
Cheap Apartments for Rent in Lakewood, CO from $500 (278 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakewood.


Westhaven Senior Apartments 62+

1429 Gray St

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The Pines Apartments

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The Loop at Lamar Station

1391 Carr

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Bear Valley Village Apartments

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Lakeview Towers at Belmar

12121 W Nevada Dr

688 Miller Ct
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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Belmar Villas

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Timberleaf Apartments

6283 W 11th Ave

1348 Vance St

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Ridgemoor Apartment Homes

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Sheridan Station Apartments

1435 Otis St

Waterfront

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Mountain Vista

Notable
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.

Concordia Apartments

1021 Carr St

1021 Carr St

Axis West Flats

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12th and Wads Residences

The Meridian at Lakewood

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The Huntington

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Oak Street Station

Highland Square Apartments

1045 Balsam 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.

212 S Carr St

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Union Square Apartments

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Green Mountain Apartments

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Americana Lakewood Apartments

1600 Hoyt

Cedar West Apartments

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Glen at Lakewood

740 Moore St

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Traverse

730 Moore St
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Brickhouse at Lamar Station

Parkview Terrace

Ascend at Red Rocks

8545 W Dakota Ave

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1393 S Foothill Dr, Unit Studio Apt, Unit Studio Apt

Maya Apartments

Eighth Place

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St. Moritz Apartments

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Four Winds

Beautiful Remodeled Apartments - includes washer/dryer Must See!
Experience Life as a Local: The Insider's Guide to Renting in Denver
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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 | $1,523 | $525 | $2,895 |
| Cheap Lakewood 1 Bedroom Apartments | $1,777 | $684 | $5,383 |
| Cheap Lakewood 2 Bedroom Apartments | $2,178 | $880 | $8,830 |
| Cheap Lakewood 3 Bedroom Apartments | $2,862 | $1,395 | $10,000+ |
| Cheap Lakewood 4 Bedroom Apartments | $3,137 | $2,199 | $3,895 |
Browse Top Apartments in Lakewood
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Lakewood, CO Local Guide

- Lakewood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakewood, CO
Pricing Updated: 04/30/2026Current apartment rentals in the Lakewood, CO area range in price from $525 to $15,673 with an overall median price of $4,587. The three Lakewood neighborhoods with the lowest median rent pricing are Morse Park at $525, North Alameda at $1,325, and Lasley at $684. 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 | $2,155 | $525 | 498 |
| North Alameda | $2,415 | $1,325 | 5 |
| Lasley | $2,593 | $684 | 247 |
| Eiber | $2,682 | $945 | 30 |
| Edgewood | $3,195 | $899 | 100 |
| Belmar | $3,400 | $684 | 312 |
| Lakewood/West Corridor | $15,673 | $525 | 1190 |
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. All Saints Apartments in the Southwest Denver neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $684. 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 |
| All Saints Apartments | Waitast1 | 1BR,1BA | $684 |
| Avenida Del Sol | A1 | 1BR,1BA | $733 |
| Squire Apartments | Studio | Studio,1BA | $899 |
| Warren Club | WARREN CLUB ONE BEDROOM | 1BR,1BA | $925 |
| 1495 Balsam | 0x1 | Studio,1BA | $945 |
| Westhaven Senior Apartments 62+ | 1Br1Ba | 1BR,1BA | $945 |
| Virginia Park | VIRGINIA PARK JUNIOR ONE BEDROOM - 500 SQ FT | 1BR,1BA | $950 |
| The Kimberly Apartments | 0x1 | Studio,1BA | $950 |
| Kimberly Arms | 1 Bed 1 Bath | 1BR,1BA | $950 |
Best Value Apartments for Rent in Lakewood, CO
As of April 30, 2026 the best value apartment in the Lakewood area is the $1.54 price per square foot B2 Model at Elowyn in the in the Bear Valley neighborhood starting from $2,395. The second greatest value Lakewood apartment is the EA-2x2(990) Model at Edelweiss Apartments starting at $1,550 with a $1.57 price per square foot in the Union Square 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 | B2 | 2BR,1.75BA | $1.54 |
| Edelweiss Apartments | EA-2x2(990) | 2BR,2BA | $1.57 |
| Warren Club | WARREN CLUB TWO BEDROOM | 2BR,1BA | $1.32 |
| Cedar West Apartments | Two Bed | 2BR,1BA | $1.61 |
| Avenida Del Sol | B1 | 2BR,1BA | $1.07 |
| The Kimberly Apartments | 0x1 | Studio ,1BA | $1.27 |
| Westland Apartments | 1x1 | 1BR,1BA | $1.44 |
| 947-951 Allison Street | 1x1 | 1BR,1BA | $1.53 |
| Williamsburg Community | 1x1 | 1BR,1BA | $1.60 |
| All Saints Apartments | Waitast1 | 1BR,1BA | $1.33 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe Essential Guide to Denver Neighborhoods for Employees of Lockheed Martin, DIA, and Deloitte
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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 ArticleQuick Rent Budget Calculator
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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.
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 $950.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is All Saints Apartments which is listed at $684, while the average apartment in Lakewood costs $4,587.
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 158 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 $372 which is $4,215 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.
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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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