
Cheap Apartments for Rent in the Lakewood Neighborhood of Atlanta, GA from $600 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Atlanta.


2255 Rhinehill Rd SE

Room in House on McWilliams Rd SE

2010 Grange Dr SE

972 Forrest Cir SE

Room in House on Lincoln St SW

Manor III Apartments

364 Adelle St SE

Room in House on Grand Ave SW

364 Adelle St SE
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

412 Corvair Dr SE

Total Monthly Price
Park South Apartments

Senior Apartments age 55+ -Ashton Browns Mill

3300 Dogwood Dr, Unit 311

Total Monthly Price
Chez Moi Apartments

Room in Condo on Custer Ave SE

The Steede

Park Vista Apartments

Springview Apartments

Room in House on Polar Rock Rd SW
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Colonial Square

620 River Gdns Dr

620 River Gdns Dr

Vineyards of Browns Mill

Villas at Lakewood Apartment Homes

Brookside Park Apartments

Towne at Lakewood Heights

Colony South Mobile Home Park

ZD Townhomes

Betmar Village
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Forest Cove Apartments

Pavilion Place

2308 Lakewood Ave SW

2600 Old Hapeville Rd

Columbia Blackshear

Balfour East Lake

Columbia High Point

445 Cleveland

Nirvana at Glenrose

Haven at South Atlanta
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Constitution Apartments

Glenrose Gardens

Constitution Hill Apartments

Terraces at Highbury Court

873 Midway St SE

Summerdale Apartments! Welcome Home

1389 Cozy Ct. SE

245 Amal Dr SW

210 Oak Dr SE

3018 Grand Ave SW
Everything You Should Know About Atlanta: A Local Expert's Guide to Renting in the ATL
Your essential guide to renting in Atlanta from a local. Get the inside scoop on the ATL's unique culture, sports, historic sites, and sweet tea essentials.
Lakewood, Atlanta, GA Local Guide

How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 1 Bedroom Apartments | $1,149 | $200 | $1,915 |
| Lakewood 2 Bedroom Apartments | $1,452 | $975 | $3,000 |
| Lakewood 3 Bedroom Apartments | $1,607 | $1,100 | $4,000 |
| Lakewood 4 Bedroom Apartments | $1,959 | $1,690 | $2,228 |
Browse Apartments in this Neighborhood
There are currently 52 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Atlanta, GA.
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Lakewood, Atlanta, GA Local Guide
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Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in the Lakewood area of Atlanta, GA is a 1 Bed unit found at Manor III Apartments priced from $750. Park South Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Lakewood apartments for rent in Atlanta, GA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Manor III Apartments | The Birch | 1BR,1BA | $750 |
| Park South Apartments | 1 Bed, 1 bath | 1BR,1BA | $900 |
| Chez Moi Apartments | Flat | 1BR,1BA | $985 |
| Balfour East Lake | Lenox | 1BR,1BA | $1,007 |
| 445 Cleveland | Ponce | 2BR,1BA | $1,060 |
| Park Vista Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,100 |
| Springview Apartments | Springview Apartments: 2 Bedroom & 2 Bath Apart... | 2BR,2BA | $1,150 |
| East Ridge Park | The Merlin | 1BR,1BA | $1,154 |
| Colonial Square | 2 Bed / 1.5 Bath - 60% | 2BR,1BA | $1,177 |
| The Steede | B1 | 2BR,1BA | $1,216 |
Best Value Apartments for Rent in Lakewood, GA
As of May 26, 2026 the best value apartment in the Lakewood area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at Vineyards of Browns Mill in the in the Glenrose Heights neighborhood starting from $1,650. The second greatest value Lakewood apartment is the 3X2TH 60% Model at Villas at Lakewood Apartment Homes starting at $1,250 with a $0.98 price per square foot in the Summerhill neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vineyards of Browns Mill | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
| Villas at Lakewood Apartment Homes | 3X2TH 60% | 3BR,2.5BA | $0.98 |
| Hillcrest Park | The Willow B2 | 2BR,1.5BA | $1.18 |
| Towne at Lakewood Heights | 2BR/2.0BA | 2BR,2BA | $1.14 |
| 445 Cleveland | Peachtree | 3BR,2BA | $1.29 |
| Springview Apartments | Springview Apartments: 2 Bedroom & 2 Bath Apart... | 2BR,2BA | $1.10 |
| Colonial Square | 2 Bed / 1.5 Bath - 60% | 2BR,1.5BA | $1.24 |
| Manor III Apartments | The Birch | 2BR,1BA | $0.94 |
| Balfour East Lake | Oakland | 2BR,1BA | $1.31 |
| Chez Moi Apartments | Flat | 1BR,1BA | $1.31 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleCommute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies
Find your ideal Atlanta apartment! This guide explores top neighborhoods like Midtown, Vinings, and Brookhaven, and matches them to the city's biggest employers to help you with your next move.
Read ArticleA Local Expert's Guide to the Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta
A Local Expert's Guide to The 10 Best Affordable Neighborhoods in the Atlanta, GA metro area for affordable living. Find your perfect Atlanta apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Lakewood, Atlanta, GA
School data provided by Great Schools
Frequently Asked Questions about Cheap Lakewood Apartments
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Manor III Apartments which is listed at $750, while the average apartment in Lakewood costs $6,000.
What types of apartments are the cheapest in Lakewood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $1,073 which is $4,927 cheaper than the average rent for all rentals in Lakewood.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area
Written by: Jan Boling
Atlanta, Georgia is a large, modern city with many neighborhoods that welcome both newcomers and natives.

Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta
Written by: Brandie Parton
As a member of the Apartment Home Living team, I am honored to share all I know about the fabulous city that I affectionately call ATL.

Commute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies
Written by: Brandie Parton
Hi there, I am Brandie Parton, your ApartmentHomeLiving.com Local Expert for Atlanta, GA. I love this bustling city that never seems to quit, rest, or become boring.

Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.