
Cheap Apartments for Rent in Lakewood, CO from $500 (276 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakewood.


Lamar Station Crossing

1685 Upham St

Westhaven Senior Apartments 62+

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The Loop at Lamar Station

Maplewood Apartments

1391 Carr St, Unit 302

Lamar Station Crossing II

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Greenway Apartments

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Ridgemoor Apartment Homes
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.

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The Pines Apartments

1875 N Harlan St

Willow Glen Senior

1391 Carr St, Unit 208

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Lakeview Towers at Belmar

Carr

Yukon Terrace Apartments

The Residences at Creekside

7310 W 10th Ave

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Timberleaf 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.

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Sheridan Station Apartments

Larimar Apartments

Belmar Groves

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Mountain Vista

Waterfront

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Green Mountain Apartments

720 Moore St

Highland Square Apartments

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Bear Valley Village Apartments

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Notable
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.

1435 Otis St

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The Huntington

1375 Everett Ct, Unit 205

6464 W 13th Ave

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Belmar Villas

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1393 S Foothill Dr, Unit Studio Apt

7523 W 8th Pl

7557 W 8th Pl

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8543 W Colorado Pl, Unit 1 Bed -UTILITIES INCLUDED

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1242 Zephyr St, Unit 1242 Zephyr St.
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.

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12th and Wads Residences

Indy Street Flats

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Alta Sloans Lake

The Meridian at Lakewood

Cedar West Apartments

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1600 Hoyt

Brickhouse at Lamar Station

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Robinson Place - A Senior Community

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Americana Lakewood Apartments

375 S Depew St, Unit 102
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Lakewood, CO Local Guide

How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakewood Studio Apartments | $1,513 | $650 | $3,265 |
| Cheap Lakewood 1 Bedroom Apartments | $1,774 | $715 | $8,830 |
| Cheap Lakewood 2 Bedroom Apartments | $2,170 | $880 | $10,000+ |
| Cheap Lakewood 3 Bedroom Apartments | $2,682 | $1,093 | $10,000+ |
| Cheap Lakewood 4 Bedroom Apartments | $2,794 | $1,880 | $3,700 |
Browse Top Apartments in Lakewood
See all Apartments in LakewoodExplore Lakewood
Lakewood, CO Local Guide

- Lakewood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakewood, CO
Pricing Updated: 06/15/2026Current apartment rentals in the Lakewood, CO area range in price from $733 to $18,857 with an overall median price of $3,800. The three Lakewood neighborhoods with the lowest median rent pricing are Morse Park at $788, Edgewood at $795, and North Alameda at $788. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Morse Park | $2,089 | $788 | 546 |
| Edgewood | $2,116 | $795 | 113 |
| North Alameda | $2,168 | $788 | 56 |
| Lasley | $2,416 | $788 | 244 |
| Belmar | $2,937 | $788 | 79 |
| Eiber | $2,950 | $945 | 75 |
| Lakewood/West Corridor | $11,928 | $733 | 1228 |
Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in Lakewood, CO is a Studio unit found at Francis Heights Senior Living Community in the Auraria neighborhood priced from $650. Lamar Station Crossing in the Edgewood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $788. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Francis Heights Senior Living Community | Studio | Studio,1BA | $650 |
| Lamar Station Crossing | 1 Bedroom | 1BR,1BA | $788 |
| Fifty Eight Hundred | 1 Bedroom | 1BR,1BA | $788 |
| Pinecrest | AR 1 Bed 1 Bath | 1BR,1BA | $875 |
| Live On South Federal | AR 1 Bed 1 Bath | 1BR,1BA | $875 |
| Autumn Ridge Apartments | AR 1 Bed 1 Bath | 1BR,1BA | $875 |
| Squire Apartments | Studio | Studio,1BA | $899 |
| Sloans Lake West | *** $900.00 ** SLOAN’S LAKE WEST APARTMENTS - E... | Studio,1BA | $900 |
| Noco Flats | One Bedroom | 1BR,1BA | $935 |
| Parkwood Plaza | Sherwood | 1BR,1BA | $941 |
Best Value Apartments for Rent in Lakewood, CO
As of June 15, 2026 the best value apartment in the Lakewood area is the $1.53 price per square foot B1 Model at Elowyn in the in the Bear Valley neighborhood starting from $2,222. The second greatest value Lakewood apartment is the CSA-2x2(1031) Model at Creekside At Amherst Apartments starting at $1,575 with a $1.53 price per square foot in the Bear Valley 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. |
|---|---|---|---|
| Elowyn | B1 | 2BR,1.5BA | $1.53 |
| Creekside At Amherst Apartments | CSA-2x2(1031) | 2BR,2BA | $1.53 |
| The Modern | Newport | 2BR,2BA | $1.55 |
| 1301-1305 Wolff St | 2 Beds, 1 Baths | 2BR,1BA | $1.39 |
| 5550 W 3rd Pl | 2 Beds, 1 Baths | 2BR,1BA | $1.33 |
| Warren Club | WARREN CLUB TWO BEDROOM | 2BR,1BA | $1.38 |
| Elm Creek Apartments | EC 2 Bed 1 Bath | 2BR,1BA | $1.53 |
| The Kimberly Apartments | 0x1 | Studio ,1BA | $1.27 |
| Westland Apartments | 1x1 | 1BR,1BA | $1.44 |
| 947-951 Allison Street | 1x1 | 1BR,1BA | $1.53 |
The Essential Guide to Denver Neighborhoods for Employees of Lockheed Martin, DIA, and Deloitte
Explore dynamic Denver neighborhoods like Ballpark, Five Points, and East Westminster. Find the perfect apartment with a great lifestyle and easy access to major employers and cultural hubs.
Read ArticleDon'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 ArticleThe Student Renter's Ultimate Guide to Picking the Perfect Denver Neighborhood to Rent
Learn About the Best Neighborhoods to Rent Near College Campuses in Denver, CO | Find Denver Off-Campus Student Housing 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.
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.
Lakewood, COPopulation: 156,798
Ranked #163
in US Census Population by City
Best Local Schools in Lakewood, CO
Devinny Elementary School
Green Mountain High School
Dunstan Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakewood, CO Rentals by Map
See the most popular apartments and homes in Lakewood, CO
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 $941.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Francis Heights Senior Living Community which is listed at $715, while the average apartment in Lakewood costs $3,800.
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 360 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 $469 which is $3,331 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

The 10 Best Affordable Neighborhoods in Denver, CO
Written by: Marie McGinnis
Denver is a beautiful city with ample opportunities for outdoor recreation and a wide variety of housing options. As your ApartmentHomeLiving.

Your Guide to Picking the Perfect Denver Neighborhood for Student Renters
Written by: Marie McGinnis
Many dream of attending college in Denver. Nothing beats the big-city opportunities with close access to outdoor activities.

The Essential Guide to Denver Neighborhoods for Employees of Lockheed Martin, DIA, and Deloitte
Written by: Marie McGinnis
Denver is a bustling city with a strong economy, numerous outdoor activities, and a robust cultural scene.

Experience Life as a Local: The Insider's Guide to Renting in Denver
Written by: Marie McGinnis
Nothing beats the fresh Colorado air and numerous sunny days. In Denver, nature meets big city living, and there is no shortage of things to do. Hi, I'm Marie, your ApartmentHomeLiving.
Articles, How-To's, and Tips

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.