Drake Farms Opened New Fayetteville Apartments
Renters in Fayetteville can now lease new units at Drake Farms with monthly rates starting at $1,249.
Updated on Oct. 13, 2026 in Apartments
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Drake Farms has officially begun leasing apartment units at 2841 N. Mansfield Ave. in Fayetteville. This new development features studio, one-bedroom, and two-bedroom floor plans designed for energy efficiency.
Why it matters
The project introduces new housing stock to the Fayetteville market, offering options that prioritize indoor air quality and lower utility footprints through the use of heat-pump water heaters.
Monthly rents for the new units at Drake Farms start at $1,249 for studios, $1,499 for one-bedroom apartments, and $1,850 for two-bedroom floor plans. These units range in size from 490 to 1,093 square feet.
The players
Drake Farms
A new residential development in Fayetteville offering energy-efficient studio, one-bedroom, and two-bedroom apartment units.
Specialized Real Estate Group
The developer managing the project with plans to invest over $1 billion into the site over the next 15 years.
The details
The development utilizes heat-pump water heaters and energy-efficient appliances to align with the 2021 International Energy Conservation Code. These building systems are intended to improve both energy performance and interior living conditions for residents. The units are constructed using metal panels manufactured in nearby Lowell.
Timeline
Buildings were designed to meet the 2021 International Energy Conservation Code.
Leasing for apartment units officially commenced in October 2026.
Money Landscape
The development adheres to the 2021 International Energy Conservation Code to meet modern building efficiency standards. This project serves as a major expansion of local infrastructure, with over $1 billion in total investment planned for the area over the next 15 years.
Prospective tenants should review how the monthly rent tiers of $1,249 to $1,850 fit within their established monthly housing budget. Before signing a lease, consider discussing the long-term cost benefits of energy-efficient appliances with a financial professional.
The takeaway
The arrival of Drake Farms marks a significant increase in available rental units in Fayetteville. If you are currently home-hunting, track how new supply entering the market influences rent stability in your specific neighborhood.
Further reading
For more on evaluating new rental opportunities, visit our guide to Apartments.
Source note: This article includes information reported by Talk Business & Politics.
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