Last updated
Average Rent in Drake & Rent Trends
Rent prices and market trends across 1 apartment community in Drake, Des Moines IA. Updated daily.
Market Average
$1,160/mo
Lowest Available
$1,160/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
1
available now
Drake vs Des Moines IA Average
Drake is cheaper the Des Moines IA average by $33/mo (3%). The citywide average is $1,193/mo across all neighborhoods.
Is Rent Going Up or Down in Drake?
As of May 2026, the average rent in Drake is $1,160 per month across 1 apartment community and 1 available units.
The most affordable option is Canary Lofts starting at $1,160/mo. By unit type, a 1-bedroom averages $1,160/mo.
Prices range from $1,160 to $1,160 per month. The most common price point is the $1,000 range, where 1 units are currently listed.
Drake Rent Price History
Rent by Bedroom Type in Drake
Rent Prices by Apartment in Drake
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Canary Lofts | $1,160/mo | $1,160/mo | 1 | 3.1 |
Google Search Trends for Drake Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Drake
What is the average rent in Drake?
Is rent going up or down in Drake?
What is the cheapest apartment in Drake?
How much is a 1-bedroom apartment in Drake?
How many apartments are available in Drake?
What salary do I need to live comfortably in Drake?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$46,000/year
30 percent rule -- using our average rent of $1,160/mo.
Comfortable income
$56,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
Median household income in Drake is $63,966 , about 15% above the comfortable-living threshold.
Cost of living in Drake
Overall prices in Drake runs below the national average by about 7% (BEA Regional Price Parity index 92.8, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Drake's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,160 |
| Utilities | $370 |
| Groceries | $522 |
| Transportation | $882 |
| Healthcare | $430 |
| Other goods and services | $688 |
| Estimated total | $4,052/mo |
Population
212,464
Median household income
$63,966
Census median rent
$1,054/mo
Rent as % of income
28.8%
Median age
34.6
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Drake Apartments
Browse all 1 communities with daily-updated pricing and availability.