Cheap Apartments for Rent in Lakewood, CO from $500 (322 Rentals)

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

property at 10687 W 6th Pl

10687 W 6th Pl

LakewoodCO80215
property at 7310 W 10th Ave

7310 W 10th Ave

LakewoodCO80214
property at 825 Oak St

825 Oak St

LakewoodCO80215
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Lakewood, CO Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lakewood, CO

Pricing Updated: 09/21/2025

Current apartment rentals in the Lakewood, CO area range in price from $525 to $7,723 with an overall median price of $2,532. The three Lakewood neighborhoods with the lowest median rent pricing are Edgewood at $995, Morse Park at $525, and Belmar at $1,279. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Edgewood$1,761$99530
Morse Park$1,799$525423
Belmar$2,337$1,27965
Lasley$2,504$895355
Eiber$2,579$945104
North Alameda$2,750$1,3753
Lakewood/West Corridor$4,000$5251186

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in Lakewood, CO is a 1 Bed unit found at Mansard Square Apartments in the Southwest Denver neighborhood priced from $895. Westhaven Senior Apartments 62+ in the Daniels Garden neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mansard Square Apartments1X11BR,1BA$895
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$945
Tabor LakeStudio AStudio,1BA$949
Cavalier Club ApartmentsStudioStudio,1BA$950
Lost Creek Apartments1 Beds, 1 Baths1BR,1BA$975
Applewood Retirement CommunityStudioStudio,1BA$980
Cornell Apartments1 Bed, 1 Bath1BR,1BA$995
Del Corazon1X11BR,1BA$995
Squire ApartmentsOne Bedroom1BR,1BA$995
The Kimberly Apartments0x1Studio,1BA$995

Best Value Apartments for Rent in Lakewood, CO

As of September 21, 2025 the best value apartment in the Lakewood area is the $1.56 price per square foot 1760 Eaton St Model at 1760 Eaton St, Unit 2 in the in the Edgewood neighborhood starting from $1,795. The second greatest value Lakewood apartment is the Peak Model at Loretto Heights starting at $1,574 with a $1.51 price per square foot in the Southwest Denver 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.
1760 Eaton St, Unit 21760 Eaton St2BR,1BA$1.56
Loretto HeightsPeak2BR,2BA$1.51
THE PINES ApartmentsLarge 2 Bedroom/ 2 Bath2BR,2BA$1.52
Squire ApartmentsThree Bedroom3BR,1BA$1.43
Lakeview Heights2BR2BR,1BA$1.53
Lime Apartments2 Bedroom 1 Bathroom2BR,1BA$1.55
Elm Creek ApartmentsElm Creek 2 Bed 1 Bath2BR,1BA$1.53
COTTONWOOD APARTMENTS2x12BR,1BA$1.53
The Kimberly Apartments0x1Studio ,1BA$1.33
Mansard Square Apartments1X11BR,1BA$1.53

Quick Rent Budget Calculator

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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.

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Lakewood Overview

Lakewood, Colorado is the fifth-largest town in the Denver metropolitan area. Just minutes away from downtown Denver and 64 miles north-northwest of alluring Colorado Springs, Lakewood boasts some of the most spectacular views of the foothills of the Rocky Mountains. Its premier location and affordability make it one of the most popular destinations for those seeking a well-rounded living experience.

Why live in Lakewood, CO?

Lakewood is a suburb of Denver, offering all the advantages to metropolitan life, while still providing that sense of community many are seeking. This little town offers its residents a balanced life, filled with arts, culture, outdoor activities, and an opportunity to make an honest living.

Pet Friendly Lifestyle
Lakewood, CO

Ranked #4

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lakewood, CO

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakewood, CO Rentals by Map

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Getting Around Lakewood, CO

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

39 / 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 a cheap apartment in Lakewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $995.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is Mansard Square Apartments which is listed at $895, while the average apartment in Lakewood costs $2,532.

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 98 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 $320 which is $2,212 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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