It was first recorded in 1274 and was created as a merger of two settlements named Drégely and Palánk.

The village features a primary school, a cultural centre, a library, a sports ground and a gallery.

Drégelypalánk has a medieval fortress that was erected by the Hont-Pázmány dynasty in the 13th century.

During the Turkish Rule, South Slavic settlers came to the area while German immigrants arrived in the 18th century.

The centuries-old economic relations to the neighbouring countries were lost after World War I. Sights of Drégelypalánk include the late Baroque (1734) Roman Catholic church with relics of Saint Elizabeth (Hungarian: Árpádházi Szent Erzsébet), the Baroque chapel of St. Vendel (1857) and the ruins of Drégely Castle.