Cheap Apartments for Rent near Drakesville, IA from $395 (65 Rentals)

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

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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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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17 E Howard St
1 Bedroom Apartments

17 E Howard St

17 E Howard StColfax, IA 50054
  • Utilities Included
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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • 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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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
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Newton Park Apartments
1 to 2 Bedroom Apartments

Newton Park Apartments

1425 N 11th Ave ENewton, IA 50208
  • Utilities Included

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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Drakesville, IA Local Guide

Cheapest Available Drakesville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drakesville, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Centerville Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Drakesville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
Centerville Senior LoftsThe Dublin2BR,1BA$600
Courtyard ApartmentsB12BR,1BA$675
Next Level Apartments - Easton VillageA11BR,1BA$695
110 N Maple St2-bedroom2BR,1BA$700
Foxwood ApartmentsA21BR,1BA$701
Hotel Maytag Apartments1 bedroom A1BR,1BA$725
Newton Park Apartments1BR - 30% Gross Income1BR,1BA$742
Indianola Park II Apartments1BR Upper1BR,1BA$750
Indianola Park Apartments1BR Upper1BR,1BA$750

Best Value Apartments for Rent in Drakesville, IA and Nearby

As of August 23, 2026 the best value apartment in the Drakesville area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Drakesville apartment is the Cottage - 3 Model at Northern Plains by Kading starting at $1,085 with a $0.88 price per square foot . Here is today’s list of the best values for Drakesville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nemitz Hall2 Bedroom2BR,2BA$0.76
Northern Plains by KadingCottage - 33BR,2BA$0.88
The Meadows3 Bedroom3BR,2BA$0.95
SUNDANCE NEWTON APARTMENTS3 Bedroom 2 Bathroom3BR,2BA$1.02
Centerville Senior LoftsThe Dearborn2BR,1BA$0.83
Orchard MeadowsB1 Classic2BR,1BA$0.85
Hotel Maytag Apartments1 bedroom A1BR,1BA$0.90
Dennis Park ApartmentsB12BR,1BA$1.01
110 N Maple St2-bedroom2BR,1BA$0.88
The Reserves at South Lake1B1B1BR,1BA$0.61

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 Drakesville, IA Rentals by Map

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See the most popular apartments and homes in Drakesville, IA

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Frequently Asked Questions about Cheap Drakesville Apartments

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

The lowest price for a Cheap One Bedroom Drakesville Apartment is $395 at The Reserves at South Lake.

What is the lowest price for a Cheap Two Bedroom Drakesville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Drakesville is starting from $470 at The Reserves at South Lake.

What is the most affordable Drakesville Three Bedroom Apartment?

The best deal on a cheap Drakesville Three Bedroom Apartment rental is at Courtyard Apartments and starts from $808.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.