Cheap Apartments for Rent near Drake, ND from $500 (27 Rentals)

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

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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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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Park Place North
2 to 3 Bedroom Apartments

Park Place North

300 27th Ave NWMinot, ND 58703

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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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

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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Ruso Apartments
Studio to 2 Bedroom Apartments

Ruso Apartments

100 N Main StRuso, ND 58778
Showing Results 1-27, 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. 100 1st Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The ParkerStudio, 1 bathStudio,1BA$500
100 1st AveDupe 1 BR2BR,1BA$800
Summit Park2 Bed / 1 Bath 620 sq ft2BR,1BA$802
Westridge Apartments2 Bed / 1 Bath Remodeled2BR,1BA$825
Minot Place ApartmentsStudioStudio,1BA$945
Dakota Ridge2 Bed / 1.5 Bath2BR,1BA$975
South PointeWillow2BR,2BA$1,125
Coulee Ridge Apartments and Twin HomesStudio | 531 sqftStudio,1BA$1,165
Legacy Heights Apartment HomesA11BR,1BA$1,360
Meadow Ridge2BED/2BATH/1CAR-CORP-2ND FLOOR2BR,2BA$1,955

Best Value Apartments for Rent in Drake, ND and Nearby

As of July 30, 2026 the best value apartment in the Drake area is the $1.48 price per square foot 2 Bed / 3 Bath w/Loft 2,542 sq. ft. Prairie Rose Model at Legacy Homes at Coulee Ridge in the in the East Bismarck neighborhood starting from $3,771. The second greatest value Drake apartment is the 2 Bed 2 Bath Model at Coulee Ridge Twin Homes starting at $2,981 with a $1.78 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 / 3 Bath w/Loft 2,542 sq. ft. Prairie Rose2BR,3BA$1.48
Coulee Ridge Twin Homes2 Bed 2 Bath2BR,2BA$1.78
Meadow Ridge2BED/2BATH/1CAR-CORP-2ND FLOOR2BR,2BA$1.78
South PointeWillow2BR,2BA$1.08
Westridge Apartments2 Bed / 1 Bath Remodeled2BR,1BA$0.97
Legacy Heights Apartment HomesA11BR,1BA$1.63
Dakota Ridge2 Bed / 1.5 Bath2BR,1.5BA$1.22
Summit Park2 Bed / 1 Bath 620 sq ft Balcony2BR,1BA$1.39
Minot Place ApartmentsStudioStudio ,1BA$1.53
The ParkerStudio, 1 bathStudio ,1BA$1.39

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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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, ND Rentals by Map

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Frequently Asked Questions about Cheap Drake Apartments

What is the Cheapest Studio apartment in Drake?

Currently the most affordable Cheap Studio Apartment in Drake is at The Parker listed at $500.

How much is rent for a Cheap One Bedroom Drake Apartment?

The lowest price for a Cheap One Bedroom Drake Apartment is $800 at 100 1st Ave.

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 $800 at 100 1st Ave.

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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.