Canary Lofts
2530 University Ave,
Des Moines, IA 50311
$890 - $1,715
Studio - 2 Beds
Located about five miles northwest of Downtown Des Moines, Drake is a diverse, affordable community. The neighborhood is home to Drake University, giving it a slight college-town vibe. The northeastern part of the community is dominated by academic halls and student housing, but Drake offers affordable rentals as well. Catering to the college crowd, Drake has a few casual restaurants and small stores. For more shopping, dining, and entertainment options, most residents travel into Downtown Des Moines or the East Village, which are both less than 15 minutes away. Both urban districts house offices, breweries, live music venues, and more. Check out the Pappajohn Sculpture Park, Science Center of Iowa, or the World Food Prize Hall of Laureates — the options are endless while living in Drake.
As of April 2026, the average apartment rent in Drake is $852 for a studio, $773 for one bedroom, $952 for two bedrooms, and $1,347 for three bedrooms. Apartment rent in Drake has increased by 1.0% in the past year.
Studio
416 sq ft
Average Sq Ft
$852/month
Average Rent
1 BR
571 sq ft
Average Sq Ft
$773/month
Average Rent
2 BR
801 sq ft
Average Sq Ft
$952/month
Average Rent
3 BR
1,089 sq ft
Average Sq Ft
$1,347/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Drake - Des Moines, IA is for everyday living.
Moderately Walkable
Walkability
Limited Public Transit
Transit
Very Drivable
Drivability
Moderately Bikeable
Bikeability
Drake - Des Moines, IA offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
Fair Restaurant Variety Nearby
Restaurants
Good Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Drake - Des Moines, IA provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Limited Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Drake - Des Moines, IA from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
Fair Nightlife Variety Nearby
Nightlife
Not Noisy
Quiet Score
Former Resident
9 years and 2 months ago•Niche Review
when my family of 2 children ages 3 & 5 at the time lived on 23rd close to forest. we enjoyed daily walks. we would even go up to Drake University and let the children run around late at night just to get them worn out. all of campus security knew our family. we were sad when we had to move. Drake Campus is real inviting.
Niche User
9 years and 10 months ago•Niche Review
The crimes are usually near the neighborhood, but not in it.
Niche User
10 years and 11 months ago•Niche Review
A lot of the jobs in this area have very low wages and inconvenient hours.
Niche User
11 years ago•Niche Review
There are several local restaurants that have great food, great environments and great customer service. I have never had a problem with a local business in Des Moines. There are also many boutiques that I love visiting throughout Des Moines.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.