Thankfully, a circuit for dropping the 5v input to 3.3v is really easy to build. It only requires a pair of capacitors and a 3.3v regulator, only about $2 of materials total.
In the passive voltage divider circuit, if the load varies its current draw, you have to have a resistor in parallel with the load so that the total current through both the load and the resistor doesn't vary significantly (where "significant" is derived from your tolerance for voltage variation).