Cheap Homes for Rent in Lakewood Neighborhood of Atlanta, GA from $500 (20 Rentals)

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

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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

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

Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 79 Apartments for Rent in Lakewood, GA with pricing that ranges from $200 to $2,397. There are also 150 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $552 to $8,500.

What is the current price range for Rental Homes in Lakewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $552 to $8,500 with an average monthly rent of $2,109.

How much are larger Three and Four Bedroom Rentals in Lakewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $1,125 to $2,397, while Three Bedroom Homes, Condos, and Townhomes for rent range from $630 to $4,850. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,655.

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.

decorative image for An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.