 Plano RdBowling Green, KY 42104
Corporate Housing
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Moss View
1 to 2 Bedroom Apartments

Moss View

240 Moss View StBowling Green, KY 42101
  • Utilities Included

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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Cherry Farms
1 to 3 Bedroom Apartments

Cherry Farms

268 Cherry Farm LnBowling Green, KY 42103
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Keystone Commons
2 Bedroom Apartments

Keystone Commons

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

355 Hillview Mills

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

Bakers Springs

5438 Bakers Spring StBowling Green, KY 42101
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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

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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Drake, KY Local Guide

Cheapest Available Drake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drake, KY is a Studio unit found at The Crown Apartments in the Downtown Bowling Green neighborhood priced from $460. Willow Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Crown Apartments4BR, 4B - Private Bedroom & BathroomStudio,4BA$460
Willow Creek ApartmentsOne Bedroom Garden1BR,1BA$740
Cameron Park Apartments1 Bed, 1 bath1BR,1BA$815
Otte Center1/11BR,1BA$825
Hillview Commons1/11BR,1BA$825
Lynnwood Apartments2BR/1.0BA2BR,1BA$875
Ashton Parc1 Bedroom, 1 Bathroom1BR,1BA$899
Ewing Point at Mount Victor1 Bed 1 Bath1BR,1BA$900
Keystone Commons (SoKy Rentals)1 Bedroom1BR,1BA$900
Covington OaksThe Cypress w/o Garage1BR,1BA$929

Best Value Apartments for Rent in Drake, KY and Nearby

As of July 26, 2026 the best value apartment in the Drake area is the $1.00 price per square foot 2 Bedroom Model at Summerland Townhomes in the starting from $1,395. The second greatest value Drake apartment is the 3BED Model at Grove Park Apartments starting at $1,250 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.
Summerland Townhomes2 Bedroom2BR,2.5BA$1.00
Grove Park Apartments3BED3BR,2BA$1.00
The Crown Apartments4BR, 4B - Private Bedroom & BathroomStudio ,4BA$0.37
The Ridge at Walnut ValleyThe Walnut2BR,2BA$0.98
Grove Park South2 Beds, 2 baths2BR,2BA$1.04
5850 Otte Ct2 Bedroom2BR,2BA$1.05
Hillview Flats2bd/2ba2BR,2BA$1.10
Keystone Commons (SoKy Rentals)1 Bedroom1BR,1BA$1.13
Ashton Parc1 Bedroom, 1 Bathroom1BR,1BA$1.12
Willow Creek ApartmentsOne Bedroom Garden1BR,1BA$1.05

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

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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 $740 at Willow Creek Apartments.

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 Cameron Park Apartments.

What is the most affordable Drake Three Bedroom Apartment?

The best deal on a cheap Drake Three Bedroom Apartment rental is at Fairways at Hartland and starts from $1,223.

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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.