Cheap Apartments for Rent in the Lakewood Neighborhood of Atlanta, GA from $600 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood area of Atlanta.

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ZD Townhomes
1 to 2 Bedroom Apartments

ZD Townhomes

2959 Forrest Hills Dr SWAtlanta, GA 30315
  • Utilities Included
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Betmar Village
1 Bedroom Apartments

Betmar Village

345 Ashwood Ave SWAtlanta, GA 30315
Senior Living
  • Utilities Included
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Balfour East Lake
1 to 3 Bedroom Apartments

Balfour East Lake

1403 Custer Ave SEAtlanta, GA 30316
Showing Results 1-26, Page 1 of 1

Lakewood, Atlanta, GA Local Guide

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 $900. Pavilion Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Lakewood apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Manor III ApartmentsThe Birch1BR,1BA$900
Pavilion PlaceIvy2BR,1BA$950
Chez Moi ApartmentsFlat1BR,1BA$985
Balfour East LakeLenox1BR,1BA$999
2600 Old Hapeville Rd1 Bed, 1 bath1BR,1BA$1,000
East Ridge ParkThe Merlin1BR,1BA$1,035
445 ClevelandPonce2BR,1BA$1,060
Brookside Park Apartments1 Bedroom 1 Bathroom1BR,1BA$1,108
Springview ApartmentsSpringview Apartments: 2 Bedroom & 2 Bath Apart...2BR,2BA$1,150
Terraces at Highbury Court1x11BR,1BA$1,174

Best Value Apartments for Rent in Lakewood, GA

As of November 15, 2025 the best value apartment in the Lakewood area is the $1.28 price per square foot 3X2TH 60% Model at Villas at Lakewood Apartment Homes in the in the Summerhill neighborhood starting from $1,632. The second greatest value Lakewood apartment is the The Willow B2 Model at Hillcrest Park starting at $1,440 with a $1.18 price per square foot in the Ormewood Park neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas at Lakewood Apartment Homes3X2TH 60%3BR,2.5BA$1.28
Hillcrest ParkThe Willow B22BR,1.5BA$1.18
Balfour East LakeCandler3BR,1BA$1.31
Towne at Lakewood Heights2BR/1.0BA2BR,1BA$1.30
Springview ApartmentsSpringview Apartments: 2 Bedroom & 2 Bath Apart...2BR,2BA$1.10
Pavilion PlaceIvy2BR,1BA$0.93
Colonial Square2 Bed / 1.5 Bath - 60%2BR,1.5BA$1.24
445 ClevelandPonce2BR,1BA$1.17
Chez Moi ApartmentsFlat1BR,1BA$1.31
Manor III ApartmentsThe Birch1BR,1BA$1.20

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Pet Friendly Lifestyle
Lakewood, Atlanta, GA

Ranked #370

Among cities in Georgia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lakewood, Atlanta, GA

School data provided by Great Schools

Getting Around the Lakewood Neighborhood in Atlanta, GA

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $900, while the average apartment in Lakewood costs $1,655.

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 71 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 $1,010 which is $645 cheaper than the average rent for all rentals in Lakewood.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.