Cheap Apartments for Rent in the Lake Francis Drake Park Neighborhood of Fayetteville, NC from $500 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Lake Francis Drake Park area of Fayetteville.

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.

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.

Lake Francis Drake Park, Fayetteville, NC Local Guide

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. Cumberland Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Lake Francis Drake Park apartments for rent in Fayetteville, NC:

Apartment ListingModel NameBed/BathPriced From
GoodHomes BordeauxEvergreen WestStudio,1BA$750
Cumberland TowersDogwood1BR,1BA$799
Cross Creek CoveA11BR,1BA$845

Best Value Apartments for Rent in Lake Francis Drake Park, NC

As of February 21, 2026 the best value apartment in the Lake Francis Drake Park area is the $1.09 price per square foot Three Bedroom 2 Bath Model at Chason Ridge Apartment Homes in the in the Stratford Hills neighborhood starting from $1,445. The second greatest value Lake Francis Drake Park apartment is the 3/1.5-R Model at Residences at Fayetteville starting at $1,299 with a $1.18 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Chason Ridge Apartment HomesThree Bedroom 2 Bath3BR,2BA$1.09
Residences at Fayetteville3/1.5-R3BR,1.5BA$1.18
Amora East2 Bed 2 Bath Townhome2BR,2BA$1.13
Tallywood Arms Apartments2X2A2BR,2BA$1.00
Cliff Creek ApartmentsStream1BR,1BA$1.45
Buckhead ApartmentsThe Willow1BR,1BA$1.31
Century Oaks Apartments5850-B1BR,1BA$1.29
Cumberland TowersDogwood1BR,1BA$1.23
Amora West1 Bedroom 1 Bath1BR,1BA$1.40
Cross Creek CoveA11BR,1BA$1.36

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 $1,005.

What is the price of a cheap apartment in Lake Francis Drake Park?

The cheapest apartment in Lake Francis Drake Park is Cumberland Towers which is listed at $799, while the average apartment in Lake Francis Drake Park costs $1,595.

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 26 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 $345 which is $1,250 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.