
Cheap Homes for Rent in Lakewood Neighborhood of Atlanta, GA from $500 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of Atlanta.


2255 Rhinehill Rd SE

Room in House on McWilliams Rd SE

972 Forrest Cir SE

Room in House on Lincoln St 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.

Room in House on Oak Dr

364 Adelle St SE

2308 Lakewood Ave SW

Room in House on Grand Ave SW

Room in Condo on Custer Ave SE

272 William Nye Dr SE
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.

Room in House on Polar Rock Rd SW

620 River Gdns Dr

620 River Gdns Dr

873 Midway St SE

1389 Cozy Ct. SE

210 Oak Dr SE
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.

324 Macedonia Rd SE

3018 Grand Ave SW

2145 Macon Dr SW

2814 1st Ave SW

2744 Fairlane Dr SE

76 Schell Rd SE
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.

3066 Waters Rd SW

3066 Waters Rd SW
Lakewood, Atlanta, GA Local Guide

How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,835 | $604 | $3,200 |
| Lakewood 3 Bedroom Homes for Rent | $2,134 | $1,400 | $3,999 |
| Lakewood 4 Bedroom Homes for Rent | $2,684 | $1,695 | $4,000 |
| Lakewood 5 Bedroom Homes for Rent | $3,176 | $2,295 | $4,195 |
| Lakewood 6 Bedroom Homes for Rent | $2,847 | $2,395 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 26 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 22, 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 | $1.24 |
| 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 |
| Balfour East Lake | Oakland | 2BR,1BA | $1.31 |
| Chez Moi Apartments | Flat | 1BR,1BA | $1.31 |
| 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 Lakewood
What type of rentals are currently available in Lakewood?
There are currently 83 Apartments for Rent in Lakewood, GA with pricing that ranges from $200 to $6,000. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $531 to $4,195.
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 $531 to $4,195 with an average monthly rent of $2,130.
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 $1,100 to $4,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,999. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,690.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.