Cheap Apartments for Rent in Drake, ND from $500 (33 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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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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Maverick
Studio to 3 Bedroom Apartments

Maverick

2330 SW 37th AveMinot, ND 58701
Corporate Housing
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Apartments on Adams
1 Bedroom Apartments

Apartments on Adams

812 Adams AveHarvey, ND 58341
Corporate Housing
  • Utilities Included
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Ruso Apartments
Studio to 2 Bedroom Apartments

Ruso Apartments

100 N Main StRuso, ND 58778

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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Showing Results 1-33, Page 1 of 1

Drake, ND Local Guide

Cheapest Available Drake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drake, ND is a Studio unit found at The Parker in the Downtown Minot neighborhood priced from $500. Park Place North in the Eastwood Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The ParkerStudio, 1 bathStudio,1BA$500
Park Place North2 Bedroom2BR,1BA$750
Summit Park1 Bed / 1 Bath 460 sq ft1BR,1BA$755
100 1st AveDupe 1 BR2BR,1BA$800
Westridge Apartments2 Bed / 1 Bath2BR,1BA$825
Dakota Ridge2 Bed / 1.5 Bath2BR,1BA$975
North Highlands Apartments and VillasShavanno1BR,1BA$1,332
Coulee Ridge Apartments1 Bed 1 Bath | 697 sqft1BR,1BA$1,375
Beautiful 2 Bedroom, 2 Bathroom at Meadow Ridge Apartments2BED/2BATH/1CAR-CORP-2ND FLOOR2BR,2BA$1,955
Coulee Ridge Twin Homes2 Bed 2 Bath2BR,2BA$2,841

Best Value Apartments for Rent in Drake, ND and Nearby

As of May 01, 2026 the best value apartment in the Drake area is the $1.55 price per square foot 2 Bed / 2.5 Bath wEx. Suite 2,028 sq. ft. Theadore Model at Legacy Homes at Coulee Ridge in the in the East Bismarck neighborhood starting from $3,150. The second greatest value Drake apartment is the 2 Bed 2 Bath Model at Coulee Ridge Twin Homes starting at $2,841 with a $1.70 price per square foot in the East Bismarck neighborhood. 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.
Legacy Homes at Coulee Ridge2 Bed / 2.5 Bath wEx. Suite 2,028 sq. ft. Theadore2BR,2.5BA$1.55
Coulee Ridge Twin Homes2 Bed 2 Bath2BR,2BA$1.70
Beautiful 2 Bedroom, 2 Bathroom at Meadow Ridge Apartments2BED/2BATH/1CAR-CORP-2ND FLOOR2BR,2BA$1.78
The PlazaHummingbird1BR,1BA$1.37
Westridge Apartments2 Bed / 1 Bath2BR,1BA$0.91
Dakota Ridge2 Bed / 1.5 Bath2BR,1.5BA$1.22
North Highlands Apartments and VillasShavanno1BR,1BA$1.70
Coulee Ridge Apartments1 Bed 1 Bath | 697 sqft1BR,1BA$1.97
Summit Park1 Bed / 1 Bath 460 sq ft1BR,1BA$1.64
The ParkerStudio, 1 bathStudio ,1BA$1.39

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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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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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 $755 at Summit Park.

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 $750 at Park Place North.

What is the most affordable Drake Three Bedroom Apartment?

The best deal on a cheap Drake Three Bedroom Apartment rental is at Park Place North and starts from $850.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.