Cheap Apartments for Rent in Lakewood, CO from $500 (267 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 1875 Harlan St

1875 Harlan St

LakewoodCO80214

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Denver's Best Affordable Neighborhoods

Learn about Denver and the best places to live with original content written by our Denver, CO Local Expert Marie McGinnis

Read Article
Showing Results 1-50, Page 1 of 6

Lakewood, CO Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lakewood, CO

Pricing Updated: 06/24/2025

Current apartment rentals in the Lakewood, CO area range in price from $600 to $9,000 with an overall median price of $3,277. The three Lakewood neighborhoods with the lowest median rent pricing are Belmar at $2,100, Lasley at $650, and North Alameda at $700. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Belmar$2,297$2,1002
Lasley$3,100$6503
North Alameda$3,100$7005
Eiber$3,400$1,3509
Morse Park$3,500$1,3001
Edgewood$3,647$1,4009
Lakewood/West Corridor$3,900$600120

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in Lakewood, CO is a Studio unit found at Highland West Senior Citizens Apartments in the Regis neighborhood priced from $869. The Hill Apartments in the Southwest Denver neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland West Senior Citizens ApartmentsStudio, 1 bathStudio,1BA$869
The Hill ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Federal Terrace ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$899
PinecrestFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Live On South FederalFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Autumn Ridge ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$905
Tabor LakeStudio AStudio,1BA$929
Alpine FlatsStudioStudio,1BA$944
Warren ClubWARREN CLUB STUDIOStudio,1BA$961

Best Value Apartments for Rent in Lakewood, CO

As of June 24, 2025 the best value apartment in the Lakewood area is the $1.41 price per square foot 4 Bed 3 Bath B Model at Stanford Commons in the in the Southwest Denver neighborhood starting from $3,500. The second greatest value Lakewood apartment is the A Style Model at Morningside Retirement 55+ starting at $1,700 with a $1.60 price per square foot in the Regis 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.
Stanford Commons4 Bed 3 Bath B4BR,3BA$1.41
Morningside Retirement 55+A Style2BR,2BA$1.60
3650 Upham St2x12BR,1BA$1.36
Lime Apartments2 Bedroom 1 Bathroom2BR,1BA$1.55
Teller Street2x12BR,1BA$1.59
Cottonwood Apartments2x12BR,1BA$1.53
Timberleaf ApartmentsB12BR,1BA$1.59
Highland West Senior Citizens ApartmentsOne bedroom1BR,1BA$1.53
The Kimberly Apartments1x11BR,1BA$1.46
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$1.58

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

Decorative image of map

See the most popular apartments and homes in Lakewood, CO

View MapLakewood, CO Apartments MapView MapLakewood, CO Rental Homes Map

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 the Cheapest Studio apartment in Lakewood?

Currently the most affordable Cheap Studio Apartment in Lakewood is at Highland West Senior Citizens Apartments listed at $869.

How much is rent for a Cheap One Bedroom Lakewood Apartment?

The lowest price for a Cheap One Bedroom Lakewood Apartment is $899 at The Hill Apartments.

What is the lowest price for a Cheap Two Bedroom Lakewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakewood is starting from $1,125 at Highland Square Apartments.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Lime Apartments and starts from $1,599.

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 The 10 Best Affordable Neighborhoods in Denver, CO article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.