James Collins' 13th goal of the season had put the Hatters ahead midway through the first half but Rangers struck back in the second period through Dominic Ball.
Jones said: “We would have liked to control the game a little bit more. To be fair to them, they came here, played a little bit unorthodox so they were able to get on the ball, and we had to make sure we were solid and not concede.
"We got in front with a well-worked goal and then we couldn’t quite get the second. Then we conceded on the counter-attack which is a bit disappointing. Maybe I made changes a little bit late. If I made them a little bit earlier it might have given us a little bit more impetus to go on and win the game."
It was the sixth game out of seven since the restart that the Town have gained points, with a fourth draw to go with two wins.
Jones added: “We had a glorious chance at the end to win it but look, it’s another point. It could turn into a positive point but I’m a little bit disappointed tonight in terms of not being able to be a little bit better. There are some big battles ahead."
On the Rangers equaliser, he said: "We were in good positions in terms of being able to deal with the counter attack. We’ve got good numbers back but we’ve lost a header, then he’s (Bright Osayi-Samuel) made a run, then he’s gone past Cameron, which not many people do, and then they’ve arrived in more numbers than us at the edge of the box. So I will have to have a look at it, but it’s disappointing from our side."
The result leaves the Hatters second-from-bottom, but level on 45 points with Saturday's opponents Hull, and one behind Charlton who are just above the cut-off line, but with a game in hand against Birmingham tomorrow night.
"It’s probably a fair result in terms of chances because we had some good chances right at the end, had a goal disallowed which we are really disappointed about as well," said Jones.
"End of the day, God willing we stay up, this will be a positive point. I would have liked three, I really would have. Maybe I should have been a little braver in parts of the game, but it’s another point."
