
Cheap Apartments for Rent in the Lakewood Neighborhood of Atlanta, GA from $600 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Atlanta.


2255 Rhinehill Rd SE

Room in Duplex on Polar Rock Pl SW

972 Forrest Cir SE

Manor III Apartments

Total Monthly Price
Park South Apartments

Senior Apartments age 55+ -Ashton Browns Mill

Room in House on Grand Ave SW
Understanding Atlanta's Short-Term Rental Landscape: Everything You Need to Know
Discover the thriving short-term rental market in Atlanta from a local expert's perspective. Find flexible, move-in-ready housing options in Downtown, West Midtown, and more.

ZD Townhomes

Room in House on Bowen Ave SE

Total Monthly Price
Chez Moi Apartments

Room in Condo on Custer Ave SE

The Steede

Park Vista Apartments

Room in House on Polar Rock Rd SW

Colonial Square
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.

Towne at Lakewood Heights

Springview Apartments

Vineyards of Browns Mill

Villas at Lakewood Apartment Homes

Brookside Park Apartments

Colony South Mobile Home Park

Betmar Village

Forest Cove Apartments
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.

Pavilion Place

2308 Lakewood Ave SW

636 Federal Terrace SE

2600 Old Hapeville Rd

Columbia Blackshear

Balfour East Lake

Columbia High Point

445 Cleveland
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.

Nirvana at Glenrose

Haven at South Atlanta

Constitution Apartments

Constitution Hill Apartments

Glenrose Gardens

Terraces at Highbury Court

Hillcrest Park

Summerdale Apartments! Welcome Home
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.

324 Macedonia Rd SE

Room in House on Oak Dr
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 | $1,150 | $200 | $1,915 |
| Lakewood 2 Bedroom Apartments | $1,477 | $975 | $3,000 |
| Lakewood 3 Bedroom Apartments | $1,582 | $1,100 | $4,000 |
| Lakewood 4 Bedroom Apartments | $1,959 | $1,690 | $2,228 |
Browse Apartments in this Neighborhood
There are currently 42 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 Park South Apartments priced from $900. Chez Moi Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. Here are the most affordable Lakewood apartments for rent in Atlanta, GA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park South Apartments | 1 Bed, 1 bath | 1BR,1BA | $900 |
| Chez Moi Apartments | Flat | 1BR,1BA | $985 |
| The Steede | A1 | 1BR,1BA | $1,044 |
| 445 Cleveland | Ponce | 2BR,1BA | $1,077 |
| Park Vista Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,100 |
| Senior Apartments age 55+ -Ashton Browns Mill | 2 Beds, 2 baths | 2BR,2BA | $1,100 |
| East Ridge Park | The Merlin | 1BR,1BA | $1,154 |
| Colonial Square | 2 Bed / 1.5 Bath - 60% | 2BR,1BA | $1,177 |
| Towne at Lakewood Heights | 2BR/2.0BA | 2BR,2BA | $1,195 |
| Springview Apartments | Springview Apartments: 2 Bedroom & 2 Bath Apart... | 2BR,2BA | $1,200 |
Best Value Apartments for Rent in Lakewood, GA
As of July 10, 2026 the best value apartment in the Lakewood area is the $1.03 price per square foot The Willow B2 Model at Hillcrest Park in the in the Ormewood Park neighborhood starting from $1,249. The second greatest value Lakewood apartment is the 2BR/2.0BA Model at Towne at Lakewood Heights starting at $1,195 with a $1.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hillcrest Park | The Willow B2 | 2BR,1.5BA | $1.03 |
| Towne at Lakewood Heights | 2BR/2.0BA | 2BR,2BA | $1.00 |
| Vineyards of Browns Mill | 2 Bedroom 2 Bath | 2BR,2BA | $1.25 |
| 445 Cleveland | Peachtree | 3BR,2BA | $1.24 |
| Brookside Park Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.16 |
| Summerdale Apartments! Welcome Home | 1st Month Free * With A 13-month Lease | 3 Bedr... | 3BR,2BA | $1.29 |
| Springview Apartments | Springview Apartments: 2 Bedroom & 2 Bath Apart... | 2BR,2BA | $1.14 |
| Senior Apartments age 55+ -Ashton Browns Mill | 2 Beds, 2 baths | 2BR,2BA | $1.14 |
| Colonial Square | 2 Bed / 1.5 Bath - 60% | 2BR,1.5BA | $1.24 |
| Manor III Apartments | The Birch | 1BR,1BA | $1.00 |
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 26 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 $340 which is $5,660 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
Written by: Brandie Parton
Hi there, I am Brandie, your ApartmentHomeLiving.com local expert for Atlanta, Georgia.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.