Cheap Apartments for Rent in Rake, IA from $400 (40 Rentals)

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

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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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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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.

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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.

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property at 220 E 7th St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available May 2

220 E 7th St

Albert LeaMN56007
property at 702 E Main St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007
property at 326 E Washington St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Jun 5

326 E Washington St

MankatoMN56001
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219 6th St SW
1 to 2 Bedroom Apartments

219 6th St SW

219 6th St SWMadelia, MN 56062
  • Utilities Included
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Grant Village
1 Bedroom Apartments

Grant Village

815-843 6th St SWMason City, IA 50401
Senior Living
  • Utilities Included
property at 821 Jefferson Ave

$950 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom Rentals

Available Now

821 Jefferson Ave

Albert LeaMN56007

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.

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Showing Results 1-40, Page 1 of 1

Rake, IA Local Guide

Cheapest Available Rake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rake, IA is a 1 Bed unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Rake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I Efficiency1BR,1BA$405
Key ApartmentsEfficiencyStudio,1BA$500
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$525
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
Meadow Bloom Apartments2 Bedroom2BR,1BA$607
CityView ApartmentsStudioStudio,1BA$650
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
The River Apartments & TownhomesStudioStudio,1BA$720

Best Value Apartments for Rent in Rake, IA and Nearby

As of April 28, 2026 the best value apartment in the Rake area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Rake apartment is the 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,150 with a $1.03 price per square foot . Here is today’s list of the best values for Rake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
CityView Apartments2 bedroom2BR,1BA$1.08
Shalom Tower IITower II - One Bedroom1BR,1BA$0.73
Meadow Bloom Apartments2 Bedroom2BR,1BA$0.79
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
18 S Adams AveOne Bedroom1BR,1BA$0.95

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rake, IA Rentals by Map

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See the most popular apartments and homes in Rake, IA

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Frequently Asked Questions about Cheap Rake Apartments

What is the Cheapest Studio apartment in Rake?

Currently the most affordable Cheap Studio Apartment in Rake is at Key Apartments listed at $500.

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

The lowest price for a Cheap One Bedroom Rake Apartment is $405 at Shalom Tower II.

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

Today's best deal for a Cheap Two Bedroom Apartment in Rake is starting from $607 at Meadow Bloom Apartments.

What is the most affordable Rake Three Bedroom Apartment?

The best deal on a cheap Rake Three Bedroom Apartment rental is at F and H Apartments and starts from $925.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.