
Cheap Homes for Rent in Drake, KY from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Drake.


401 Castle Heights Rd

2937 N Mill Ave

1721 Highland Way

834 N Main St

1515 Neal St
Drake, KY Local Guide

How much does it cost to rent a home in Drake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Drake 2 Bedroom Homes for Rent | $1,146 | $950 | $1,495 |
Drake 3 Bedroom Homes for Rent | $1,832 | $1,195 | $2,500 |
Drake 4 Bedroom Homes for Rent | $2,159 | $1,700 | $2,500 |
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Explore Drake
Drake, KY Local Guide
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Cheapest Available Drake Apartments for Rent and Nearby
 The cheapest available apartment rental in Drake, KY is a Studio unit found at Willow Creek Apartments priced from $685. CEDARGATE APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here is today’s list of the most affordable Drake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Willow Creek Apartments | Efficiency/Studio | Studio,1BA | $685 |
CEDARGATE APARTMENTS | 1 Bedroom 1 Bathroom | 1BR,1BA | $720 |
Keystone Commons - SoKy Rentals | 1 Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Drake, KY and Nearby
As of July 28, 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 3BR/2.0BA Model at The Southern starting at $1,525 with a $1.20 price per square foot . 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. |
---|---|---|---|
Summerland Townhomes | 3 Bedroom | 3BR,2.5BA | $1.02 |
The Southern | 3BR/2.0BA | 3BR,2BA | $1.20 |
The Ridge at Walnut Valley | The Walnut | 2BR,2BA | $0.84 |
Laurel Ridge KY II | 2x2 1,050 SqFt | 2BR,2BA | $1.14 |
Bakers Springs | 2 Bed/2 Baths | 2BR,2BA | $1.05 |
Keystone Commons - 2184 | Dowsntairs 2 Bedroom | 2BR,2BA | $1.02 |
5850 Otte Ct | 2 Bedroom | 2BR,2BA | $1.05 |
Keystone Commons - SoKy Rentals | 1 Bedroom | 1BR,1BA | $1.06 |
Lynnwood Apartments | 1BR/1.0BA | 1BR,1BA | $1.20 |
CEDARGATE APARTMENTS | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.20 |
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Frequently Asked Questions about Drake
What type of rentals are currently available in Drake?
There are currently 42 Apartments for Rent in Drake, KY with pricing that ranges from $685 to $2,538. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $750 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 $750 to $2,500 with an average monthly rent of $1,471.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.