
Cheap Apartments for Rent in the Lake Francis Drake Park Neighborhood of Fayetteville, NC from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Francis Drake Park area of Fayetteville.


5768 Aftonshire Dr

Century Oaks Apartments

902 Miller Ave

Cross Creek Cove

Forest Pointe

Vue Apartment Homes

3212 Tallywood Dr
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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.

Amora West

Keystone Apartments

Tallywood Arms Apartments

1406 Tangora Ln

Total Monthly Price
Cumberland Towers

1413 Tangora Ln

Chason Ridge Apartment Homes

Total Monthly Price
Windtree Apartment Homes
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.

Residences at Fayetteville

Amora East Townhomes

Summerlin East Apartment Homes

The Residences at Tallywood

1829 Martindale Dr

5796 Aftonshire Dr

1049 Rulnick St

1053 Rulnick St
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.

1051 Rulnick St

Miller Avenue Apartments

5850 Century Oaks Dr

1409 Ireland Dr

1437 Ireland Dr

5804 Aftonshire Dr

3210 Tallywood Dr

5876 Aftonshire Dr
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.

5742 Aftonshire Dr

300 Rodie Ave

4404 Piedmont Ave

5713 Aftonshire Dr

1055 Ancestry Dr

Buckhead Apartments

1005 Ancestry Dr

5842 Aftonshire Dr
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.

1309 Ireland Dr

5914 Aftonshire Dr

404 Miller Ave

Berkshire Road Apartments
Lake Francis Drake Park, Fayetteville, NC Local Guide

How much does it cost to rent an apartment in Lake Francis Drake Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Francis Drake Park Studio Apartments | $999 | $750 | $1,589 |
| Lake Francis Drake Park 1 Bedroom Apartments | $1,063 | $835 | $1,352 |
| Lake Francis Drake Park 2 Bedroom Apartments | $1,214 | $900 | $1,639 |
| Lake Francis Drake Park 3 Bedroom Apartments | $1,463 | $1,250 | $1,798 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the Lake Francis Drake Park Neighborhood of Fayetteville, NC.
See all Apartments in FayettevilleExplore Fayetteville
Lake Francis Drake Park, Fayetteville, NC Local Guide
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Cheapest Available Lake Francis Drake Park Apartments for Rent
 The cheapest available apartment rental in the Lake Francis Drake Park area of Fayetteville, NC is a Studio unit found at GoodHomes Bordeaux priced from $750. Century Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Lake Francis Drake Park apartments for rent in Fayetteville, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| GoodHomes Bordeaux | Evergreen West | Studio,1BA | $750 |
| Century Oaks Apartments | 5850-E | 1BR,1BA | $835 |
| Forest Pointe | 1BR/1.0BA | 1BR,1BA | $895 |
| Vue Apartment Homes | 1x1 Classic-Call for Availability | 1BR,1BA | $900 |
| Amora West | 1 Bedroom 1 Bath | 1BR,1BA | $912 |
| Keystone Apartments | 1 x 1 Remodel | 1BR,1BA | $925 |
| Tallywood Arms Apartments | 2X2.5 | 2BR,2BA | $945 |
| Chason Ridge Apartment Homes | One Bedroom | 1BR,1BA | $985 |
| Buckhead Apartments | The Willow | 1BR,1BA | $995 |
| Cross Creek Cove | C | 2BR,2BA | $1,040 |
Best Value Apartments for Rent in Lake Francis Drake Park, NC
As of June 26, 2026 the best value apartment in the Lake Francis Drake Park area is the $1.13 price per square foot Harbor Model at Cliff Creek Apartments in the in the Stratford Hills neighborhood starting from $1,495. The second greatest value Lake Francis Drake Park apartment is the 3/1.5-R Model at Residences at Fayetteville starting at $1,250 with a $1.13 price per square foot in the Stratford Hills neighborhood. Here is today’s list of the best values for Lake Francis Drake Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cliff Creek Apartments | Harbor | 3BR,2BA | $1.13 |
| Residences at Fayetteville | 3/1.5-R | 3BR,1.5BA | $1.13 |
| Amora East Townhomes | 2 Bed 2 Bath Townhome | 2BR,2BA | $1.07 |
| Tallywood Arms Apartments | 2X2A | 2BR,2BA | $1.00 |
| Cross Creek Cove | BTH | 2BR,1.5BA | $1.10 |
| Cumberland Towers | Magnolia, Juniper and Julia | 2BR,2BA | $1.23 |
| Chason Ridge Apartment Homes | One Bedroom | 1BR,1BA | $1.21 |
| Forest Pointe | 1BR/1.0BA | 1BR,1BA | $1.10 |
| Buckhead Apartments | The Willow | 1BR,1BA | $1.31 |
| Century Oaks Apartments | 5850-E | 1BR,1BA | $1.19 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Lake Francis Drake Park, Fayetteville, NC
William H Owen Elementary
School data provided by Great Schools
Frequently Asked Questions about Cheap Lake Francis Drake Park Apartments
What is a cheap apartment in Lake Francis Drake Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Francis Drake Park is under $1,040.
What is the price of a cheap apartment in Lake Francis Drake Park?
The cheapest apartment in Lake Francis Drake Park is Century Oaks Apartments which is listed at $835, while the average apartment in Lake Francis Drake Park costs $1,454.
What types of apartments are the cheapest in Lake Francis Drake Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Lake Francis Drake Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Francis Drake Park?
Cheap apartments in Lake Francis Drake Park have an average cost of $778 which is $676 cheaper than the average rent for all rentals in Lake Francis Drake Park.
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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.