Cheap Homes for Rent in Drake, ND from $600 (9 Rentals)

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

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 $400. Summit Park in the Downtown Minot neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here is today’s list of the most affordable Drake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The ParkerStudio, 1 bathStudio,1BA$400
Summit Park1 Bed / 1 Bath 520 sq ft1BR,1BA$735
100 1st Ave2 Bedroom2BR,1BA$800

Best Value Apartments for Rent in Drake, ND and Nearby

As of May 29, 2025 the best value apartment in the Drake area is the $1.71 price per square foot 2 Bed / 2.5 Bath 1,785 sq. ft. Ash Model at Legacy Homes at Coulee Ridge in the in the East Bismarck neighborhood starting from $3,050. The second greatest value Drake apartment is the 3 Bed 2 Bath Model at Elk Pointe Apartments starting at $1,356 with a $0.99 price per square foot in the Downtown Minot 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 1,785 sq. ft. Ash2BR,2.5BA$1.71
Elk Pointe Apartments3 Bed 2 Bath3BR,2BA$0.99
100 1st Ave1 Bedroom1BR,1BA$2.23
The Pines Luxury Security Apartments2 Beds, 2 baths2BR,2BA$1.00
Westridge Apartments2 Bed / 1 Bath2BR,1BA$0.99
Minot Place ApartmentsStudioStudio ,1BA$1.50
Summit Park1 Bed / 1 Bath 520 sq ft1BR,1BA$1.41
Apartments on AdamsOne Bed1BR,1BA$2.35
The ParkerStudio, 1 bathStudio ,1BA$1.11

Quick Rent Budget Calculator

How much rent can you afford?

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 Drake

What type of rentals are currently available in Drake?

There are currently 34 Apartments for Rent in Drake, ND with pricing that ranges from $400 to $5,604. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake ranging from $645 to $5,000.

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 $645 to $5,000 with an average monthly rent of $1,667.

How much are larger Three and Four Bedroom Rentals in Drake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake range from $613 to $5,604, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,975 and Four Bedroom Apartments start at $3,274.

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 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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.