Cheap Homes for Rent in Drake, KY from $900 (8 Rentals)

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

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.

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, 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 Walnut Forest Apartments priced from $590. River Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Walnut Forest Apartments1 Bed, 1 bath1BR,1BA$590
River Woods ApartmentsRiver Woods - Promo - 1/11BR,1BA$695
CEDARGATE APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$720

Best Value Apartments for Rent in Drake, KY and Nearby

As of September 12, 2025 the best value apartment in the Drake area is the $1.02 price per square foot 3 Bedroom Model at Summerland Townhomes in the starting from $1,450. The second greatest value Drake apartment is the The Moore - 2X2 Model at Cumberland Trace Village starting at $1,225 with a $1.02 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 Townhomes3 Bedroom3BR,2.5BA$1.02
Cumberland Trace VillageThe Moore - 2X22BR,2BA$1.02
Willow Creek Apartments2 Bedroom Townhouse2BR,2.5BA$0.85
The Ridge at Walnut ValleyThe Walnut2BR,2BA$1.03
Ashton Parc2 Bedroom. 2 Full Bathrooms2BR,2BA$0.97
Bakers Springs2 Bed/2 Baths2BR,2BA$1.05
Keystone CommonsDowsntairs 2 Bedroom2BR,2BA$1.02
5850 Otte Ct2 Bedroom2BR,2BA$1.05
River Woods ApartmentsRiver Woods - Promo - 1/11BR,1BA$0.97
Walnut Forest Apartments1 Bed, 1 bath1BR,1BA$1.04

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Pet Friendly Lifestyle
Drake, KY

Ranked #370

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

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Frequently Asked Questions about Drake

What type of rentals are currently available in Drake?

There are currently 44 Apartments for Rent in Drake, KY with pricing that ranges from $590 to $2,457. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $900 to $2,500.

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 $900 to $2,500 with an average monthly rent of $1,688.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.